Harborone Mortgage · Rhode Island · 2025

Harborone Mortgage in Rhode Island: approval rate, denial rate and rates (2025)

Harborone Mortgage took 221 mortgage applications in Rhode Island in 2025, ranking #46 of 453 lenders active in the state. It originated 72.0% of them and denied 4.1% (5.3% of the applications it decided), against a statewide denial rate of 18.7%.

221Applicationsin RI
5.3%Decision denial ratestate 23.2%
6.63%Median ratestate 6.75%
$365,000Median loanstate $255,000
$71MVolume5 counties

Harborone Mortgage in Rhode Island vs the state

4.1%Denial rate-14.63 pts vs state
5.3%Decision denial rate-17.84 pts vs state
72.0%Origination rate+12.20 pts vs state
6.63%Median rate-0.13 pts vs state
0.12Rate spread (pts)-0.07 pts vs state
$135kMedian applicant income
159Loans originated
9Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
202317812610.1%6.75%#41
20241651178.5%6.88%#49
20252211594.1%6.63%#46

What Harborone Mortgage lends in Rhode Island

By loan purpose

Home purchase 168 76% · 3.0% denied
Refinance 20 9% · 5.0% denied
Cash-out refinance 30 14% · 10.0% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 199 90% · 2.0% denied
FHA 19 9% · 26.3% denied
VA 3 1% · 0.0% denied

Why it denied Rhode Island applicants

Collateral 2 22%
Debt-to-income ratio 2 22%
Incomplete application 1 11%
Insufficient cash 1 11%
Other 1 11%
Unverifiable information 1 11%
Credit history 1 11%

Where in Rhode Island

Counties with the most Harborone Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 78614 5.1%
Providence County 77514 5.2%
Washington County 48361 2.1%
Newport County 1060 0.0%
Bristol County 850 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: 221 applications in 2025, of which 159 were originated and 9 denied.

4.1% of all applications, or 5.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Harborone Mortgage originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Harborone 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