RCN Capital in Iowa vs the state
72.5%Denial rate+59.64 pts vs state
74.4%Decision denial rate+59.05 pts vs state
25.0%Origination rate-43.46 pts vs state
7.71%Median rate+1.21 pts vs state
—Rate spread (pts)
—Median applicant income
10Loans originated
29Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 16 | 12.5% | 8.29% | #249 |
| 2024 | 35 | 11 | 31.4% | 10.49% | #241 |
| 2025 | 40 | 10 | 72.5% | 7.71% | #239 |
What RCN Capital lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Other large lenders in Iowa
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| GREENSTATE Credit Union | B | 13,829 | 5.9% | 6.50% |
| Veridian Credit Union | B | 8,725 | 8.9% | 6.49% |
| Rocket Mortgage | C | 3,761 | 22.7% | 6.63% |
| Hills Bank and Trust | A | 3,434 | 6.1% | 6.25% |
| U.S. Bank | D | 2,720 | 25.7% | 7.00% |
| Dupaco Community | A | 2,669 | 16.1% | 7.00% |
| Community Choice Credit Union | B | 2,653 | 11.8% | 6.13% |
| Iowa Bankers Mortgage | B | 2,423 | 15.4% | 6.50% |
| Broker Solutions | D | 2,386 | 6.4% | 6.75% |
| Northwest Bank | A | 2,181 | 5.7% | 6.38% |
Frequently asked questions
Iowa: 40 applications in 2025, of which 10 were originated and 29 denied.
72.5% of all applications, or 74.4% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans RCN Capital originated in Iowa in 2025 was 7.71%, against a statewide median of 6.50%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Iowa, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology