RCN Capital in Washington vs the state
74.0%Denial rate+58.35 pts vs state
75.5%Decision denial rate+55.97 pts vs state
24.0%Origination rate-37.06 pts vs state
7.64%Median rate+1.02 pts vs state
—Rate spread (pts)
—Median applicant income
12Loans originated
37Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 38 | 10 | 18.4% | 7.23% | #311 |
| 2024 | 38 | 14 | 29.0% | 7.07% | #308 |
| 2025 | 50 | 12 | 74.0% | 7.64% | #295 |
What RCN Capital lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 50 applications in 2025, of which 12 were originated and 37 denied.
74.0% of all applications, or 75.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans RCN Capital originated in Washington in 2025 was 7.64%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital's own HMDA filing for properties located in Washington, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology