Shoreham Bank mortgage approval rate & lending review
Shoreham Bank decided 2,372 mortgage applications and funded 1,470 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Shoreham Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Shoreham Bank at a glance
Approval is 7.8 points below the 70.4% 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 | 93% | 589 / 632 | 98% | $365K | 577 |
| Home improvement loans | 45% | 676 / 1,489 | 100% | $25K | 675 |
| Cash-out refinance | 86% | 91 / 106 | 96% | $135K | 87 |
| Refinance | 89% | 58 / 65 | 100% | $255K | 58 |
| Investment property purchase | 98% | 47 / 48 | 100% | $205K | 47 |
Shoreham Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Rhode Island | 83% | $365K | 547 | 446 |
| Massachusetts | 83% | $445K | 255 | 206 |
| Florida | 44% | $25K | 182 | 80 |
| California | 24% | $25K | 144 | 33 |
| Delaware | 66% | $25K | 122 | 79 |
| New Hampshire | 87% | $445K | 104 | 89 |
| North Carolina | 45% | $25K | 80 | 36 |
| Illinois | 64% | $25K | 67 | 43 |
| Wisconsin | 29% | $25K | 65 | 19 |
| Ohio | 62% | $25K | 64 | 40 |
| Pennsylvania | 50% | $25K | 60 | 30 |
| Missouri | 71% | $25K | 56 | 40 |
| Texas | 42% | $25K | 52 | 22 |
| Indiana | 49% | $25K | 49 | 24 |
| South Carolina | 57% | $15K | 44 | 25 |
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 Shoreham Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Providence County, RI | Mortgage lenders | 97% | 169 | 163 |
| Kent County, RI | Mortgage lenders | 92% | 131 | 116 |
| Kent County, DE | Home improvement loans | 59% | 56 | 33 |
| Sussex County, DE | Home improvement loans | 74% | 46 | 33 |
| Rockingham County, NH | Mortgage lenders | 97% | 34 | 33 |
| Providence County, RI | Home improvement loans | 40% | 78 | 31 |
| Washington County, RI | Mortgage lenders | 97% | 29 | 27 |
| Jackson County, MO | Home improvement loans | 74% | 23 | 17 |
| Providence County, RI | Cash-out refinance | 67% | 24 | 16 |
| Cook County, IL | Home improvement loans | 50% | 30 | 15 |
| Kent County, RI | Home improvement loans | 44% | 27 | 12 |
| Palm Beach County, FL | Home improvement loans | 35% | 26 | 9 |
The county markets where Shoreham Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Shoreham Bank
What is Shoreham Bank's mortgage approval rate?
Shoreham Bank approved 62.7% of the 2,372 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.8 points below the 70.4% national rate for the same mix of loan types.
How often do borrowers take the loan Shoreham Bank offers?
Borrowers accepted 99% of the loans Shoreham Bank 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 Shoreham Bank make?
The typical home improvement loan loan Shoreham Bank made was $25K; across all loan types its typical loan ran from $25K to $365K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Shoreham Bank lend?
Shoreham Bank decided applications in 44 of the states Fat Boy Data covers, most of them in Rhode Island, Massachusetts and Florida.
Can I apply to Shoreham Bank directly?
Yes. Shoreham Bank is a bank or credit union with 4 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Shoreham Bank'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 Shoreham Bank treats applications, then get a rate quote from the lender.