Manufacturers and Traders Trust in Rhode Island vs the state
18.0%Denial rate-0.75 pts vs state
22.6%Decision denial rate-0.59 pts vs state
59.0%Origination rate-0.78 pts vs state
6.00%Median rate-0.75 pts vs state
0.02Rate spread (pts)-0.16 pts vs state
$196kMedian applicant income
23Loans originated
7Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 20 | 8 | 45.0% | 6.38% | #134 |
| 2024 | 31 | 19 | 19.4% | 6.50% | #110 |
| 2025 | 39 | 23 | 18.0% | 6.00% | #106 |
What Manufacturers and Traders Trust lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Manufacturers and Traders Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 23 | 13 | 4 | 17.4% |
| Newport County | 5 | 3 | 0 | 0.0% |
| Washington County | 5 | 3 | 2 | 40.0% |
| Kent County | 4 | 2 | 1 | 25.0% |
| Bristol County | 2 | 2 | 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: 39 applications in 2025, of which 23 were originated and 7 denied.
18.0% of all applications, or 22.6% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Manufacturers and Traders Trust originated in Rhode Island in 2025 was 6.00%, against a statewide median of 6.75%.
About this data. Figures are Manufacturers and Traders Trust'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