RCN Capital in Massachusetts vs the state
38.6%Denial rate+22.39 pts vs state
38.9%Decision denial rate+18.99 pts vs state
60.5%Origination rate-2.07 pts vs state
9.99%Median rate+3.37 pts vs state
—Rate spread (pts)
—Median applicant income
138Loans originated
88Denied
Trend in Massachusetts
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 179 | 82 | 16.8% | 8.26% | #166 |
| 2024 | 201 | 144 | 11.4% | 10.74% | #151 |
| 2025 | 228 | 138 | 38.6% | 9.99% | #146 |
What RCN Capital lends in Massachusetts
By loan purpose
By loan type
Why it denied Massachusetts applicants
Other large lenders in Massachusetts
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 17,476 | 29.0% | 7.40% |
| Rocket Mortgage | C | 8,698 | 15.9% | 6.75% |
| Bank of America | F | 7,784 | 30.1% | 5.99% |
| Guaranteed Rate | B | 7,313 | 4.5% | 6.50% |
| Eastern Bank | B | 6,216 | 31.8% | 6.99% |
| Rockland Trust | C | 5,990 | 28.6% | 6.99% |
| Leader Bank | A | 5,913 | 1.8% | 6.25% |
| United Shore Financial Services | B | 5,898 | 12.8% | 6.50% |
| Crosscountry Mortgage | B | 5,634 | 3.8% | 6.63% |
| TD Bank | D | 3,778 | 26.9% | 7.44% |
Frequently asked questions
Massachusetts: 228 applications in 2025, of which 138 were originated and 88 denied.
38.6% of all applications, or 38.9% of the applications it actually decided on. The Massachusetts statewide average across all lenders was 16.2%.
The median rate on loans RCN Capital originated in Massachusetts in 2025 was 9.99%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Massachusetts, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology