Bank Rhode Island mortgage approval rate & lending review
Bank Rhode Island decided 865 mortgage applications and funded 604 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Bank Rhode Island reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Bank Rhode Island at a glance
Approval is 2.3 points below the 73.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 68% | 102 / 150 | 100% | $355K | 102 |
| Home improvement loans | 63% | 215 / 339 | 99% | $105K | 212 |
| Refinance | 76% | 205 / 268 | 98% | $155K | 200 |
| Investment property purchase | 98% | 51 / 52 | 100% | $345K | 51 |
| Investment refinance | 73% | 27 / 37 | 100% | $425K | 27 |
Bank Rhode Island lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Rhode Island | 70% | $155K | 789 | 543 |
| Massachusetts | 79% | $275K | 66 | 52 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Bank Rhode Island lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Providence County, RI | Home improvement loans | 61% | 200 | 121 |
| Providence County, RI | Refinance | 78% | 143 | 109 |
| Kent County, RI | Home improvement loans | 68% | 80 | 52 |
| Providence County, RI | Mortgage lenders | 63% | 79 | 50 |
| Kent County, RI | Refinance | 74% | 66 | 48 |
| Washington County, RI | Home improvement loans | 64% | 42 | 27 |
| Washington County, RI | Refinance | 73% | 37 | 26 |
| Providence County, RI | Investment property purchase | 96% | 26 | 25 |
| Washington County, RI | Mortgage lenders | 74% | 27 | 20 |
| Providence County, RI | Investment refinance | 71% | 24 | 17 |
| Kent County, RI | Mortgage lenders | 65% | 23 | 15 |
The county markets where Bank Rhode Island made the most loans. Each link opens that market with every lender ranked.
Questions about Bank Rhode Island
What is Bank Rhode Island's mortgage approval rate?
Bank Rhode Island approved 70.9% of the 865 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.3 points below the 73.2% national rate for the same mix of loan types.
How often do borrowers take the loan Bank Rhode Island offers?
Borrowers accepted 99% of the loans Bank Rhode Island approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Bank Rhode Island make?
The typical home improvement loan loan Bank Rhode Island made was $105K; across all loan types its typical loan ran from $105K to $425K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Bank Rhode Island lend?
Bank Rhode Island decided applications in 6 of the states Fat Boy Data covers, most of them in Rhode Island, Massachusetts and Florida.
Can I apply to Bank Rhode Island directly?
Yes. Bank Rhode Island reports as a direct lender that takes applications from borrowers.
Does this page show Bank Rhode Island's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Bank Rhode Island treats applications, then get a rate quote from the lender.