Rhode Island Credit Union mortgage approval rate & lending review
Rhode Island Credit Union decided 1,400 mortgage applications and funded 841 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Rhode Island Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Rhode Island Credit Union at a glance
Approval is 4.5 points below the 65.9% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Home improvement loans | 61% | 416 / 685 | 99% | $65K | 412 |
| Cash-out refinance | 64% | 406 / 639 | 97% | $65K | 394 |
| Refinance | 48% | 21 / 44 | 90% | $85K | 19 |
Rhode Island Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Rhode Island | 61% | $65K | 1,301 | 784 |
| Massachusetts | 61% | $75K | 90 | 54 |
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 Rhode Island Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Providence County, RI | Home improvement loans | 59% | 481 | 281 |
| Providence County, RI | Cash-out refinance | 62% | 420 | 254 |
| Kent County, RI | Cash-out refinance | 69% | 108 | 73 |
| Kent County, RI | Home improvement loans | 64% | 107 | 68 |
| Washington County, RI | Home improvement loans | 69% | 61 | 42 |
| Washington County, RI | Cash-out refinance | 62% | 56 | 34 |
| Providence County, RI | Refinance | 48% | 23 | 10 |
The county markets where Rhode Island Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Rhode Island Credit Union
What is Rhode Island Credit Union's mortgage approval rate?
Rhode Island Credit Union approved 61.4% of the 1,400 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 4.5 points below the 65.9% national rate for the same mix of loan types.
How often do borrowers take the loan Rhode Island Credit Union offers?
Borrowers accepted 98% of the loans Rhode Island Credit Union 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 Rhode Island Credit Union make?
The typical home improvement loan loan Rhode Island Credit Union made was $65K; across all loan types its typical loan ran from $65K to $85K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Rhode Island Credit Union lend?
Rhode Island Credit Union decided applications in 5 of the states Fat Boy Data covers, most of them in Rhode Island, Massachusetts and Connecticut.
Can I apply to Rhode Island Credit Union directly?
Yes. Rhode Island Credit Union is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Rhode Island Credit Union'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 Rhode Island Credit Union treats applications, then get a rate quote from the lender.