Pentagon Federal Credit Union · Rhode Island · 2025

Pentagon Federal Credit Union in Rhode Island: approval rate, denial rate and rates (2025)

Pentagon Federal Credit Union took 51 mortgage applications in Rhode Island in 2025, ranking #95 of 453 lenders active in the state. It originated 47.1% of them and denied 35.3% (42.9% of the applications it decided), against a statewide denial rate of 18.7%.

51Applicationsin RI
42.9%Decision denial ratestate 23.2%
7.63%Median ratestate 6.75%
$205,000Median loanstate $255,000
$5.9MVolume5 counties

Pentagon Federal Credit Union in Rhode Island vs the state

35.3%Denial rate+16.59 pts vs state
42.9%Decision denial rate+19.69 pts vs state
47.1%Origination rate-12.69 pts vs state
7.63%Median rate+0.88 pts vs state
0.56Rate spread (pts)+0.38 pts vs state
$150kMedian applicant income
24Loans originated
18Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023752054.7%9.06%#72
2024541742.6%7.63%#84
2025512435.3%7.63%#95

What Pentagon Federal Credit Union lends in Rhode Island

By loan purpose

Home purchase 9 18% · 22.2% denied
Refinance 14 27% · 50.0% denied
Cash-out refinance 3 6% · 33.3% denied
Home improvement 19 37% · 31.6% denied
Other / HELOC 6 12% · 33.3% denied

By loan type

Conventional 46 90% · 34.8% denied
FHA 1 2% · 0.0% denied
VA 4 8% · 50.0% denied

Why it denied Rhode Island applicants

Debt-to-income ratio 11 61%
Other 3 17%
Collateral 2 11%
Employment history 1 6%
Unverifiable information 1 6%

Where in Rhode Island

Counties with the most Pentagon Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 291212 41.4%
Newport County 1052 20.0%
Washington County 843 37.5%
Kent County 211 50.0%
Bristol County 220 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: 51 applications in 2025, of which 24 were originated and 18 denied.

35.3% of all applications, or 42.9% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Pentagon Federal Credit Union originated in Rhode Island in 2025 was 7.63%, against a statewide median of 6.75%.

About this data. Figures are Pentagon Federal Credit Union'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