Province Mortgage Associates · Rhode Island · 2025

Province Mortgage Associates in Rhode Island: approval rate, denial rate and rates (2025)

Province Mortgage Associates took 355 mortgage applications in Rhode Island in 2025, ranking #29 of 453 lenders active in the state. It originated 80.0% of them and denied 6.2% (7.1% of the applications it decided), against a statewide denial rate of 18.7%.

355Applicationsin RI
7.1%Decision denial ratestate 23.2%
6.75%Median ratestate 6.75%
$405,000Median loanstate $255,000
$118MVolume5 counties

Province Mortgage Associates in Rhode Island vs the state

6.2%Denial rate-12.50 pts vs state
7.1%Decision denial rate-16.12 pts vs state
80.0%Origination rate+20.25 pts vs state
6.75%Median rate0.00 pts vs state
0.53Rate spread (pts)+0.35 pts vs state
$121kMedian applicant income
284Loans originated
22Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232081557.2%7.00%#38
20242732207.7%6.75%#37
20253552846.2%6.75%#29

What Province Mortgage Associates lends in Rhode Island

By loan purpose

Home purchase 304 86% · 4.9% denied
Refinance 16 5% · 6.3% denied
Cash-out refinance 35 10% · 17.1% denied

By loan type

Conventional 220 62% · 3.6% denied
FHA 123 35% · 11.4% denied
VA 12 3% · 0.0% denied

Why it denied Rhode Island applicants

Collateral 9 41%
Unverifiable information 4 18%
Debt-to-income ratio 3 14%
Insufficient cash 2 9%
Employment history 2 9%
Credit history 2 9%

Where in Rhode Island

Counties with the most Province Mortgage Associates applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 24119118 7.5%
Kent County 82662 2.4%
Washington County 18151 5.6%
Bristol County 871 12.5%
Newport County 650 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: 355 applications in 2025, of which 284 were originated and 22 denied.

6.2% of all applications, or 7.1% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans Province Mortgage Associates originated in Rhode Island in 2025 was 6.75%, against a statewide median of 6.75%.

About this data. Figures are Province Mortgage Associates'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