The Washington Trust Company, of Westerly mortgage approval rate & lending review
The Washington Trust Company, of Westerly decided 4,055 mortgage applications and funded 2,937 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions The Washington Trust Company, of Westerly reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
The Washington Trust Company, of Westerly at a glance
Approval is 0.4 points below the 76.2% 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 | 90% | 1,460 / 1,621 | 97% | $305K | 1,414 |
| Home improvement loans | 65% | 739 / 1,133 | 92% | $105K | 683 |
| Cash-out refinance | 68% | 80 / 117 | 96% | $305K | 77 |
| Refinance | 71% | 514 / 726 | 95% | $165K | 489 |
| Investment property purchase | 73% | 138 / 190 | 97% | $405K | 134 |
| Investment refinance | 61% | 43 / 70 | 98% | $175K | 42 |
| Investment home improvement | 51% | 93 / 184 | 96% | $225K | 89 |
The Washington Trust Company, of Westerly lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Rhode Island | 77% | $305K | 3,161 | 2,340 |
| Massachusetts | 71% | $295K | 692 | 461 |
| Connecticut | 72% | $145K | 185 | 125 |
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 The Washington Trust Company, of Westerly lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Providence County, RI | Mortgage lenders | 92% | 781 | 707 |
| Washington County, RI | Home improvement loans | 74% | 368 | 254 |
| Washington County, RI | Mortgage lenders | 92% | 260 | 228 |
| Kent County, RI | Mortgage lenders | 90% | 231 | 202 |
| Washington County, RI | Refinance | 83% | 250 | 197 |
| Providence County, RI | Home improvement loans | 49% | 342 | 148 |
| Providence County, RI | Refinance | 62% | 203 | 123 |
| Kent County, RI | Home improvement loans | 74% | 165 | 114 |
| Washington County, RI | Investment property purchase | 88% | 85 | 75 |
| Kent County, RI | Refinance | 71% | 107 | 74 |
| Middlesex County, MA | Home improvement loans | 74% | 54 | 38 |
| Washington County, RI | Cash-out refinance | 82% | 39 | 32 |
The county markets where The Washington Trust Company, of Westerly made the most loans. Each link opens that market with every lender ranked.
Questions about The Washington Trust Company, of Westerly
What is The Washington Trust Company, of Westerly's mortgage approval rate?
The Washington Trust Company, of Westerly approved 75.9% of the 4,055 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 0.4 points below the 76.2% national rate for the same mix of loan types.
How often do borrowers take the loan The Washington Trust Company, of Westerly offers?
Borrowers accepted 95% of the loans The Washington Trust Company, of Westerly 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 The Washington Trust Company, of Westerly make?
The typical home purchase mortgage loan The Washington Trust Company, of Westerly made was $305K; across all loan types its typical loan ran from $105K to $405K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does The Washington Trust Company, of Westerly lend?
The Washington Trust Company, of Westerly decided applications in 6 of the states Fat Boy Data covers, most of them in Rhode Island, Massachusetts and Connecticut.
Can I apply to The Washington Trust Company, of Westerly directly?
Yes. The Washington Trust Company, of Westerly is a bank or credit union with 30 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show The Washington Trust Company, of Westerly'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 The Washington Trust Company, of Westerly treats applications, then get a rate quote from the lender.