RCN Capital in Pennsylvania vs the state
40.2%Denial rate+21.94 pts vs state
40.7%Decision denial rate+18.44 pts vs state
58.7%Origination rate-2.22 pts vs state
7.98%Median rate+1.35 pts vs state
—Rate spread (pts)
—Median applicant income
568Loans originated
389Denied
Trend in Pennsylvania
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,113 | 713 | 10.9% | 8.14% | #70 |
| 2024 | 941 | 612 | 14.5% | 8.37% | #83 |
| 2025 | 967 | 568 | 40.2% | 7.98% | #90 |
What RCN Capital lends in Pennsylvania
By loan purpose
By loan type
Why it denied Pennsylvania applicants
Other large lenders in Pennsylvania
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 22,411 | 18.6% | 6.75% |
| Citizens Bank | C | 18,256 | 28.1% | 7.65% |
| PNC Bank | D | 18,031 | 20.6% | 6.88% |
| United Shore Financial Services | B | 13,178 | 13.4% | 6.47% |
| Crosscountry Mortgage | B | 11,615 | 3.3% | 6.63% |
| Members 1st | B | 10,863 | 30.9% | 1.99% |
| First National Bank of Pennsylvania | B | 9,542 | 27.8% | 6.49% |
| Police & Fire | C | 8,460 | 34.6% | 6.25% |
| PENNSYLVANIA STATE EMPLOYEES Credit Union | C | 8,308 | 13.7% | 6.64% |
| Pennymac Loan Services | C | 7,900 | 12.6% | 6.50% |
Frequently asked questions
Pennsylvania: 967 applications in 2025, of which 568 were originated and 389 denied.
40.2% of all applications, or 40.7% of the applications it actually decided on. The Pennsylvania statewide average across all lenders was 18.3%.
The median rate on loans RCN Capital originated in Pennsylvania in 2025 was 7.98%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Pennsylvania, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology