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Providence County, Rhode Island · 2025

Mortgage lenders in Providence County, RI: denial rates and top lenders (2025)

373 lenders acted on 24,419 mortgage applications for properties in Providence County in 2025. 20.3% were denied (Rhode Island: 18.7%). Median rate on closed loans 6.75%; median loan $255,000; median property value $495,000.

24kApplications
20.3%Denial ratestate 18.7%
6.75%Median ratestate 6.75%
$255,000Median loan
$495,000Median property value

Largest lenders in Providence County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Citizens Bank C 3,3611,867 31.5%7.65%
2 Navigant Credit Union B 2,1451,353 16.8%6.50%
3 COASTAL1 Credit Union B 1,314874 26.0%6.75%
4 The Washington Trust Company, of Westerly C 803464 24.8%5.99%
5 Primary Residential Mortgage C 783497 9.8%6.63%
6 Movement Mortgage A 758567 4.4%6.63%
7 Bank of America F 757227 45.7%6.25%
8 Rocket Mortgage C 750530 20.4%6.75%
9 CMG Mortgage A 624358 9.1%6.63%
10 United Shore Financial Services B 508334 20.1%6.50%
11 Guild Mortgage A 456348 3.5%6.63%
12 Loandepot.Com D 436262 23.6%6.75%
13 NFM A 406344 1.5%6.75%
14 Newrez D 392157 21.7%6.63%
15 Rhode Island Credit Union F 372181 35.8%6.99%
16 Freedom Mortgage B 368128 7.9%6.25%
17 Pennymac Loan Services C 308127 14.3%6.50%
18 BankNewport B 294173 25.5%6.50%
19 Broker Solutions D 28896 6.6%6.75%
20 Baycoast Mortgage Company A 266198 4.1%6.50%
21 American Neighborhood Mortgage Acceptance Company B 259175 5.0%6.63%
22 Guaranteed Rate B 248139 6.1%6.55%
23 Province Mortgage Associates C 241191 7.5%6.75%
24 Spring Eq D 22253 56.8%9.40%
25 Centreville Bank B 208146 15.4%6.49%

Best approval odds in Providence County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Rf Renovo Management Company900.0%
2NFM3501.7%
3Paramount Residential Mortgage Group1012.0%
4Mortgage Equity Partners832.4%
5Leader Bank853.5%
6Total Mortgage Services843.6%
7Guild Mortgage3814.2%
8Semper Home Loans1414.3%
9Movement Mortgage6675.0%
10Baycoast Mortgage Company2105.2%

What Providence County borrowers applied for

By loan purpose

Home purchase 8,461 35% · 7.8% denied
Refinance 4,784 20% · 18.4% denied
Cash-out refinance 4,225 17% · 22.3% denied
Home improvement 3,717 15% · 36.4% denied
Other / HELOC 3,232 13% · 35.0% denied

By loan type

Conventional 19,822 81% · 21.4% denied
FHA 3,613 15% · 16.3% denied
VA 893 4% · 13.3% denied
USDA / RHS 91 0% · 14.3% denied

Why applications were denied

Debt-to-income ratio 1,982 41%
Credit history 1,118 23%
Collateral 710 15%
Incomplete application 445 9%
Other 309 6%
Unverifiable information 124 3%
Insufficient cash 76 2%
Employment history 48 1%
Mortgage insurance denied 2 0%

Providence County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202320,38211,39624.8%7.00%$205,000
202422,26112,44223.3%6.99%$205,000
202524,41914,09120.3%6.75%$255,000

Frequently asked questions

20.3% of applications in Providence County were denied in 2025, against 18.7% statewide in Rhode Island.

Citizens Bank, with 3,361 applications in 2025 and a denial rate of 31.5%.

The median mortgage application in Providence County in 2025 was for $255,000; the median property value on originated loans was $495,000.