RCN Capital in Virginia vs the state
52.4%Denial rate+36.46 pts vs state
54.1%Decision denial rate+33.80 pts vs state
44.5%Origination rate-14.98 pts vs state
7.70%Median rate+1.07 pts vs state
—Rate spread (pts)
—Median applicant income
102Loans originated
120Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 286 | 167 | 8.7% | 7.78% | #153 |
| 2024 | 259 | 153 | 17.4% | 7.60% | #175 |
| 2025 | 229 | 102 | 52.4% | 7.70% | #194 |
What RCN Capital lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 229 applications in 2025, of which 102 were originated and 120 denied.
52.4% of all applications, or 54.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans RCN Capital originated in Virginia in 2025 was 7.70%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology