Digital in Rhode Island vs the state
26.9%Denial rate+8.18 pts vs state
37.3%Decision denial rate+14.14 pts vs state
44.1%Origination rate-15.66 pts vs state
7.74%Median rate+0.99 pts vs state
1.09Rate spread (pts)+0.91 pts vs state
$141kMedian applicant income
41Loans originated
25Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 99 | 34 | 39.4% | 6.93% | #59 |
| 2024 | 96 | 37 | 34.4% | 7.50% | #64 |
| 2025 | 93 | 41 | 26.9% | 7.74% | #73 |
What Digital lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Digital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 64 | 30 | 17 | 26.6% |
| Kent County | 16 | 6 | 4 | 25.0% |
| Bristol County | 8 | 2 | 2 | 25.0% |
| Washington County | 4 | 2 | 2 | 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: 93 applications in 2025, of which 41 were originated and 25 denied.
26.9% of all applications, or 37.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Digital originated in Rhode Island in 2025 was 7.74%, against a statewide median of 6.75%.
About this data. Figures are Digital'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