RCN Capital in Indiana vs the state
42.8%Denial rate+26.26 pts vs state
43.3%Decision denial rate+23.15 pts vs state
56.1%Origination rate-6.15 pts vs state
7.76%Median rate+1.01 pts vs state
—Rate spread (pts)
—Median applicant income
262Loans originated
200Denied
Trend in Indiana
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 356 | 188 | 10.1% | 8.11% | #124 |
| 2024 | 430 | 281 | 18.1% | 8.01% | #119 |
| 2025 | 467 | 262 | 42.8% | 7.76% | #121 |
What RCN Capital lends in Indiana
By loan purpose
By loan type
Why it denied Indiana applicants
Other large lenders in Indiana
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,503 | 18.6% | 6.75% |
| Ruoff Mortgage Company | A | 8,860 | 4.0% | 6.75% |
| Fifth Third Bank | D | 8,693 | 27.6% | 7.75% |
| United Shore Financial Services | B | 8,659 | 12.2% | 6.38% |
| Freedom Mortgage | B | 5,454 | 8.9% | 6.25% |
| Newrez | D | 5,421 | 18.2% | 6.63% |
| First Merchants Bank | C | 5,114 | 19.9% | 6.76% |
| Fairway Independent Mortgage | B | 4,813 | 7.4% | 6.75% |
| Mortgage Research Center | C | 4,791 | 19.0% | 6.25% |
| PNC Bank | D | 4,724 | 25.1% | 7.55% |
Frequently asked questions
Indiana: 467 applications in 2025, of which 262 were originated and 200 denied.
42.8% of all applications, or 43.3% of the applications it actually decided on. The Indiana statewide average across all lenders was 16.6%.
The median rate on loans RCN Capital originated in Indiana in 2025 was 7.76%, against a statewide median of 6.75%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Indiana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology