Bangor Savings Bank · Rhode Island · 2025

Bangor Savings Bank in Rhode Island: approval rate, denial rate and rates (2025)

Bangor Savings Bank took 5 mortgage applications in Rhode Island in 2025, ranking #238 of 453 lenders active in the state. It originated 40.0% of them and denied 20.0% (33.3% of the applications it decided), against a statewide denial rate of 18.7%.

5Applicationsin RI
33.3%Decision denial ratestate 23.2%
6.81%Median ratestate 6.75%
$515,000Median loanstate $255,000
$1.3MVolume2 counties

Bangor Savings Bank in Rhode Island vs the state

20.0%Denial rate+1.30 pts vs state
33.3%Decision denial rate+10.16 pts vs state
40.0%Origination rate-19.75 pts vs state
6.81%Median rate+0.06 pts vs state
0.63Rate spread (pts)+0.45 pts vs state
$214kMedian applicant income
2Loans originated
1Denied

What Bangor Savings Bank lends in Rhode Island

By loan purpose

Home purchase 2 40% · 0.0% denied
Refinance 1 20% · 0.0% denied
Home improvement 1 20% · 0.0% denied
Other / HELOC 1 20% · 100.0% denied

By loan type

Conventional 4 80% · 25.0% denied
FHA 1 20% · 0.0% denied

Why it denied Rhode Island applicants

Credit history 1 100%

Where in Rhode Island

Counties with the most Bangor Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 311 33.3%
Providence County 210 0.0%

Other large lenders in Rhode Island

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 6,32927.8%7.40%
Navigant Credit UnionB 2,84716.1%6.50%
COASTAL1 Credit UnionB 1,93124.3%6.75%
The Washington Trust Company, of WesterlyC 1,75521.9%6.38%
Rocket MortgageC 1,43019.7%6.75%
Movement MortgageA 1,3083.6%6.63%
Bank of AmericaF 1,29839.1%6.24%
Primary Residential MortgageC 1,0568.4%6.63%
BankNewportB 1,01419.7%6.63%
CMG MortgageA 9927.6%6.63%

Frequently asked questions

Rhode Island: 5 applications in 2025, of which 2 were originated and 1 denied.

20.0% of all applications, or 33.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Bangor Savings Bank originated in Rhode Island in 2025 was 6.81%, against a statewide median of 6.75%.

About this data. Figures are Bangor Savings Bank's own HMDA filing for properties located in Rhode Island, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology