RCN Capital in Texas vs the state
63.4%Denial rate+43.92 pts vs state
64.3%Decision denial rate+39.37 pts vs state
35.2%Origination rate-19.65 pts vs state
7.57%Median rate+1.07 pts vs state
—Rate spread (pts)
—Median applicant income
248Loans originated
446Denied
Trend in Texas
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 822 | 364 | 17.6% | 7.68% | #183 |
| 2024 | 653 | 315 | 19.8% | 7.83% | #215 |
| 2025 | 704 | 248 | 63.4% | 7.57% | #212 |
What RCN Capital lends in Texas
By loan purpose
By loan type
Why it denied Texas applicants
Other large lenders in Texas
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 56,491 | 11.0% | 6.25% |
| Rocket Mortgage | C | 45,658 | 22.4% | 6.63% |
| 21st Mortgage | F | 37,961 | 45.9% | 9.94% |
| Dhi Mortgage Company | B | 26,348 | 13.5% | 4.50% |
| Lennar Mortgage | A | 21,959 | 20.5% | 4.50% |
| Bank of America | F | 18,008 | 43.0% | 6.24% |
| JPMorgan Chase Bank | B | 16,260 | 9.8% | 6.45% |
| CMG Mortgage | A | 15,978 | 3.9% | 6.50% |
| Vanderbilt Mortgage and Finance | F | 15,683 | 44.7% | 10.50% |
| Triad Financial Services | D | 15,158 | 50.0% | 9.35% |
Frequently asked questions
Texas: 704 applications in 2025, of which 248 were originated and 446 denied.
63.4% of all applications, or 64.3% of the applications it actually decided on. The Texas statewide average across all lenders was 19.4%.
The median rate on loans RCN Capital originated in Texas in 2025 was 7.57%, against a statewide median of 6.50%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Texas, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology