Homebridge Financial Services · Rhode Island · 2025

Homebridge Financial Services in Rhode Island: approval rate, denial rate and rates (2025)

Homebridge Financial Services took 81 mortgage applications in Rhode Island in 2025, ranking #76 of 453 lenders active in the state. It originated 81.5% of them and denied 12.4% (13.2% of the applications it decided), against a statewide denial rate of 18.7%.

81Applicationsin RI
13.2%Decision denial ratestate 23.2%
10.17%Median ratestate 6.75%
$135,000Median loanstate $255,000
$12MVolume5 counties

Homebridge Financial Services in Rhode Island vs the state

12.4%Denial rate-6.35 pts vs state
13.2%Decision denial rate-10.01 pts vs state
81.5%Origination rate+21.73 pts vs state
10.17%Median rate+3.42 pts vs state
0.12Rate spread (pts)-0.07 pts vs state
$130kMedian applicant income
66Loans originated
10Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023391938.5%6.75%#95
2024463110.9%8.38%#90
2025816612.4%10.17%#76

What Homebridge Financial Services lends in Rhode Island

By loan purpose

Home purchase 6 7% · 0.0% denied
Refinance 10 12% · 40.0% denied
Cash-out refinance 2 2% · 100.0% denied
Home improvement 28 35% · 3.6% denied
Other / HELOC 35 43% · 8.6% denied

By loan type

Conventional 73 90% · 11.0% denied
FHA 6 7% · 33.3% denied
VA 2 2% · 0.0% denied

Why it denied Rhode Island applicants

Unverifiable information 4 40%
Collateral 2 20%
Credit history 1 10%
Debt-to-income ratio 1 10%
Insufficient cash 1 10%
Other 1 10%

Where in Rhode Island

Counties with the most Homebridge Financial Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 49386 12.2%
Kent County 17152 11.8%
Washington County 1192 18.2%
Bristol County 330 0.0%
Newport County 110 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: 81 applications in 2025, of which 66 were originated and 10 denied.

12.4% of all applications, or 13.2% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Homebridge Financial Services originated in Rhode Island in 2025 was 10.17%, against a statewide median of 6.75%.

About this data. Figures are Homebridge Financial Services'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