Mortgage Research Center in Rhode Island vs the state
22.3%Denial rate+3.58 pts vs state
31.5%Decision denial rate+8.37 pts vs state
47.8%Origination rate-11.92 pts vs state
6.25%Median rate-0.50 pts vs state
-0.28Rate spread (pts)-0.47 pts vs state
$113kMedian applicant income
176Loans originated
82Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 224 | 92 | 23.7% | 6.63% | #37 |
| 2024 | 284 | 120 | 20.4% | 6.44% | #35 |
| 2025 | 368 | 176 | 22.3% | 6.25% | #27 |
What Mortgage Research Center lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 186 | 84 | 50 | 26.9% |
| Kent County | 107 | 55 | 17 | 15.9% |
| Newport County | 31 | 18 | 6 | 19.4% |
| Washington County | 30 | 14 | 5 | 16.7% |
| Bristol County | 14 | 5 | 4 | 28.6% |
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: 368 applications in 2025, of which 176 were originated and 82 denied.
22.3% of all applications, or 31.5% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Mortgage Research Center originated in Rhode Island in 2025 was 6.25%, against a statewide median of 6.75%.
About this data. Figures are Mortgage Research Center'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