Royal United Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
9th29.3% deniedPricingmedian rate spread over APOR, weight 30%
5th1.06 ptsProcesswithdrawn + incomplete share, weight 15%
52nd16.4%Closing coststotal loan costs ÷ loan amount, weight 10%
1st7.20% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 9,303 | 5,389 | 26.6% | 30.7% | 7.00% | $652M |
| 2024 | 10,162 | 5,993 | 26.6% | 30.6% | 6.88% | $757M |
| 2025 | 8,724 | 4,960 | 24.5% | 29.3% | 6.88% | $657M |
What Royal United Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 596 investment properties.
Why Royal United Mortgage denies applications
Primary reason reported for each of the 2,137 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Royal United Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 4,581 | 2,454 | 32.8% |
| $50k – $100k | 3,036 | 1,826 | 25.9% |
| $100k – $150k | 733 | 444 | 25.0% |
| $150k – $250k | 293 | 189 | 22.7% |
| Over $250k | 77 | 46 | 25.4% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 46 | 29 | 29.3% |
| 25–34 | 258 | 149 | 29.9% |
| 35–44 | 581 | 343 | 30.0% |
| 45–54 | 1,150 | 689 | 28.7% |
| 55–64 | 2,228 | 1,262 | 30.7% |
| 65–74 | 3,017 | 1,722 | 28.6% |
| Over 74 | 1,444 | 766 | 28.8% |
Where Royal United Mortgage lends
33 states and 1,877 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 1,782 | 943 | 26.9% | 6.88% | #113 |
| Indiana | 622 | 417 | 16.9% | 6.75% | #102 |
| New York | 548 | 318 | 24.6% | 6.75% | #126 |
| Ohio | 514 | 273 | 28.2% | 6.88% | #133 |
| Pennsylvania | 398 | 211 | 26.1% | 6.75% | #187 |
| Georgia | 392 | 245 | 18.9% | 6.88% | #170 |
| Illinois | 378 | 207 | 28.0% | 6.75% | #157 |
| Michigan | 364 | 199 | 28.9% | 6.75% | #154 |
| Florida | 350 | 183 | 30.3% | 6.63% | #288 |
| Missouri | 285 | 182 | 17.5% | 6.75% | #145 |
| North Carolina | 280 | 170 | 20.0% | 7.00% | #202 |
| Alabama | 234 | 139 | 24.8% | 7.00% | #141 |
| South Carolina | 233 | 146 | 20.6% | 7.13% | #170 |
| Oklahoma | 220 | 121 | 24.1% | 6.88% | #115 |
| Kentucky | 205 | 128 | 20.0% | 6.88% | #145 |
| Tennessee | 201 | 124 | 21.4% | 6.63% | #215 |
| Louisiana | 177 | 86 | 35.0% | 6.75% | #132 |
| Wisconsin | 161 | 83 | 29.2% | 6.75% | #184 |
| Kansas | 153 | 90 | 27.5% | 6.88% | #125 |
| Virginia | 151 | 90 | 24.5% | 6.63% | #240 |
| Mississippi | 144 | 72 | 27.1% | 6.75% | #105 |
| Arkansas | 134 | 72 | 21.6% | 6.88% | #134 |
| Iowa | 132 | 72 | 19.7% | 6.88% | #132 |
| West Virginia | 131 | 67 | 23.7% | 7.00% | #83 |
| California | 115 | 69 | 25.2% | 6.88% | #417 |
| New Jersey | 107 | 58 | 22.4% | 6.94% | #258 |
| Minnesota | 83 | 53 | 22.9% | 6.75% | #227 |
| Arizona | 72 | 41 | 22.2% | 6.50% | #272 |
| Washington | 42 | 26 | 21.4% | 6.63% | #309 |
| Maryland | 40 | 22 | 15.0% | 6.50% | #340 |
| Colorado | 38 | 26 | 18.4% | 6.56% | #340 |
| Oregon | 27 | 19 | 18.5% | 6.38% | #277 |
| Connecticut | 11 | 8 | 0.0% | 6.75% | #362 |
Frequently asked questions
Royal United Mortgage denied 29.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 9th percentile of mid-size mortgage lenders.
The most common reason Royal United Mortgage gave in 2025 was "collateral", cited on 40.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Royal United Mortgage originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 1.06 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 3% of its applications were for home purchases, 97% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 87% conventional, 10% FHA, 3% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.