TD Bank · Rhode Island · 2025

TD Bank in Rhode Island: approval rate, denial rate and rates (2025)

TD Bank took 320 mortgage applications in Rhode Island in 2025, ranking #33 of 453 lenders active in the state. It originated 42.8% of them and denied 33.1% (43.3% of the applications it decided), against a statewide denial rate of 18.7%.

320Applicationsin RI
43.3%Decision denial ratestate 23.2%
7.64%Median ratestate 6.75%
$130,000Median loanstate $255,000
$51MVolume5 counties

TD Bank in Rhode Island vs the state

33.1%Denial rate+14.43 pts vs state
43.3%Decision denial rate+20.10 pts vs state
42.8%Origination rate-16.94 pts vs state
7.64%Median rate+0.89 pts vs state
0.47Rate spread (pts)+0.29 pts vs state
$135kMedian applicant income
137Loans originated
106Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
202335814842.5%8.09%#24
202438416438.3%8.54%#26
202532013733.1%7.64%#33

What TD Bank lends in Rhode Island

By loan purpose

Home purchase 69 22% · 20.3% denied
Refinance 72 23% · 26.4% denied
Cash-out refinance 3 1% · 33.3% denied
Home improvement 120 38% · 41.7% denied
Other / HELOC 56 18% · 39.3% denied

By loan type

Conventional 319 100% · 33.2% denied
FHA 1 0% · 0.0% denied

Why it denied Rhode Island applicants

Debt-to-income ratio 51 48%
Credit history 37 35%
Collateral 12 11%
Other 3 3%
Incomplete application 2 2%
Employment history 1 1%

Where in Rhode Island

Counties with the most TD Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 1857265 35.1%
Kent County 482117 35.4%
Bristol County 321312 37.5%
Newport County 29176 20.7%
Washington County 26146 23.1%

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: 320 applications in 2025, of which 137 were originated and 106 denied.

33.1% of all applications, or 43.3% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

The median rate on loans TD Bank originated in Rhode Island in 2025 was 7.64%, against a statewide median of 6.75%.

About this data. Figures are TD Bank'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