BankNewport in Rhode Island vs the state
19.7%Denial rate+1.02 pts vs state
22.8%Decision denial rate-0.39 pts vs state
64.7%Origination rate+4.94 pts vs state
6.63%Median rate-0.13 pts vs state
-0.10Rate spread (pts)-0.29 pts vs state
$138kMedian applicant income
656Loans originated
200Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 975 | 668 | 18.9% | 6.00% | #7 |
| 2024 | 887 | 623 | 14.7% | 6.99% | #10 |
| 2025 | 1,014 | 656 | 19.7% | 6.63% | #9 |
What BankNewport lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most BankNewport applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Newport County | 360 | 247 | 69 | 19.2% |
| Providence County | 294 | 173 | 75 | 25.5% |
| Kent County | 146 | 90 | 24 | 16.4% |
| Washington County | 126 | 82 | 20 | 15.9% |
| Bristol County | 88 | 64 | 12 | 13.6% |
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% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
| United Shore Financial Services | B | 780 | 18.0% | 6.38% |
Frequently asked questions
Rhode Island: 1,014 applications in 2025, of which 656 were originated and 200 denied.
19.7% of all applications, or 22.8% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans BankNewport originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are BankNewport'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