Investment property improvement lenders in Washington County, Rhode Island
Fat Boy Data analyzed investment home improvement loan activity in Washington County, 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. 252 applications were decided by 49 lenders between 2023 and 2025.
Washington County at a glance
How Washington County compares
What the data shows
The Washington Trust Company, of Westerly made the most investment home improvement loans in Washington County, RI, 43 of them.
That is 28% of every investment home improvement loan originated here, so this market is unusually concentrated in one lender.
The Washington Trust Company, of Westerly approved the highest share of applications among lenders with at least 20 decisions here, 65% of 69.
Lenders approved 64.3% of investment home improvement loan applications in Washington County, RI, 16.5 percentage points above the Rhode Island rate of 47.8%.
The typical investment home improvement loan here is $255K, 24% larger than the Rhode Island typical of $205K.
No lender with a meaningful sample here has a typical investment home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.
Investment property improvement lenders in Washington County
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | The Washington Trust Company, of Westerly | 65% | 45 / 69 | 96% | $255K | 43 |
| 2 | Citizens Bank, National Association | 55% | 29 / 53 | 97% | $325K | 28 |
| 3 | Bank of America, National AssociationLimited sample | 44% | 7 / 16 | 100% | $175K | 7 |
| 4 | Westerly CommunityLimited sample | 91% | 10 / 11 | 100% | $225K | 10 |
| 5 | TD Bank, National AssociationLimited sample | 64% | 7 / 11 | 100% | $125K | 7 |
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 44 more lenders.
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