Largest lenders in Washington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Citizens Bank | C | 919 | 582 | 23.2% | 7.15% |
| 2 | The Washington Trust Company, of Westerly | C | 586 | 356 | 18.4% | 6.88% |
| 3 | Westerly Community | C | 358 | 228 | 17.6% | 6.63% |
| 4 | Rocket Mortgage | C | 212 | 152 | 19.8% | 6.88% |
| 5 | Navigant Credit Union | B | 200 | 139 | 10.0% | 6.50% |
| 6 | Bank of America | F | 196 | 81 | 24.5% | 5.99% |
| 7 | COASTAL1 Credit Union | B | 163 | 121 | 18.4% | 6.75% |
| 8 | BankNewport | B | 126 | 82 | 15.9% | 6.49% |
| 9 | Navy Federal Credit Union | D | 107 | 66 | 9.4% | 7.25% |
| 10 | Movement Mortgage | A | 103 | 88 | 2.9% | 6.63% |
| 11 | Centreville Bank | B | 90 | 71 | 11.1% | 6.63% |
| 12 | Loandepot.Com | D | 73 | 42 | 24.7% | 7.06% |
| 13 | United Shore Financial Services | B | 72 | 50 | 16.7% | 6.50% |
| 14 | Broker Solutions | D | 71 | 24 | 4.2% | 6.75% |
| 15 | Guild Mortgage | A | 69 | 48 | 2.9% | 6.50% |
| 16 | Pennymac Loan Services | C | 66 | 41 | 13.6% | 6.62% |
| 17 | CMG Mortgage | A | 64 | 37 | 7.8% | 6.75% |
| 18 | Newrez | D | 63 | 20 | 12.7% | 6.56% |
| 19 | Rhode Island Credit Union | F | 57 | 34 | 19.3% | 4.99% |
| 20 | Crosscountry Mortgage | B | 53 | 40 | 3.8% | 6.81% |
| 21 | American Neighborhood Mortgage Acceptance Company | B | 48 | 35 | 2.1% | 6.88% |
| 22 | Harborone Mortgage | B | 48 | 36 | 2.1% | 6.63% |
| 23 | Baycoast Mortgage Company | A | 47 | 39 | 0.0% | 6.50% |
| 24 | AmeriSave Mortgage | D | 44 | 11 | 70.5% | 8.88% |
| 25 | U.S. Bank | D | 43 | 27 | 23.3% | 6.63% |
Best approval odds in Washington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Movement Mortgage | 93 | 3.2% |
| 2 | Guild Mortgage | 52 | 3.9% |
| 3 | Centreville Bank | 82 | 12.2% |
| 4 | Navigant Credit Union | 162 | 12.4% |
| 5 | Navy Federal Credit Union | 77 | 13.0% |
| 6 | Pennymac Loan Services | 51 | 17.7% |
| 7 | BankNewport | 106 | 18.9% |
| 8 | United Shore Financial Services | 62 | 19.4% |
| 9 | COASTAL1 Credit Union | 151 | 19.9% |
| 10 | Rocket Mortgage | 198 | 21.2% |
What Washington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Washington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 4,376 | 2,693 | 18.5% | 6.88% | $245,000 |
| 2024 | 4,708 | 2,958 | 16.8% | 6.99% | $255,000 |
| 2025 | 5,595 | 3,530 | 16.5% | 6.75% | $275,000 |
Frequently asked questions
16.5% of applications in Washington County were denied in 2025, against 18.7% statewide in Rhode Island.
Citizens Bank, with 919 applications in 2025 and a denial rate of 23.2%.
The median mortgage application in Washington County in 2025 was for $275,000; the median property value on originated loans was $675,000.