Total Mortgage Services · Rhode Island · 2025

Total Mortgage Services in Rhode Island: approval rate, denial rate and rates (2025)

Total Mortgage Services took 204 mortgage applications in Rhode Island in 2025, ranking #51 of 453 lenders active in the state. It originated 72.6% of them and denied 2.5% (3.2% of the applications it decided), against a statewide denial rate of 18.7%.

204Applicationsin RI
3.2%Decision denial ratestate 23.2%
6.75%Median ratestate 6.75%
$385,000Median loanstate $255,000
$57MVolume5 counties

Total Mortgage Services in Rhode Island vs the state

2.5%Denial rate-16.25 pts vs state
3.2%Decision denial rate-19.96 pts vs state
72.6%Origination rate+12.80 pts vs state
6.75%Median rate0.00 pts vs state
0.52Rate spread (pts)+0.34 pts vs state
$109kMedian applicant income
148Loans originated
5Denied

Trend in Rhode Island

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232471589.3%6.75%#35
20243562216.5%6.63%#28
20252041482.5%6.75%#51

What Total Mortgage Services lends in Rhode Island

By loan purpose

Home purchase 125 61% · 2.4% denied
Refinance 26 13% · 0.0% denied
Cash-out refinance 41 20% · 4.9% denied
Home improvement 7 3% · 0.0% denied
Other / HELOC 5 2% · 0.0% denied

By loan type

Conventional 144 71% · 2.1% denied
FHA 53 26% · 3.8% denied
VA 7 3% · 0.0% denied

Why it denied Rhode Island applicants

Collateral 3 60%
Debt-to-income ratio 2 40%

Where in Rhode Island

Counties with the most Total Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Providence County 111793 2.7%
Kent County 55410 0.0%
Newport County 20131 5.0%
Washington County 16131 6.3%
Bristol County 220 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: 204 applications in 2025, of which 148 were originated and 5 denied.

2.5% of all applications, or 3.2% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.

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

About this data. Figures are Total Mortgage Services'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