Silver Hill Funding in Rhode Island vs the state
20.0%Denial rate+1.30 pts vs state
20.0%Decision denial rate-3.17 pts vs state
80.0%Origination rate+20.25 pts vs state
9.25%Median rate+2.50 pts vs state
—Rate spread (pts)
—Median applicant income
4Loans originated
1Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 16 | 5 | 12.5% | 9.38% | #143 |
| 2024 | 21 | 8 | 19.1% | 9.56% | #129 |
| 2025 | 5 | 4 | 20.0% | 9.25% | #245 |
What Silver Hill Funding lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
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% |
| Primary Residential Mortgage | C | 1,056 | 8.4% | 6.63% |
| BankNewport | B | 1,014 | 19.7% | 6.63% |
| CMG Mortgage | A | 992 | 7.6% | 6.63% |
Frequently asked questions
Rhode Island: 5 applications in 2025, of which 4 were originated and 1 denied.
20.0% of all applications, or 20.0% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans Silver Hill Funding originated in Rhode Island in 2025 was 9.25%, against a statewide median of 6.75%.
About this data. Figures are Silver Hill Funding'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