Cornerstone Bank in Rhode Island vs the state
9.1%Denial rate-9.61 pts vs state
11.1%Decision denial rate-12.06 pts vs state
72.7%Origination rate+12.98 pts vs state
—Median rate
—Rate spread (pts)
$150kMedian applicant income
8Loans originated
1Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 11 | 8 | 18.2% | 6.75% | #168 |
| 2024 | 10 | 4 | 40.0% | 7.19% | #181 |
| 2025 | 11 | 8 | 9.1% | — | #186 |
What Cornerstone Bank lends in Rhode Island
By loan purpose
By loan type
Where in Rhode Island
Counties with the most Cornerstone Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 6 | 4 | 0 | 0.0% |
| Washington County | 2 | 2 | 0 | 0.0% |
| Bristol County | 2 | 1 | 1 | 50.0% |
| Newport County | 1 | 1 | 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: 11 applications in 2025, of which 8 were originated and 1 denied.
9.1% of all applications, or 11.1% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Cornerstone 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