Dean Co-operative Bank · Rhode Island · 2025

Dean Co-operative Bank in Rhode Island: approval rate, denial rate and rates (2025)

Dean Co-operative Bank took 24 mortgage applications in Rhode Island in 2025, ranking #140 of 453 lenders active in the state. It originated 54.2% of them and denied 25.0% (27.3% of the applications it decided), against a statewide denial rate of 18.7%.

24Applicationsin RI
27.3%Decision denial ratestate 23.2%
Median ratestate 6.75%
$270,000Median loanstate $255,000
$5.9MVolume3 counties

Dean Co-operative Bank in Rhode Island vs the state

25.0%Denial rate+6.30 pts vs state
27.3%Decision denial rate+4.10 pts vs state
54.2%Origination rate-5.58 pts vs state
Median rate
Rate spread (pts)
$106kMedian applicant income
13Loans originated
6Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023382618.4%#97
202430206.7%#112
2025241325.0%#140

What Dean Co-operative Bank lends in Rhode Island

By loan purpose

Home purchase 5 21% · 20.0% denied
Refinance 1 4% · 0.0% denied
Cash-out refinance 9 38% · 11.1% denied
Home improvement 6 25% · 50.0% denied
Other / HELOC 3 13% · 33.3% denied

By loan type

Conventional 24 100% · 25.0% denied

Where in Rhode Island

Counties with the most Dean Co-operative Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 22135 22.7%
Bristol County 101 100.0%
Kent County 100 0.0%

Other large lenders in Rhode Island

LenderGradeApplicationsDenial rateMedian rate
Citizens BankC 6,32927.8%7.40%
Navigant Credit UnionB 2,84716.1%6.50%
COASTAL1 Credit UnionB 1,93124.3%6.75%
The Washington Trust Company, of WesterlyC 1,75521.9%6.38%
Rocket MortgageC 1,43019.7%6.75%
Movement MortgageA 1,3083.6%6.63%
Bank of AmericaF 1,29839.1%6.24%
Primary Residential MortgageC 1,0568.4%6.63%
BankNewportB 1,01419.7%6.63%
CMG MortgageA 9927.6%6.63%

Frequently asked questions

Rhode Island: 24 applications in 2025, of which 13 were originated and 6 denied.

25.0% of all applications, or 27.3% 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 Dean Co-operative 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