Primary Residential Mortgage in Rhode Island vs the state
8.4%Denial rate-10.27 pts vs state
11.4%Decision denial rate-11.75 pts vs state
65.3%Origination rate+5.59 pts vs state
6.63%Median rate-0.13 pts vs state
0.54Rate spread (pts)+0.35 pts vs state
$102kMedian applicant income
690Loans originated
89Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 601 | 370 | 6.2% | 6.88% | #12 |
| 2024 | 946 | 599 | 8.4% | 6.50% | #9 |
| 2025 | 1,056 | 690 | 8.4% | 6.63% | #8 |
What Primary Residential Mortgage lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most Primary Residential Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 783 | 497 | 77 | 9.8% |
| Kent County | 221 | 154 | 11 | 5.0% |
| Washington County | 35 | 30 | 0 | 0.0% |
| Newport County | 12 | 4 | 1 | 8.3% |
| Bristol County | 5 | 5 | 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% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
| United Shore Financial Services | B | 780 | 18.0% | 6.38% |
Frequently asked questions
Rhode Island: 1,056 applications in 2025, of which 690 were originated and 89 denied.
8.4% of all applications, or 11.4% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Primary Residential Mortgage originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.
About this data. Figures are Primary Residential Mortgage'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