Rcn Capital Mortgage Rates, Fees & Info

Vernon, CT

LEI: 254900JXCS783CPF1D02

Tax ID: 27-2811354

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Rcn Capital is a small mortgage company specializing in Other and Home Purchase loans. Rcn Capital has a high proportion of conventional loans.

Rcn Capital has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.27% 4/18/24
30 Year Conventional Refi 6.27% 4/18/24
30 Year Cash-out Refi 6.27% 4/18/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Rcn Capital Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Rcn Capital. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

6,915

Origination Dollar Volume (All Markets)

$1,383,775,000

Relative Rate

Rcn Capital's average 30 year fixed mortgage rate was 7.87%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.39%.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 6,915 $1,383,775,000 $200,112 $0 8.66%
Rcn Capital's top markets include

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,915 $1,383,775,000 $200,112 $0 8.66%

    For 2023, Rcn Capital's most frequently originated type of loan was Conventional, with 6,915 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 3,223 $626,045,000 $194,243 $0 8.07%
    Home Purchase 2,581 $530,195,000 $205,422 $0 9.73%
    Refi 1,111 $227,535,000 $204,802 $0 7.88%

    For 2023, Rcn Capital's most frequently cited loan purpose was Other, with 3,223 originations. The 2nd most popular reason was Home Purchase, with 2,581 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,340 $1,021,970,000 $191,380 $0 7.87%
    1 Year 1,525 $336,905,000 $220,921 $0 11.34%
    Other 50 $24,900,000 $498,000 $0 11.83%

    For 2023, Rcn Capital's most frequently cited loan duration was 30 Year, with 5,340 originations. The 2nd most popular length was 1 Year, with 1,525 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 3,669 $755,585,000 $205,938
    7-8% 2,747 $525,285,000 $191,221
    6-7% 484 $99,460,000 $205,496
    % 11 $2,655,000 $241,364
    5-6% 4 $790,000 $197,500

    During 2023, Rcn Capital's average interest rate for loans was 7.87%, while their most frequently originated rate bucket for loans was Over 8%, with 3,669 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 3,702 $533,510,000 $144,114 $0 8.46%
    $200k-400k 1,680 $448,480,000 $266,952 $0 8.85%
    $100,000 or less 1,057 $89,645,000 $84,811 $0 8.85%
    $400k-600k 300 $142,200,000 $474,000 $0 9.05%
    $600k-1MM 118 $88,330,000 $748,559 $0 9.27%
    $1MM+ 58 $81,610,000 $1,407,069 $0 9.03%

    2023 saw Rcn Capital place emphasis on $100k-200k loans with 3,702 originations, totaling $533,510,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 6,915 $1,383,775,000 $200,112 $0 8.66%

    Approval Rates

    Total approvals of all applications
    86.30%

    Rcn Capital has an average approval rate.

    Pick Rate

    Approvals leading to origination
    45.31%

    Rcn Capital has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,915 $1,383,775,000 $200,112

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,915 $1,383,775,000 $200,112

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $7,910,000 $232,647 $0 7.98%
    40-60% 442 $79,260,000 $179,321 $0 8.13%
    60-80% 3,534 $628,310,000 $177,790 $0 8.12%
    80-100% 726 $148,560,000 $204,628 $0 10.29%
    Over 100% 849 $232,715,000 $274,105 $0 10.87%