ROCKLAND Federal Credit Union · Rhode Island · 2025

ROCKLAND Federal Credit Union in Rhode Island: approval rate, denial rate and rates (2025)

ROCKLAND Federal Credit Union took 24 mortgage applications in Rhode Island in 2025, ranking #138 of 453 lenders active in the state. It originated 45.8% of them and denied 25.0% (28.6% of the applications it decided), against a statewide denial rate of 18.7%.

24Applicationsin RI
28.6%Decision denial ratestate 23.2%
6.63%Median ratestate 6.75%
$140,000Median loanstate $255,000
$3.5MVolume3 counties

ROCKLAND Federal Credit Union in Rhode Island vs the state

25.0%Denial rate+6.30 pts vs state
28.6%Decision denial rate+5.40 pts vs state
45.8%Origination rate-13.92 pts vs state
6.63%Median rate-0.13 pts vs state
0.33Rate spread (pts)+0.14 pts vs state
$91kMedian applicant income
11Loans originated
6Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023261430.8%6.13%#114
2024201020.0%7.25%#132
2025241125.0%6.63%#138

What ROCKLAND Federal Credit Union lends in Rhode Island

By loan purpose

Home purchase 9 38% · 11.1% denied
Refinance 2 8% · 0.0% denied
Cash-out refinance 3 13% · 33.3% denied
Home improvement 9 38% · 44.4% denied
Other / HELOC 1 4% · 0.0% denied

By loan type

Conventional 24 100% · 25.0% denied

Why it denied Rhode Island applicants

Debt-to-income ratio 3 50%
Credit history 2 33%
Other 1 17%

Where in Rhode Island

Counties with the most ROCKLAND Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 1976 31.6%
Newport County 430 0.0%
Kent County 110 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: 24 applications in 2025, of which 11 were originated and 6 denied.

25.0% of all applications, or 28.6% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans ROCKLAND Federal Credit Union originated in Rhode Island in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are ROCKLAND Federal Credit Union'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