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RCN Capital, LLC in Pennsylvania

HMDA record for properties in Pennsylvania, calendar year 2024. National record · Pennsylvania overview

LEI 254900JXCS783CPF1D02
Reporting agency Department of Housing and Urban Development
State Pennsylvania

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

In Pennsylvania, RCN Capital, LLC reported 941 applications and 612 originations for 2024, $133m in all.

Its denial rate in the state was 18.2%, below the Pennsylvania rate of 24.2% across all lenders and compared with the lender's national rate of 20.1%.

Applications in the state were down 15% on 2023.

941applications in PA, 20247.2% of the lender's total
612loans originated$133m
18.2%denial ratePA all lenders 24.2%
—median rate spreadPA 0.3 pp

Compared with the state and the lender's national record

MeasureIn PennsylvaniaPennsylvania, all lendersRCN Capital, LLC, all statesUnited States
Denial rate18.2%24.2%20.1%24.3%
Median rate spread, pp—0.3—0.3
Originations with spread of 1.5 pp or more—14.1%—15.6%
Average originated loan$218k$226k$214k$329k
Home purchase share46.1%48.7%38.5%57.0%
FHA-insured share0.0%9.8%0.0%13.4%
VA-guaranteed share0.0%4.0%0.0%7.9%

Trend by year

ApplicationsOriginations

0608.51,2172022: 1,217 Applications2023: 1,113 Applications2024: 941 Applications2022: 756 Originations2023: 713 Originations2024: 612 Originations202220232024
RCN Capital, LLC in Pennsylvania: applications and originations, 2022–2024

This lender in statePennsylvania, all lenders

0%12.4%24.9%2022: 10.6% This lender in state2023: 14.5% This lender in state2024: 18.2% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Pennsylvania

By purpose

Home purchase 46% (282)Refinancing 8% (47)Other purpose 46% (283)

By type

Conventional 100% (612)

Denial reasons as coded

Other46.3%
Collateral33.1%
Credit history18.4%
Insufficient cash (downpayment, closing costs)2.2%
Debt-to-income ratio0%
Employment history0%
Unverifiable information0%
Credit application incomplete0%
Mortgage insurance denied0%

Share of 136 denials in Pennsylvania by first denial reason coded (outlined bar: all lenders in the state).

Counties in Pennsylvania

No county in the state reaches 25 applications.

Questions and answers

How many mortgages did RCN Capital, LLC originate in Pennsylvania in 2024?

612 loans totalling $133m, from 941 applications reported for properties in Pennsylvania.

What is RCN Capital, LLC's denial rate in Pennsylvania?

18.2% of decided applications in Pennsylvania were denied, against 24.2% for all lenders in the state and 20.1% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which Pennsylvania counties does RCN Capital, LLC lend in most?

No county in the state reaches 25 applications.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Pennsylvania. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.