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:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Rcn Capital is a smaller mortgage company specializing in Home Improvement and Other 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% 11/21/24
    30 Year Conventional Refi 6.27% 11/21/24
    30 Year Cash-out Refi 6.27% 11/21/24
    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

    2,439

    Origination Dollar Volume (All Markets)

    $533,165,000

    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 2,439 $533,165,000 $218,600 $0 7.90%
    Rcn Capital's top markets include

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,439 $533,165,000 $218,600 $0 7.90%

    For 2020, Rcn Capital's most frequently originated type of loan was Conventional, with 2,439 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 974 $222,970,000 $228,922 $0 9.71%
    Other 575 $121,905,000 $212,009 $0 6.81%
    Home Purchase 355 $64,915,000 $182,859 $0 7.07%
    Cash Out Refi 284 $64,060,000 $225,563 $0 6.30%
    Refi 251 $59,315,000 $236,315 $0 6.35%

    For 2020, Rcn Capital's most frequently cited loan purpose was Home Improvement, with 974 originations. The 2nd most popular reason was Other, with 575 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,231 $244,255,000 $198,420 $0 6.13%
    1 Year 1,161 $272,525,000 $234,733 $0 9.71%
    Other 45 $15,975,000 $355,000 $0 9.76%
    30+ year 2 $410,000 $205,000 $0 6.24%

    For 2020, Rcn Capital's most frequently cited loan duration was 30 Year, with 1,231 originations. The 2nd most popular length was 1 Year, with 1,161 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,125 $256,645,000 $228,129
    6-7% 712 $140,010,000 $196,643
    5-6% 354 $69,560,000 $196,497
    7-8% 155 $44,035,000 $284,097
    4-5% 85 $19,685,000 $231,588
    <2.5% 8 $3,230,000 $403,750

    During 2020, Rcn Capital's average interest rate for loans was 6.13%, while their most frequently originated rate bucket for loans was Over 8%, with 1,125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,172 $164,900,000 $140,700 $0 7.77%
    $200k-400k 582 $158,140,000 $271,718 $0 8.20%
    $100,000 or less 460 $37,920,000 $82,435 $0 7.91%
    $400k-600k 126 $60,200,000 $477,778 $0 7.96%
    $600k-1MM 63 $47,315,000 $751,032 $0 7.68%
    $1MM+ 36 $64,690,000 $1,796,944 $0 7.29%

    2020 saw Rcn Capital place emphasis on $100k-200k loans with 1,172 originations, totaling $164,900,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 2,439 $533,165,000 $218,600 $0 7.90%

    Approval Rates

    Total approvals of all applications
    82.81%

    Rcn Capital has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    2.34%

    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 2,439 $533,165,000 $218,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 2,439 $533,165,000 $218,600

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $6,040,000 $1,006,667 $0 7.48%
    40-60% 92 $17,000,000 $184,783 $0 8.10%
    60-80% 659 $130,665,000 $198,278 $0 7.13%
    80-100% 360 $80,750,000 $224,306 $0 9.20%
    Over 100% 509 $139,315,000 $273,703 $0 9.41%
    Under 20% 3 $545,000 $181,667 $0 8.74%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    REGIONS FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 5.1%
    REGIONS FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 6 10.2%
    REGIONS FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 1.7%
    REGIONS FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 3 5.1%
    REGIONS FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 15 25.4%
    REGIONS FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 3.4%
    REGIONS FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 1 1.7%
    REGIONS FINANCIAL CORPORATION FHA mortgage Trouble during payment process 3 5.1%
    REGIONS FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 7 11.9%
    REGIONS FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 2 3.4%
    REGIONS FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.7%
    REGIONS FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 1.7%
    REGIONS FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 8 13.6%
    REGIONS FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.7%
    REGIONS FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 1 1.7%
    REGIONS FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 2 3.4%
    REGIONS FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 2 3.4%