OCMBC in Rhode Island vs the state
5.3%Denial rate-13.39 pts vs state
8.0%Decision denial rate-15.17 pts vs state
53.1%Origination rate-6.65 pts vs state
7.50%Median rate+0.75 pts vs state
0.69Rate spread (pts)+0.51 pts vs state
$121kMedian applicant income
60Loans originated
6Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 53 | 26 | 20.8% | 8.69% | #86 |
| 2024 | 65 | 30 | 7.7% | 8.19% | #77 |
| 2025 | 113 | 60 | 5.3% | 7.50% | #64 |
What OCMBC lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most OCMBC applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 89 | 49 | 6 | 6.7% |
| Kent County | 17 | 9 | 0 | 0.0% |
| Newport County | 3 | 1 | 0 | 0.0% |
| Bristol County | 3 | 1 | 0 | 0.0% |
| Washington County | 1 | 0 | 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: 113 applications in 2025, of which 60 were originated and 6 denied.
5.3% of all applications, or 8.0% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans OCMBC originated in Rhode Island in 2025 was 7.50%, against a statewide median of 6.75%.
About this data. Figures are OCMBC'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