RCN Capital in Arizona vs the state
85.5%Denial rate+69.25 pts vs state
85.5%Decision denial rate+65.07 pts vs state
14.5%Origination rate-44.96 pts vs state
7.97%Median rate+1.47 pts vs state
—Rate spread (pts)
—Median applicant income
9Loans originated
53Denied
Trend in Arizona
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 75 | 18 | 29.3% | 7.41% | #263 |
| 2024 | 59 | 13 | 40.7% | 8.20% | #288 |
| 2025 | 62 | 9 | 85.5% | 7.97% | #288 |
What RCN Capital lends in Arizona
By loan purpose
By loan type
Why it denied Arizona applicants
Other large lenders in Arizona
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 25,383 | 10.2% | 6.25% |
| Rocket Mortgage | C | 17,947 | 15.6% | 6.75% |
| Desert Financial Credit Union | B | 16,970 | 24.3% | 6.49% |
| Crosscountry Mortgage | B | 7,570 | 3.8% | 6.58% |
| Fairway Independent Mortgage | B | 6,729 | 5.6% | 6.63% |
| Bank of America | F | 6,229 | 32.2% | 6.24% |
| Loandepot.Com | D | 6,180 | 16.1% | 5.99% |
| Pennymac Loan Services | C | 5,838 | 11.7% | 6.62% |
| Nova Financial & Investment | C | 5,380 | 16.2% | 6.49% |
| Freedom Mortgage | B | 4,991 | 7.0% | 6.00% |
Frequently asked questions
Arizona: 62 applications in 2025, of which 9 were originated and 53 denied.
85.5% of all applications, or 85.5% of the applications it actually decided on. The Arizona statewide average across all lenders was 16.2%.
The median rate on loans RCN Capital originated in Arizona in 2025 was 7.97%, against a statewide median of 6.50%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Arizona, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology