Figure Lending in Rhode Island vs the state
33.8%Denial rate+15.11 pts vs state
36.4%Decision denial rate+13.24 pts vs state
38.6%Origination rate-21.18 pts vs state
10.40%Median rate+3.65 pts vs state
4.02Rate spread (pts)+3.83 pts vs state
$111kMedian applicant income
81Loans originated
71Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 74 | 29 | 39.2% | 11.52% | #73 |
| 2024 | 116 | 44 | 36.2% | 11.65% | #58 |
| 2025 | 210 | 81 | 33.8% | 10.40% | #48 |
What Figure Lending lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 122 | 45 | 43 | 35.2% |
| Kent County | 42 | 17 | 14 | 33.3% |
| Newport County | 24 | 10 | 6 | 25.0% |
| Washington County | 15 | 8 | 4 | 26.7% |
| Bristol County | 7 | 1 | 4 | 57.1% |
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: 210 applications in 2025, of which 81 were originated and 71 denied.
33.8% of all applications, or 36.4% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Figure Lending originated in Rhode Island in 2025 was 10.40%, against a statewide median of 6.75%.
About this data. Figures are Figure Lending'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