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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Rhode Island

Fat Boy Data analyzed home improvement loan activity in Rhode Island to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 14,659 applications were decided by 136 lenders between 2023 and 2025.

Rhode Island at a glance

136Active lenders43 with 20+ decisions
60.9%Market approval rate8,921 of 14,659 decided
$85KTypical loanmedian lender, $10K brackets
96%Borrower take-up8,594 loans funded

How Rhode Island compares

Approval rate compared
Rhode Island60.9%All 616 counties62.7%
Typical loan compared
Rhode Island$85KAll 616 counties$75K

What the data shows

Citizens Bank, National Association made the most home improvement loans in Rhode Island, 2,307 of them.

That is 27% of every home improvement loan originated here, so this market is unusually concentrated in one lender.

Cranston Municipal Employees Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 36.

The typical home improvement loan here is $85K, 13% larger than the the United States typical of $75K.

Only 1 lender here typically writes at or below $35K: Shoreham Bank.

Approval rate of all 43 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 21% approved of 314Bank of America, National Association: 32% approved of 1,321Pentagon Federal Credit Union: 36% approved of 42Loandepot.Com, LLC: 36% approved of 25Rockland Trust Company: 36% approved of 25U.S. Bank National Association: 38% approved of 76Spring Eq, LLC: 38% approved of 156TD Bank, National Association: 41% approved of 229Shoreham Bank: 42% approved of 109New American Funding, LLC: 43% approved of 30Fourleaf: 48% approved of 27HarborOne Bank: 51% approved of 262PNC Bank, National Association: 51% approved of 61Eastern Bank: 56% approved of 41Citizens Bank, National Association: 60% approved of 3,982First Technology: 61% approved of 51Rhode Island Credit Union: 61% approved of 649Bank Rhode Island: 63% approved of 322The Washington Trust Company, of Westerly: 64% approved of 875ROCKLAND Federal Credit Union: 65% approved of 20Berkshire Bank: 66% approved of 29Fall River Five Cents Savings Bank: 67% approved of 66Figure Lending LLC: 69% approved of 105Webster Bank, National Association: 70% approved of 102Navigant Credit Union: 70% approved of 1,481Rocket Mortgage, LLC: 70% approved of 30BankNewport: 70% approved of 331COASTAL1 Credit Union: 71% approved of 1,740Ocean State Credit Union: 72% approved of 75Navy Federal Credit Union: 72% approved of 201The People's Credit Union: 73% approved of 81BayCoast Bank: 73% approved of 81Milford Federal Bank: 76% approved of 29Greenwood Credit Union: 76% approved of 527Bristol County Savings Bank: 78% approved of 27Centreville Bank: 78% approved of 279Nationstar Mortgage LLC: 79% approved of 33Beacon Bank And Trust: 80% approved of 40Westerly Community: 83% approved of 325Charter Oak Federal Credit Union: 85% approved of 33Cranston Municipal Employees Credit Union: 100% approved of 36Homebridge Financial Services, Inc.: 100% approved of 25Wave Federal Credit Union: 100% approved of 20

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Rhode Island

LenderApprovalApprovedTaken upTypical loanLoans made
1Citizens Bank, National Association60%2,382 / 3,98297%$105K2,307
2COASTAL1 Credit Union71%1,230 / 1,74099%$85K1,212
3Navigant Credit Union70%1,033 / 1,48196%$65K996
4Bank of America, National Association32%419 / 1,32197%$75K406
5The Washington Trust Company, of Westerly64%561 / 87592%$85K516

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 131 more lenders.

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Other lending data for Rhode Island

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Counties in Rhode Island

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