BankNewport mortgage approval rate & lending review
BankNewport decided 1,425 mortgage applications and funded 1,067 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions BankNewport reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
BankNewport at a glance
Approval is 2.7 points above the 75.5% 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 | 88% | 439 / 501 | 93% | $345K | 408 |
| Home improvement loans | 69% | 265 / 382 | 100% | $105K | 264 |
| Cash-out refinance | 71% | 205 / 289 | 98% | $165K | 200 |
| Refinance | 73% | 38 / 52 | 92% | $245K | 35 |
| Investment property purchase | 90% | 101 / 112 | 95% | $375K | 96 |
| Investment cash-out refinance | 61% | 19 / 31 | 95% | $285K | 18 |
| Investment refinance | 94% | 34 / 36 | 97% | $425K | 33 |
BankNewport lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Rhode Island | 79% | $285K | 1,213 | 915 |
| Massachusetts | 75% | $375K | 194 | 139 |
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 BankNewport lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Providence County, RI | Mortgage lenders | 87% | 230 | 187 |
| Providence County, RI | Home improvement loans | 63% | 180 | 112 |
| Kent County, RI | Mortgage lenders | 86% | 108 | 86 |
| Providence County, RI | Cash-out refinance | 65% | 130 | 84 |
| Washington County, RI | Mortgage lenders | 94% | 78 | 68 |
| Washington County, RI | Home improvement loans | 84% | 81 | 68 |
| Kent County, RI | Home improvement loans | 74% | 70 | 52 |
| Kent County, RI | Cash-out refinance | 84% | 61 | 49 |
| Providence County, RI | Investment property purchase | 89% | 57 | 49 |
| Washington County, RI | Cash-out refinance | 74% | 62 | 45 |
| Providence County, RI | Investment refinance | 96% | 26 | 25 |
| Washington County, RI | Investment property purchase | 96% | 27 | 24 |
The county markets where BankNewport made the most loans. Each link opens that market with every lender ranked.
Questions about BankNewport
What is BankNewport's mortgage approval rate?
BankNewport approved 78.2% of the 1,425 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.7 points above the 75.5% national rate for the same mix of loan types.
How often do borrowers take the loan BankNewport offers?
Borrowers accepted 96% of the loans BankNewport approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does BankNewport make?
The typical home purchase mortgage loan BankNewport made was $345K; 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 BankNewport lend?
BankNewport decided applications in 5 of the states Fat Boy Data covers, most of them in Rhode Island, Massachusetts and Connecticut.
Can I apply to BankNewport directly?
Yes. BankNewport is a bank or credit union with 20 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show BankNewport'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 BankNewport treats applications, then get a rate quote from the lender.