RCN Capital in Connecticut vs the state
37.1%Denial rate+19.74 pts vs state
37.8%Decision denial rate+16.24 pts vs state
61.0%Origination rate+0.66 pts vs state
9.49%Median rate+2.87 pts vs state
—Rate spread (pts)
—Median applicant income
401Loans originated
244Denied
Trend in Connecticut
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 510 | 347 | 9.6% | 8.78% | #50 |
| 2024 | 547 | 388 | 10.4% | 8.40% | #50 |
| 2025 | 657 | 401 | 37.1% | 9.49% | #47 |
What RCN Capital lends in Connecticut
By loan purpose
By loan type
Why it denied Connecticut applicants
Other large lenders in Connecticut
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 6,043 | 16.5% | 6.75% |
| Citizens Bank | C | 4,895 | 26.2% | 7.40% |
| Bank of America | F | 4,591 | 32.1% | 6.00% |
| United Shore Financial Services | B | 4,239 | 13.7% | 6.50% |
| Total Mortgage Services | B | 4,219 | 4.5% | 6.63% |
| Manufacturers and Traders Trust | C | 4,030 | 31.8% | 5.99% |
| Liberty Bank | A | 3,513 | 9.5% | 5.99% |
| Webster Bank | C | 2,762 | 21.9% | 6.74% |
| Newrez | D | 2,556 | 21.8% | 6.88% |
| AMERICAN EAGLE FINANCIAL Credit Union | D | 2,463 | 18.9% | 7.75% |
Frequently asked questions
Connecticut: 657 applications in 2025, of which 401 were originated and 244 denied.
37.1% of all applications, or 37.8% of the applications it actually decided on. The Connecticut statewide average across all lenders was 17.4%.
The median rate on loans RCN Capital originated in Connecticut in 2025 was 9.49%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Connecticut, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology