Rhode Island Mortgage Lending in 2025
Explore residential mortgage lending activity in Rhode Island using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 14,325 actionable applications (Actions 1, 2, and 3).
How Rhode Island Compares
Key metrics: Rhode Island vs. U.S. (2025)
| Metric | Rhode Island | U.S. |
|---|---|---|
| Actionable Apps | 14,325 | 5,197,320 |
| Approval Rate | 86.93% | 82.12% |
| Denial Rate | 13.07% | 17.88% |
| Originations | 12,011 | 4,052,301 |
| Originated Volume | $5.15 Billion | $1.58 Trillion |
| Median Loan | $395,000 | $325,000 |
Lending Trends in Rhode Island
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 16,344 | 18,545 | +13.47% |
| Actionable Apps | 12,887 | 14,325 | +11.16% |
| Originations | 10,692 | 12,011 | +12.34% |
| Approval Rate | 86.03% | 86.93% | +0.90 pp |
| Denial Rate | 13.97% | 13.07% | -0.90 pp |
| Median Loan | $375,000 | $395,000 | +5.33% |
| Dollar Volume | $4.34 Billion | $5.15 Billion | +18.75% |
Applications by Borrower Income (Rhode Island)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 4,262 | 88.67% | 11.33% |
| $150k+ | 4,452 | 92.34% | 7.66% |
| $50k–$99,999 | 4,164 | 83.79% | 16.21% |
| <$50k | 613 | 58.40% | 41.60% |
| Income unavailable/entity | 834 | 85.85% | 14.15% |
Metropolitan Areas in Rhode Island
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Providence-Warwick | 21,347 | 17,926 | 87.05% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Rhode Island (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | MOVEMENT MORTGAGE, LLC | 786 | 98.06% |
| 2 | ROCKET MORTGAGE | 610 | 77.05% |
| 3 | Navigant Credit Union | 581 | 95.87% |
| 4 | Primary Residential Mortgage, INC. | 479 | 87.89% |
| 5 | United Wholesale Mortgage | 465 | 80.44% |
| 6 | CMG MORTGAGE INC | 426 | 92.32% |
| 7 | The Washington Trust Company, of Westerly | 413 | 90.69% |
| 8 | GUILD MORTGAGE COMPANY | 408 | 96.41% |
| 9 | NFM, INC | 398 | 97.79% |
| 10 | BAYCOAST MORTGAGE COMPANY, LLC | 335 | 96.55% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
View State Directory →Download Data
Export official Rhode Island mortgage data for research, journalism, or analysis.