USAA Federal Savings Bank in Rhode Island vs the state
24.2%Denial rate+5.54 pts vs state
34.8%Decision denial rate+11.61 pts vs state
45.5%Origination rate-14.30 pts vs state
6.19%Median rate-0.56 pts vs state
-0.23Rate spread (pts)-0.42 pts vs state
$150kMedian applicant income
30Loans originated
16Denied
Trend in Rhode Island
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 66 | 31 | 25.8% | 6.38% | #78 |
| 2024 | 59 | 27 | 25.4% | 6.50% | #81 |
| 2025 | 66 | 30 | 24.2% | 6.19% | #82 |
What USAA Federal Savings Bank lends in Rhode Island
By loan purpose
By loan type
Why it denied Rhode Island applicants
Where in Rhode Island
Counties with the most USAA Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Providence County | 29 | 15 | 7 | 24.1% |
| Washington County | 15 | 6 | 4 | 26.7% |
| Kent County | 13 | 6 | 3 | 23.1% |
| Newport County | 5 | 1 | 0 | 0.0% |
| Bristol County | 4 | 2 | 2 | 50.0% |
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: 66 applications in 2025, of which 30 were originated and 16 denied.
24.2% of all applications, or 34.8% of the applications it actually decided on. The Rhode Island statewide average across all lenders was 18.7%.
The median rate on loans USAA Federal Savings Bank originated in Rhode Island in 2025 was 6.19%, against a statewide median of 6.75%.
About this data. Figures are USAA Federal Savings 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