RCN Capital in Illinois vs the state
54.5%Denial rate+37.39 pts vs state
55.3%Decision denial rate+33.59 pts vs state
44.1%Origination rate-14.62 pts vs state
8.10%Median rate+1.35 pts vs state
—Rate spread (pts)
—Median applicant income
259Loans originated
320Denied
Trend in Illinois
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 521 | 258 | 16.7% | 8.63% | #107 |
| 2024 | 504 | 292 | 19.1% | 8.45% | #120 |
| 2025 | 587 | 259 | 54.5% | 8.10% | #119 |
What RCN Capital lends in Illinois
By loan purpose
By loan type
Why it denied Illinois applicants
Other large lenders in Illinois
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Guaranteed Rate | B | 17,479 | 4.9% | 6.63% |
| Rocket Mortgage | C | 16,971 | 19.7% | 6.75% |
| United Shore Financial Services | B | 15,644 | 13.0% | 6.50% |
| JPMorgan Chase Bank | B | 13,574 | 9.7% | 6.49% |
| U.S. Bank | D | 10,076 | 38.3% | 7.00% |
| Crosscountry Mortgage | B | 8,779 | 4.5% | 6.75% |
| Fifth Third Bank | D | 8,628 | 32.1% | 7.50% |
| The Huntington National Bank | D | 8,226 | 31.9% | 6.99% |
| BMO Bank | F | 8,007 | 32.7% | 8.33% |
| Loandepot.Com | D | 7,019 | 17.7% | 6.88% |
Frequently asked questions
Illinois: 587 applications in 2025, of which 259 were originated and 320 denied.
54.5% of all applications, or 55.3% of the applications it actually decided on. The Illinois statewide average across all lenders was 17.1%.
The median rate on loans RCN Capital originated in Illinois in 2025 was 8.10%, against a statewide median of 6.75%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Illinois, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology