Bank Rhode Island in Rhode Island vs the state
26.4%Denial rate+7.65 pts vs state
30.5%Decision denial rate+7.37 pts vs state
59.6%Origination rate-0.18 pts vs state
7.25%Median rate+0.50 pts vs state
-0.01Rate spread (pts)-0.20 pts vs state
$130kMedian applicant income
165Loans originated
73Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 522 | 310 | 25.7% | 7.63% | #15 |
| 2024 | 494 | 301 | 24.9% | 7.75% | #22 |
| 2025 | 277 | 165 | 26.4% | 7.25% | #38 |
What Bank Rhode Island lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Bank Rhode Island applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 155 | 92 | 42 | 27.1% |
| Kent County | 57 | 32 | 15 | 26.3% |
| Washington County | 41 | 29 | 8 | 19.5% |
| Newport County | 18 | 8 | 7 | 38.9% |
| Bristol County | 6 | 4 | 1 | 16.7% |
Other large lenders in Rhode Island
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Citizens Bank | C | 6,329 | 27.8% | 7.40% |
| Navigant Credit Union | B | 2,847 | 16.1% | 6.50% |
| COASTAL1 Credit Union | B | 1,931 | 24.3% | 6.75% |
| The Washington Trust Company, of Westerly | C | 1,755 | 21.9% | 6.38% |
| Rocket Mortgage | C | 1,430 | 19.7% | 6.75% |
| Movement Mortgage | A | 1,308 | 3.6% | 6.63% |
| Bank of America | F | 1,298 | 39.1% | 6.24% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 277 applications in 2025, of which 165 were originated and 73 denied.
26.4% of all applications, or 30.5% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Bank Rhode Island originated in Rhode Island in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are Bank Rhode Island'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