RCN Capital in North Carolina vs the state
45.6%Denial rate+27.51 pts vs state
46.0%Decision denial rate+23.19 pts vs state
53.5%Origination rate-4.33 pts vs state
7.73%Median rate+1.22 pts vs state
—Rate spread (pts)
—Median applicant income
284Loans originated
242Denied
Trend in North Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 499 | 258 | 16.6% | 7.87% | #120 |
| 2024 | 486 | 291 | 17.3% | 7.92% | #130 |
| 2025 | 531 | 284 | 45.6% | 7.73% | #132 |
What RCN Capital lends in North Carolina
By loan purpose
By loan type
Why it denied North Carolina applicants
Other large lenders in North Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| State Employees' | C | 47,893 | 25.2% | 6.25% |
| Rocket Mortgage | C | 25,109 | 16.0% | 6.63% |
| United Shore Financial Services | B | 18,884 | 11.4% | 6.13% |
| Vanderbilt Mortgage and Finance | F | 15,008 | 38.0% | 7.75% |
| Truist Bank | C | 14,364 | 30.3% | 6.50% |
| Movement Mortgage | A | 11,091 | 2.6% | 6.63% |
| Navy Federal Credit Union | D | 10,565 | 19.4% | 7.13% |
| First-Citizens Bank & Trust | B | 10,319 | 19.6% | 6.38% |
| Bank of America | F | 10,276 | 28.2% | 6.24% |
| Mortgage Research Center | C | 10,029 | 17.7% | 6.25% |
Frequently asked questions
North Carolina: 531 applications in 2025, of which 284 were originated and 242 denied.
45.6% of all applications, or 46.0% of the applications it actually decided on. The North Carolina statewide average across all lenders was 18.1%.
The median rate on loans RCN Capital originated in North Carolina in 2025 was 7.73%, against a statewide median of 6.50%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in North Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology