Largest lenders in Newport County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Citizens Bank | C | 442 | 260 | 28.7% | 7.40% |
| 2 | BankNewport | B | 360 | 247 | 19.2% | 6.74% |
| 3 | Movement Mortgage | A | 141 | 108 | 2.8% | 6.50% |
| 4 | Navy Federal Credit Union | D | 118 | 72 | 19.5% | 7.75% |
| 5 | Rocket Mortgage | C | 115 | 83 | 20.9% | 6.88% |
| 6 | Baycoast Mortgage Company | A | 93 | 78 | 2.2% | 6.63% |
| 7 | Bank of America | F | 91 | 39 | 29.7% | 5.99% |
| 8 | The People's Credit Union | D | 89 | 45 | 22.5% | 6.75% |
| 9 | BayCoast Bank | A | 81 | 71 | 9.9% | 7.25% |
| 10 | CMG Mortgage | A | 78 | 52 | 0.0% | 6.75% |
| 11 | COASTAL1 Credit Union | B | 61 | 45 | 18.0% | 6.75% |
| 12 | Guaranteed Rate | B | 58 | 27 | 12.1% | 6.88% |
| 13 | The Washington Trust Company, of Westerly | C | 47 | 35 | 12.8% | 6.50% |
| 14 | Navigant Credit Union | B | 40 | 28 | 17.5% | 6.50% |
| 15 | United Shore Financial Services | B | 39 | 28 | 18.0% | 6.47% |
| 16 | bankESB | A | 36 | 31 | 2.8% | 6.38% |
| 17 | Loandepot.Com | D | 35 | 15 | 31.4% | 7.38% |
| 18 | Pennymac Loan Services | C | 32 | 15 | 3.1% | 6.50% |
| 19 | Fall River Five Cents Savings Bank | B | 32 | 25 | 3.1% | 6.99% |
| 20 | JPMorgan Chase Bank | B | 31 | 21 | 3.2% | 6.50% |
| 21 | Freedom Mortgage | B | 31 | 16 | 0.0% | 5.75% |
| 22 | Mortgage Research Center | C | 31 | 18 | 19.4% | 5.99% |
| 23 | St. Anne's Credit Union | C | 31 | 17 | 25.8% | 7.24% |
| 24 | Centreville Bank | B | 29 | 23 | 6.9% | 6.49% |
| 25 | TD Bank | D | 29 | 17 | 20.7% | 7.44% |
Best approval odds in Newport County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | CMG Mortgage | 55 | 0.0% |
| 2 | Baycoast Mortgage Company | 80 | 2.5% |
| 3 | Movement Mortgage | 119 | 3.4% |
| 4 | BayCoast Bank | 80 | 10.0% |
| 5 | COASTAL1 Credit Union | 56 | 19.6% |
| 6 | BankNewport | 321 | 21.5% |
| 7 | Rocket Mortgage | 109 | 22.0% |
| 8 | Navy Federal Credit Union | 97 | 23.7% |
| 9 | The People's Credit Union | 67 | 29.9% |
| 10 | Citizens Bank | 391 | 32.5% |
What Newport County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Newport County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 2,641 | 1,585 | 19.8% | 6.83% | $255,000 |
| 2024 | 2,743 | 1,682 | 17.8% | 6.99% | $305,000 |
| 2025 | 3,327 | 2,026 | 17.3% | 6.75% | $305,000 |
Frequently asked questions
17.3% of applications in Newport County were denied in 2025, against 18.7% statewide in Rhode Island.
Citizens Bank, with 442 applications in 2025 and a denial rate of 28.7%.
The median mortgage application in Newport County in 2025 was for $305,000; the median property value on originated loans was $785,000.