RCN Capital · Ohio · 2025

RCN Capital in Ohio: approval rate, denial rate and rates (2025)

RCN Capital took 1,391 mortgage applications in Ohio in 2025, ranking #66 of 1,092 lenders active in the state. It originated 60.7% of them and denied 37.6% (38.3% of the applications it decided), against a statewide denial rate of 17.7%.

1.4kApplicationsin OH
38.3%Decision denial ratestate 21.9%
7.85%Median ratestate 6.88%
$125,000Median loanstate $155,000
$137MVolume0 counties

RCN Capital in Ohio vs the state

37.6%Denial rate+19.91 pts vs state
38.3%Decision denial rate+16.37 pts vs state
60.7%Origination rate+0.78 pts vs state
7.85%Median rate+0.97 pts vs state
Rate spread (pts)
Median applicant income
844Loans originated
523Denied

Trend in Ohio

YearApplicationsOriginatedDenial rateMedian rateRank in state
202398860011.9%8.27%#72
20241,33983314.3%8.09%#62
20251,39184437.6%7.85%#66

What RCN Capital lends in Ohio

By loan purpose

Home purchase 594 43% · 38.1% denied
Refinance 170 12% · 33.5% denied
Home improvement 56 4% · 94.6% denied
Other / HELOC 571 41% · 32.8% denied

By loan type

Conventional 1,391 100% · 37.6% denied

Why it denied Ohio applicants

Other 438 84%
Collateral 50 10%
Credit history 31 6%
Insufficient cash 4 1%

Other large lenders in Ohio

LenderGradeApplicationsDenial rateMedian rate
The Huntington National BankD 42,68325.8%7.59%
Rocket MortgageC 23,16518.5%6.63%
Fifth Third BankD 21,93925.6%7.50%
Crosscountry MortgageB 16,0663.1%6.75%
United Shore Financial ServicesB 14,62613.1%6.45%
Third Federal Savings and Loan Association of ClevelandC 12,62223.0%6.74%
PNC BankD 11,60724.6%7.40%
Wright-Patt Credit UnionC 8,79128.1%7.50%
U.S. BankD 8,62338.0%7.60%
Citizens BankC 7,77524.3%7.65%

Frequently asked questions

Ohio: 1,391 applications in 2025, of which 844 were originated and 523 denied.

37.6% of all applications, or 38.3% of the applications it actually decided on. The Ohio statewide average across all lenders was 17.7%.

The median rate on loans RCN Capital originated in Ohio in 2025 was 7.85%, against a statewide median of 6.88%.

About this data. Figures are RCN Capital's own HMDA filing for properties located in Ohio, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology