Province Mortgage Associates at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
62nd7.2% deniedPricingmedian rate spread over APOR, weight 30%
33rd0.43 ptsProcesswithdrawn + incomplete share, weight 15%
41st13.5%Closing coststotal loan costs ÷ loan amount, weight 10%
65th1.52% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 560 | 419 | 7.0% | 8.2% | 6.88% | $132M |
| 2024 | 553 | 436 | 8.0% | 8.9% | 6.75% | $162M |
| 2025 | 630 | 494 | 6.2% | 7.2% | 6.63% | $198M |
What Province Mortgage Associates lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 11 investment properties.
Why Province Mortgage Associates denies applications
Primary reason reported for each of the 39 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Province Mortgage Associates
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 22 | 14 | 17.7% |
| $50k – $100k | 196 | 150 | 10.7% |
| $100k – $150k | 230 | 191 | 4.9% |
| $150k – $250k | 145 | 111 | 5.7% |
| Over $250k | 35 | 28 | 3.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 28 | 20 | 13.0% |
| 25–34 | 222 | 181 | 4.2% |
| 35–44 | 176 | 137 | 7.1% |
| 45–54 | 102 | 79 | 8.8% |
| 55–64 | 68 | 54 | 11.5% |
| 65–74 | 28 | 19 | 9.5% |
Where Province Mortgage Associates lends
5 states and 35 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Rhode Island | 355 | 284 | 6.2% | 6.75% | #29 |
| Connecticut | 162 | 127 | 6.8% | 6.63% | #122 |
| Massachusetts | 83 | 63 | 3.6% | 6.63% | #267 |
| New Hampshire | 27 | 17 | 11.1% | 6.63% | #170 |
Frequently asked questions
Province Mortgage Associates denied 7.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of small mortgage lenders.
The most common reason Province Mortgage Associates gave in 2025 was "collateral", cited on 43.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Province Mortgage Associates originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.43 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 87% of its applications were for home purchases, 13% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 67% conventional, 30% FHA, 3% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.