PNC Bank in Rhode Island vs the state
32.7%Denial rate+14.03 pts vs state
46.8%Decision denial rate+23.58 pts vs state
37.3%Origination rate-22.48 pts vs state
6.74%Median rate-0.01 pts vs state
-0.20Rate spread (pts)-0.39 pts vs state
$140kMedian applicant income
41Loans originated
36Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 88 | 51 | 26.1% | 7.51% | #66 |
| 2024 | 85 | 35 | 34.1% | 7.63% | #69 |
| 2025 | 110 | 41 | 32.7% | 6.74% | #65 |
What PNC Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 55 | 18 | 20 | 36.4% |
| Newport County | 23 | 11 | 7 | 30.4% |
| Washington County | 16 | 5 | 3 | 18.8% |
| Kent County | 15 | 6 | 6 | 40.0% |
| Bristol County | 1 | 1 | 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: 110 applications in 2025, of which 41 were originated and 36 denied.
32.7% of all applications, or 46.8% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans PNC Bank originated in Rhode Island in 2025 was 6.74%, against a statewide median of 6.75%.
About this data. Figures are PNC Bank'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