Primelending, a Plainscapital · Rhode Island · 2025

Primelending, a Plainscapital in Rhode Island: approval rate, denial rate and rates (2025)

Primelending, a Plainscapital took 93 mortgage applications in Rhode Island in 2025, ranking #72 of 453 lenders active in the state. It originated 72.0% of them and denied 11.8% (13.9% of the applications it decided), against a statewide denial rate of 18.7%.

93Applicationsin RI
13.9%Decision denial ratestate 23.2%
6.63%Median ratestate 6.75%
$415,000Median loanstate $255,000
$26MVolume5 counties

Primelending, a Plainscapital in Rhode Island vs the state

11.8%Denial rate-6.87 pts vs state
13.9%Decision denial rate-9.25 pts vs state
72.0%Origination rate+12.29 pts vs state
6.63%Median rate-0.13 pts vs state
0.31Rate spread (pts)+0.12 pts vs state
$128kMedian applicant income
67Loans originated
11Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236233.3%6.63%#219
20241160.0%7.12%#174
2025936711.8%6.63%#72

What Primelending, a Plainscapital lends in Rhode Island

By loan purpose

Home purchase 60 65% · 5.0% denied
Refinance 16 17% · 18.8% denied
Cash-out refinance 14 15% · 35.7% denied
Other / HELOC 3 3% · 0.0% denied

By loan type

Conventional 49 53% · 10.2% denied
FHA 21 23% · 14.3% denied
VA 23 25% · 13.0% denied

Why it denied Rhode Island applicants

Debt-to-income ratio 8 73%
Incomplete application 2 18%
Credit history 1 9%

Where in Rhode Island

Counties with the most Primelending, a Plainscapital applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 40294 10.0%
Kent County 28213 10.7%
Washington County 18123 16.7%
Newport County 531 20.0%
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: 93 applications in 2025, of which 67 were originated and 11 denied.

11.8% of all applications, or 13.9% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Primelending, a Plainscapital originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Primelending, a Plainscapital'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