Freedom Mortgage in Rhode Island vs the state
7.7%Denial rate-10.99 pts vs state
15.2%Decision denial rate-8.02 pts vs state
36.1%Origination rate-23.62 pts vs state
6.25%Median rate-0.50 pts vs state
0.28Rate spread (pts)+0.10 pts vs state
$108kMedian applicant income
211Loans originated
45Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 141 | 60 | 11.4% | 6.75% | #48 |
| 2024 | 339 | 124 | 10.3% | 6.50% | #29 |
| 2025 | 584 | 211 | 7.7% | 6.25% | #15 |
What Freedom Mortgage lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Freedom Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 368 | 128 | 29 | 7.9% |
| Kent County | 121 | 45 | 12 | 9.9% |
| Washington County | 40 | 15 | 4 | 10.0% |
| Newport County | 31 | 16 | 0 | 0.0% |
| Bristol County | 24 | 7 | 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: 584 applications in 2025, of which 211 were originated and 45 denied.
7.7% of all applications, or 15.2% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Freedom Mortgage originated in Rhode Island in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Freedom Mortgage'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