Better Mortgage in Rhode Island vs the state
27.3%Denial rate+8.63 pts vs state
49.4%Decision denial rate+26.27 pts vs state
26.7%Origination rate-33.04 pts vs state
9.13%Median rate+2.38 pts vs state
2.58Rate spread (pts)+2.40 pts vs state
$150kMedian applicant income
43Loans originated
44Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22 | 11 | 4.6% | 6.13% | #130 |
| 2024 | 42 | 18 | 9.5% | 6.50% | #94 |
| 2025 | 161 | 43 | 27.3% | 9.13% | #58 |
What Better Mortgage lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 90 | 23 | 31 | 34.4% |
| Kent County | 26 | 5 | 6 | 23.1% |
| Newport County | 23 | 8 | 3 | 13.0% |
| Washington County | 17 | 4 | 4 | 23.5% |
| Bristol County | 5 | 3 | 0 | 0.0% |
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: 161 applications in 2025, of which 43 were originated and 44 denied.
27.3% of all applications, or 49.4% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Better Mortgage originated in Rhode Island in 2025 was 9.13%, against a statewide median of 6.75%.
About this data. Figures are Better Mortgage'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