RCN Capital in Maryland vs the state
30.0%Denial rate+11.22 pts vs state
30.4%Decision denial rate+6.29 pts vs state
68.7%Origination rate+12.95 pts vs state
7.75%Median rate+1.13 pts vs state
—Rate spread (pts)
—Median applicant income
677Loans originated
296Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,250 | 994 | 5.0% | 7.91% | #38 |
| 2024 | 1,634 | 1,368 | 5.9% | 7.91% | #32 |
| 2025 | 986 | 677 | 30.0% | 7.75% | #55 |
What RCN Capital lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 986 applications in 2025, of which 677 were originated and 296 denied.
30.0% of all applications, or 30.4% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans RCN Capital originated in Maryland in 2025 was 7.75%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology