BayCoast Bank in Rhode Island vs the state
11.3%Denial rate-7.43 pts vs state
12.0%Decision denial rate-11.19 pts vs state
80.4%Origination rate+20.64 pts vs state
7.25%Median rate+0.50 pts vs state
0.04Rate spread (pts)-0.15 pts vs state
$151kMedian applicant income
164Loans originated
23Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 203 | 136 | 19.7% | 7.50% | #39 |
| 2024 | 160 | 117 | 15.6% | 8.50% | #50 |
| 2025 | 204 | 164 | 11.3% | 7.25% | #50 |
What BayCoast Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most BayCoast Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Newport County | 81 | 71 | 8 | 9.9% |
| Providence County | 70 | 51 | 9 | 12.9% |
| Bristol County | 27 | 22 | 3 | 11.1% |
| Kent County | 16 | 12 | 2 | 12.5% |
| Washington County | 10 | 8 | 1 | 10.0% |
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: 204 applications in 2025, of which 164 were originated and 23 denied.
11.3% of all applications, or 12.0% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans BayCoast Bank originated in Rhode Island in 2025 was 7.25%, against a statewide median of 6.75%.
About this data. Figures are BayCoast 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