Newrez in Rhode Island vs the state
19.4%Denial rate+0.74 pts vs state
32.6%Decision denial rate+9.46 pts vs state
39.2%Origination rate-20.57 pts vs state
6.63%Median rate-0.13 pts vs state
0.39Rate spread (pts)+0.21 pts vs state
$106kMedian applicant income
250Loans originated
124Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 353 | 132 | 18.4% | 6.75% | #26 |
| 2024 | 468 | 181 | 22.9% | 6.88% | #23 |
| 2025 | 638 | 250 | 19.4% | 6.63% | #14 |
What Newrez lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 392 | 157 | 85 | 21.7% |
| Kent County | 143 | 65 | 24 | 16.8% |
| Washington County | 63 | 20 | 8 | 12.7% |
| Newport County | 27 | 3 | 5 | 18.5% |
| Bristol County | 13 | 5 | 2 | 15.4% |
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: 638 applications in 2025, of which 250 were originated and 124 denied.
19.4% of all applications, or 32.6% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Newrez originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Newrez'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