Broker Solutions in Rhode Island vs the state
6.1%Denial rate-12.57 pts vs state
15.3%Decision denial rate-7.86 pts vs state
33.3%Origination rate-26.42 pts vs state
6.63%Median rate-0.13 pts vs state
0.57Rate spread (pts)+0.38 pts vs state
$101kMedian applicant income
174Loans originated
32Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 158 | 36 | 11.4% | 6.75% | #44 |
| 2024 | 392 | 140 | 19.6% | 6.63% | #25 |
| 2025 | 522 | 174 | 6.1% | 6.63% | #23 |
What Broker Solutions lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Broker Solutions applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 288 | 96 | 19 | 6.6% |
| Kent County | 125 | 43 | 8 | 6.4% |
| Washington County | 71 | 24 | 3 | 4.2% |
| Newport County | 21 | 2 | 1 | 4.8% |
| Bristol County | 17 | 9 | 1 | 5.9% |
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: 522 applications in 2025, of which 174 were originated and 32 denied.
6.1% of all applications, or 15.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Broker Solutions originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Broker Solutions'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