RCN Capital in Tennessee vs the state
47.5%Denial rate+30.33 pts vs state
48.1%Decision denial rate+26.44 pts vs state
51.2%Origination rate-6.90 pts vs state
7.54%Median rate+0.91 pts vs state
—Rate spread (pts)
—Median applicant income
152Loans originated
141Denied
Trend in Tennessee
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 254 | 127 | 17.7% | 7.79% | #155 |
| 2024 | 276 | 159 | 15.9% | 7.94% | #160 |
| 2025 | 297 | 152 | 47.5% | 7.54% | #165 |
What RCN Capital lends in Tennessee
By loan purpose
By loan type
Why it denied Tennessee applicants
Other large lenders in Tennessee
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,503 | 17.3% | 6.50% |
| United Shore Financial Services | B | 12,458 | 10.9% | 6.12% |
| Regions Bank | C | 11,247 | 36.5% | 4.99% |
| Vanderbilt Mortgage and Finance | F | 9,649 | 35.8% | 8.75% |
| Mortgage Research Center | C | 6,568 | 17.3% | 6.25% |
| FirstBank | C | 5,677 | 14.5% | 6.88% |
| CMG Mortgage | A | 5,643 | 2.9% | 6.50% |
| Freedom Mortgage | B | 5,493 | 8.0% | 6.25% |
| Pennymac Loan Services | C | 5,331 | 11.2% | 6.00% |
| Mortgage Investors Group | B | 4,454 | 3.5% | 6.50% |
Frequently asked questions
Tennessee: 297 applications in 2025, of which 152 were originated and 141 denied.
47.5% of all applications, or 48.1% of the applications it actually decided on. The Tennessee statewide average across all lenders was 17.1%.
The median rate on loans RCN Capital originated in Tennessee in 2025 was 7.54%, against a statewide median of 6.62%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Tennessee, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology