Rhode Island Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Rhode Island averaged
6.82%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.97% and
one month ago for the week of 2025-04-17, the
average rate was 6.79%.
Rhode Island's average rate one year ago was 6.98%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Rhode Island 30 Year Fixed Rate | 2025-05-22 | 6.82% |
| Rhode Island 30 Year Fixed Rate Refi | 2025-05-22 | 7% |
| Rhode Island 15 Year Fixed Rate | 2025-05-22 | 6.42% |
| Rhode Island 15 Year Fixed Rate Refi | 2025-05-22 | 6.76% |
| Rhode Island 30 Year FHA | 2025-05-22 | 6.53% |
| Rhode Island 30 Year FHA Refi | 2025-05-22 | 6.18% |
| Rhode Island 30 Year USDA | 2025-05-22 | 6.43% |
| Rhode Island 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Rhode Island 30 Year VA | 2025-05-22 | 6.56% |
| Rhode Island 30 Year VA Refi | 2025-05-22 | 6.02% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Rhode Island.
Rhode Island Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Rhode Island market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Rhode Island Average Closing Costs & Other Stats
Rhode Island's 249 lenders originated 22,483
loans during 2024. The total origination value was $7,139,655,000, with an average loan value of
$317,558.
Rhode Island's average closing costs are $5,795.
The top Rhode Island lender as defined by loan originations is Navigant Credit Union, with
531 loans originated. Their average total fees are
$4,039, which is $2,297
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Rhode Island lenders (with over 10 loans originated) are
OCEAN STATE CREDIT UNION ($3,374), NBKC BANK ($3,437), GREENWOOD ($3,453), TD Bank ($3,666) and PAWTUCKET ($3,886).
The lowest rate Rhode Island lenders (with over 10 loans originated) are
Morgan Stanley Private Bank (6.10%), Centreville Bank (6.12%), OCEAN STATE CREDIT UNION (6.12%), BETTER MORTGAGE CORPORATION (6.15%) and UBS Bank USA (6.18%).
Rhode Island Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Citizens Bank | $517,125,000 | $529,010,000 | 2.3% | 7.4% |
| Navigant Credit Union | $345,085,000 | $411,245,000 | 19.2% | 5.8% |
| MOVEMENT MORTGAGE, LLC | $318,750,000 | $375,070,000 | 17.7% | 5.3% |
| The Washington Trust Company, of Westerly | $224,695,000 | $247,365,000 | 10.1% | 3.5% |
| NFM, INC. | $198,485,000 | $233,870,000 | 17.8% | 3.3% |
| QUICKEN LOANS, LLC | $163,400,000 | $222,450,000 | 36.1% | 3.1% |
| BankNewport | $188,540,000 | $203,435,000 | 7.9% | 2.8% |
| PAWTUCKET | $203,900,000 | $201,500,000 | -1.2% | 2.8% |
| CMG MORTGAGE, INC. | $20,395,000 | $176,925,000 | 767.5% | 2.5% |
| BAYCOAST MORTGAGE COMPANY, LLC | $117,160,000 | $174,790,000 | 49.2% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $105,510,000 | $174,560,000 | 65.4% | 2.4% |
| GUILD MORTGAGE COMPANY | $118,375,000 | $168,955,000 | 42.7% | 2.4% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $107,460,000 | $137,710,000 | 28.2% | 1.9% |
| Centreville Bank | $180,220,000 | $128,545,000 | -28.7% | 1.8% |
| Bank of America | $92,275,000 | $117,395,000 | 27.2% | 1.6% |
| Bank Rhode Island | $128,950,000 | $105,625,000 | -18.1% | 1.5% |
| Semper Home Loans, Inc. | $106,210,000 | $104,495,000 | -1.6% | 1.5% |
| WALKER & DUNLOP, LLC | $55,065,000 | $101,525,000 | 84.4% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $64,910,000 | $92,890,000 | 43.1% | 1.3% |
| PROVINCE MORTGAGE ASSOCIATES, INC. | $50,495,000 | $82,720,000 | 63.8% | 1.2% |
| LOANDEPOT.COM, LLC | $46,975,000 | $81,280,000 | 73.0% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $49,755,000 | $78,310,000 | 57.4% | 1.1% |
| Northpointe Bank | $90,390,000 | $72,875,000 | -19.4% | 1.0% |
| GUARANTEED RATE, INC. | $70,925,000 | $71,465,000 | 0.8% | 1.0% |
| Bristol County Savings Bank | $21,160,000 | $70,795,000 | 234.6% | 1.0% |
| TOTAL MORTGAGE SERVICES, LLC | $53,390,000 | $70,515,000 | 32.1% | 1.0% |
| RF Renovo Management Company, LLC | $52,945,000 | $70,180,000 | 32.6% | 1.0% |
| MORTGAGE EQUITY PARTNERS LLC | $50,745,000 | $69,420,000 | 36.8% | 1.0% |
| Berkshire Bank | $27,875,000 | $66,435,000 | 138.3% | 0.9% |
| Eastern Bank | $81,305,000 | $62,715,000 | -22.9% | 0.9% |
| WESTERLY COMMUNITY | $14,425,000 | $62,385,000 | 332.5% | 0.9% |
| Home Loan Investment Bank, F.S.B. | $47,790,000 | $61,725,000 | 29.2% | 0.9% |
| U.S. Bank | $28,310,000 | $60,715,000 | 114.5% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $32,715,000 | $59,000,000 | 80.3% | 0.8% |
| NEWREZ LLC | $43,080,000 | $52,225,000 | 21.2% | 0.7% |
| Mortgage Research Center, LLC | $35,820,000 | $50,820,000 | 41.9% | 0.7% |
| JPMorgan Chase Bank | $67,240,000 | $50,425,000 | -25.0% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $26,300,000 | $48,470,000 | 84.3% | 0.7% |
| HARBORONE MORTGAGE, LLC | $47,840,000 | $47,885,000 | 0.1% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $67,215,000 | $47,765,000 | -28.9% | 0.7% |
| Barings Multifamily Capital | $47,555,000 | n/a | 0.7% | |
| BROKER SOLUTIONS, INC. | $11,900,000 | $47,510,000 | 299.2% | 0.7% |
| Fall River Five Cents Savings Bank | $35,965,000 | $46,900,000 | 30.4% | 0.7% |
| Rockland Trust Company | $23,850,000 | $46,365,000 | 94.4% | 0.6% |
| GREENWOOD | $44,650,000 | $45,995,000 | 3.0% | 0.6% |
| Leader Bank | $22,695,000 | $45,095,000 | 98.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $18,430,000 | $44,480,000 | 141.3% | 0.6% |
| BERKELEY POINT CAPITAL LLC | $62,100,000 | $43,425,000 | -30.1% | 0.6% |
| EMBRACE HOME LOANS, INC. | $24,145,000 | $43,075,000 | 78.4% | 0.6% |
| TD Bank | $40,310,000 | $42,980,000 | 6.6% | 0.6% |
| Morgan Stanley Private Bank | $24,965,000 | $40,545,000 | 62.4% | 0.6% |
| Webster Bank | $47,580,000 | $33,630,000 | -29.3% | 0.5% |
| BayCoast Bank | $26,610,000 | $33,445,000 | 25.7% | 0.5% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $680,000 | $32,120,000 | 4,623.5% | 0.4% |
| The People's Credit Union | $33,100,000 | $31,915,000 | -3.6% | 0.4% |
| Easthampton Savings Bank | $21,850,000 | $28,280,000 | 29.4% | 0.4% |
| Waterstone Mortgage Corporation | $16,550,000 | $26,990,000 | 63.1% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $18,925,000 | $26,060,000 | 37.7% | 0.4% |
| ORIX REAL ESTATE CAPITAL, LLC | $23,755,000 | n/a | 0.3% | |
| GUARANTEED RATE AFFINITY, LLC | $34,585,000 | $23,545,000 | -31.9% | 0.3% |
| FIRST HOME MORTGAGE CORPORATION | $21,580,000 | $23,440,000 | 8.6% | 0.3% |
| Rhode Island Credit Union | $19,670,000 | $22,710,000 | 15.5% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $8,045,000 | $22,520,000 | 179.9% | 0.3% |
| HarborOne Bank | $23,910,000 | $22,345,000 | -6.5% | 0.3% |
| UBS Bank USA | $11,235,000 | $22,320,000 | 98.7% | 0.3% |
| HOMESPIRE MORTGAGE CORPORATION | $19,250,000 | $21,770,000 | 13.1% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $10,440,000 | $20,595,000 | 97.3% | 0.3% |
| WASHINGTON TRUST MORTGAGE COMPANY LLC | $15,345,000 | $20,060,000 | 30.7% | 0.3% |
| NATIONS DIRECT MORTGAGE, LLC | $5,730,000 | $19,800,000 | 245.5% | 0.3% |
| Carrington Mortgage Services, LLC | $7,400,000 | $17,230,000 | 132.8% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $10,685,000 | $16,850,000 | 57.7% | 0.2% |
| DIGITAL Federal Credit Union | $29,600,000 | $15,955,000 | -46.1% | 0.2% |
| USAA Federal Savings Bank | $12,705,000 | $14,685,000 | 15.6% | 0.2% |
| Citibank | $20,185,000 | $14,650,000 | -27.4% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $8,540,000 | $14,645,000 | 71.5% | 0.2% |
| Wells Fargo Bank | $23,505,000 | $14,555,000 | -38.1% | 0.2% |
| NBKC BANK | $7,100,000 | $14,415,000 | 103.0% | 0.2% |
| OCEAN STATE CREDIT UNION | $9,530,000 | $13,940,000 | 46.3% | 0.2% |
| Brookline Bank | $105,000 | $13,735,000 | 12,981.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $7,380,000 | $13,715,000 | 85.8% | 0.2% |
| Bridgewater Savings Bank | $8,295,000 | $13,595,000 | 63.9% | 0.2% |
| NORTHPOINT MORTGAGE, INC. | $10,855,000 | $13,060,000 | 20.3% | 0.2% |
| ARC HOME LLC | $10,230,000 | $13,000,000 | 27.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $12,250,000 | $12,705,000 | 3.7% | 0.2% |
| Discover Bank | $11,060,000 | $11,900,000 | 7.6% | 0.2% |
| The Federal Savings Bank | $8,100,000 | $11,690,000 | 44.3% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $6,415,000 | $11,020,000 | 71.8% | 0.2% |
| OCMBC, INC. | $8,090,000 | $10,840,000 | 34.0% | 0.2% |
| M&T Bank | $3,850,000 | $9,885,000 | 156.8% | 0.1% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $8,560,000 | $9,885,000 | 15.5% | 0.1% |
| Hometown Equity Mortgage, LLC | $5,380,000 | $9,240,000 | 71.7% | 0.1% |
| BNY Mellon | $6,005,000 | $8,940,000 | 48.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $6,885,000 | $8,795,000 | 27.7% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $10,705,000 | $8,445,000 | -21.1% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $5,720,000 | $8,195,000 | 43.3% | 0.1% |
| Chelsea Groton Bank | $9,555,000 | $8,175,000 | -14.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $7,420,000 | $7,950,000 | 7.1% | 0.1% |
| CIBM Bank | $3,745,000 | $7,680,000 | 105.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $7,605,000 | $7,635,000 | 0.4% | 0.1% |
| Logan Finance Corporation | $1,440,000 | $7,605,000 | 428.1% | 0.1% |
| T2 FINANCIAL LLC | $5,950,000 | $7,525,000 | 26.5% | 0.1% |
| LENDSURE MORTGAGE CORP. | $2,180,000 | $7,500,000 | 244.0% | 0.1% |
| PNC Bank | $10,375,000 | $7,375,000 | -28.9% | 0.1% |
| St. Anne's Credit Union of Fall River, Mass. | $8,220,000 | $7,255,000 | -11.7% | 0.1% |
| RCN Capital, LLC | $7,230,000 | $6,970,000 | -3.6% | 0.1% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $6,825,000 | n/a | 0.1% | |
| HANSCOM | $1,815,000 | $6,675,000 | 267.8% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $7,445,000 | $6,665,000 | -10.5% | 0.1% |
| EMM LOANS LLC | $3,270,000 | $6,615,000 | 102.3% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $4,345,000 | $6,600,000 | 51.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,675,000 | $6,395,000 | 139.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $4,635,000 | $6,360,000 | 37.2% | 0.1% |
| Charles Schwab Bank, SSB | $3,930,000 | $6,325,000 | 60.9% | 0.1% |
| A&D Mortgage LLC | $3,700,000 | $6,040,000 | 63.2% | 0.1% |
| PHH Mortgage Corporation | $2,970,000 | $5,985,000 | 101.5% | 0.1% |
| Milford Federal Bank | $11,435,000 | $5,930,000 | -48.1% | 0.1% |
| Dean Co-operative Bank | $4,140,000 | $5,910,000 | 42.8% | 0.1% |
| First Federal Bank | $1,075,000 | $5,845,000 | 443.7% | 0.1% |
| Mechanics Cooperative Bank | $5,350,000 | $5,795,000 | 8.3% | 0.1% |
| Charter Oak Federal Credit Union | $7,080,000 | $5,755,000 | -18.7% | 0.1% |
| StonehamBank, A Co-operative Bank | $3,985,000 | $5,660,000 | 42.0% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $12,600,000 | $5,580,000 | -55.7% | 0.1% |
| Fidelity Co-operative Bank | $5,515,000 | n/a | 0.1% | |
| BMO Harris Bank | $3,155,000 | $5,465,000 | 73.2% | 0.1% |
| TOWNE MORTGAGE COMPANY | $675,000 | $5,460,000 | 708.9% | 0.1% |
| CARDINAL FINANCIAL | $5,415,000 | $5,420,000 | 0.1% | 0.1% |
| Prosperity Home Mortgage, LLC | $3,880,000 | $5,415,000 | 39.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,390,000 | $5,285,000 | 20.4% | 0.1% |
| ENVOY MORTGAGE, LTD | $6,680,000 | $5,275,000 | -21.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,555,000 | $5,185,000 | 233.4% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $3,415,000 | $4,915,000 | 43.9% | 0.1% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $4,885,000 | n/a | 0.1% | |
| Armed Forces Bank | $595,000 | $4,635,000 | 679.0% | 0.1% |
| NEXERA HOLDING LLC | $4,635,000 | n/a | 0.1% | |
| Quontic Bank | $2,250,000 | $4,625,000 | 105.6% | 0.1% |
| SUMMIT FUNDING, INC. | $4,610,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $14,220,000 | $4,580,000 | -67.8% | 0.1% |
| BAY EQUITY LLC | $7,705,000 | $4,450,000 | -42.2% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,885,000 | $4,295,000 | 48.9% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $5,215,000 | $4,070,000 | -22.0% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $515,000 | $4,025,000 | 681.6% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $7,965,000 | $3,985,000 | -50.0% | 0.1% |
| Equity Prime Mortgage LLC | $1,670,000 | $3,925,000 | 135.0% | 0.1% |
| First-Citizens Bank & Trust Company | $1,255,000 | $3,825,000 | 204.8% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $785,000 | $3,725,000 | 374.5% | 0.1% |
| SOMERSET | $3,855,000 | $3,725,000 | -3.4% | 0.1% |
| Luxury Mortgage Corp. | $3,690,000 | n/a | 0.1% | |
| MutualOne Bank | $6,015,000 | $3,605,000 | -40.1% | 0.1% |
| Texana Bank | $3,575,000 | n/a | 0.1% | |
| Ally Bank | $540,000 | $3,530,000 | 553.7% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $530,000 | $3,495,000 | 559.4% | 0.0% |
| MSA MORTGAGE, LLC | $3,455,000 | n/a | 0.0% | |
| FALL RIVER MUNICIPAL CREDIT UNION | $3,075,000 | $3,420,000 | 11.2% | 0.0% |
| SILVER HILL FUNDING, LLC | $1,455,000 | $3,280,000 | 125.4% | 0.0% |
| Avidia Bank | $7,475,000 | $3,275,000 | -56.2% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,295,000 | $3,230,000 | 149.4% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $3,205,000 | n/a | 0.0% | |
| MORTGAGE MARKETS CUSO, LLC | $825,000 | $3,125,000 | 278.8% | 0.0% |
| FM Home Loans, LLC | $725,000 | $3,100,000 | 327.6% | 0.0% |
| Dime Bank | $15,115,000 | $3,085,000 | -79.6% | 0.0% |
| Magnolia Bank | $2,030,000 | $3,010,000 | 48.3% | 0.0% |
| Nations Lending Corporation | $7,440,000 | $3,000,000 | -59.7% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $3,030,000 | $2,920,000 | -3.6% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $630,000 | $2,760,000 | 338.1% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $460,000 | $2,750,000 | 497.8% | 0.0% |
| Figure Lending LLC | $2,025,000 | $2,730,000 | 34.8% | 0.0% |
| POLARIS HOME FUNDING CORP. | $1,610,000 | $2,730,000 | 69.6% | 0.0% |
| WAVE FEDERAL CREDIT UNION | $9,270,000 | $2,710,000 | -70.8% | 0.0% |
| UniBank for Savings | $4,495,000 | $2,645,000 | -41.2% | 0.0% |
| WEBSTER FIRST Federal Credit Union | $4,115,000 | $2,620,000 | -36.3% | 0.0% |
| SPRING EQ, LLC | $2,385,000 | $2,570,000 | 7.8% | 0.0% |
| Farmers Bank & Trust | $1,075,000 | $2,550,000 | 137.2% | 0.0% |
| Ixonia Bank | $9,860,000 | $2,550,000 | -74.1% | 0.0% |
| Dedham Institution for Savings | $2,855,000 | $2,545,000 | -10.9% | 0.0% |
| KeyBank | $1,675,000 | $2,515,000 | 50.1% | 0.0% |
| Citadel Servicing Corporation | $2,455,000 | $2,505,000 | 2.0% | 0.0% |
| OAKTREE FUNDING CORP. | $505,000 | $2,500,000 | 395.0% | 0.0% |
| Country Bank for Savings | $2,445,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $4,225,000 | $2,405,000 | -43.1% | 0.0% |
| Network Funding, L.P. | $2,270,000 | $2,330,000 | 2.6% | 0.0% |
| Truist | $2,460,000 | $2,275,000 | -7.5% | 0.0% |
| PLANET HOME LENDING, LLC | $305,000 | $2,240,000 | 634.4% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $1,425,000 | $2,230,000 | 56.5% | 0.0% |
| Keystone Funding, Inc. | $265,000 | $2,225,000 | 739.6% | 0.0% |
| Commerce Bank | $2,165,000 | n/a | 0.0% | |
| JMAC LENDING, INC. | $3,330,000 | $2,165,000 | -35.0% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $810,000 | $2,105,000 | 159.9% | 0.0% |
| Beeline Loans, Inc. | $2,075,000 | n/a | 0.0% | |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $545,000 | $2,070,000 | 279.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $650,000 | $2,040,000 | 213.8% | 0.0% |
| MountainOne Bank | $805,000 | $2,010,000 | 149.7% | 0.0% |
| M&T Realty Capital Corporation | $2,005,000 | n/a | 0.0% | |
| The Central Trust Bank | $2,000,000 | $2,005,000 | 0.3% | 0.0% |
| Westfield Bank | $15,870,000 | $2,000,000 | -87.4% | 0.0% |
| MLD MORTGAGE INC. | $1,250,000 | $1,995,000 | 59.6% | 0.0% |
| Raymond James Bank | $7,345,000 | $1,980,000 | -73.0% | 0.0% |
| Bethpage Federal Credit Union | $1,105,000 | $1,975,000 | 78.7% | 0.0% |
| NexBank | $505,000 | $1,960,000 | 288.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $3,060,000 | $1,955,000 | -36.1% | 0.0% |
| SIRVA MORTGAGE, INC. | $610,000 | $1,900,000 | 211.5% | 0.0% |
| AMWEST FUNDING CORP. | $2,895,000 | $1,895,000 | -34.5% | 0.0% |
| NJ LENDERS CORP. | $1,240,000 | $1,895,000 | 52.8% | 0.0% |
| BLACKSTONE RIVER FEDERAL CREDIT UNION | $1,705,000 | $1,850,000 | 8.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $1,495,000 | $1,850,000 | 23.7% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,965,000 | $1,815,000 | -7.6% | 0.0% |
| Toyota Financial Savings Bank | $1,755,000 | n/a | 0.0% | |
| First National Bank of America | $745,000 | $1,750,000 | 134.9% | 0.0% |
| NEW FED MORTGAGE, CORP. | $1,270,000 | $1,695,000 | 33.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,260,000 | $1,690,000 | 34.1% | 0.0% |
| Arbor Realty Trust, Inc. | $1,685,000 | n/a | 0.0% | |
| TAUNTON FEDERAL CREDIT UNION | $2,415,000 | $1,625,000 | -32.7% | 0.0% |
| HOMESTEAD FUNDING CORP. | $385,000 | $1,605,000 | 316.9% | 0.0% |
| GENEVA FINANCIAL, LLC | $2,050,000 | $1,560,000 | -23.9% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $615,000 | $1,540,000 | 150.4% | 0.0% |
| Goldman Sachs Bank USA | $5,215,000 | $1,510,000 | -71.0% | 0.0% |
| MEMBERS MORTGAGE COMPANY, INC. | $1,595,000 | $1,485,000 | -6.9% | 0.0% |
| Salem Five Cents Savings Bank | $1,515,000 | $1,485,000 | -2.0% | 0.0% |
| ROCKLAND | $2,780,000 | $1,470,000 | -47.1% | 0.0% |
| LENDINGONE, LLC | $1,430,000 | n/a | 0.0% | |
| Farm Credit East, ACA | $4,160,000 | $1,425,000 | -65.7% | 0.0% |
| Jewett City Savings Bank | $2,895,000 | $1,410,000 | -51.3% | 0.0% |
| Evolve Bank & Trust | $3,975,000 | $1,390,000 | -65.0% | 0.0% |
| Service Federal Credit Union | $260,000 | $1,370,000 | 426.9% | 0.0% |
| GREENSTATE CREDIT UNION | $1,350,000 | n/a | 0.0% | |
| Monson Savings Bank | $1,330,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $3,280,000 | $1,315,000 | -59.9% | 0.0% |
| GFA Federal Credit Union | $105,000 | $1,305,000 | 1,142.9% | 0.0% |
| Commerce Home Mortgage, Inc. | $4,240,000 | $1,280,000 | -69.8% | 0.0% |
| Florida Capital Bank | $1,275,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $205,000 | $1,270,000 | 519.5% | 0.0% |
| Secured Investment Corp. | $1,270,000 | n/a | 0.0% | |
| Millbury National Bank | $305,000 | $1,255,000 | 311.5% | 0.0% |
| American Airlines Federal Credit Union | $145,000 | $1,250,000 | 762.1% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,250,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $14,155,000 | $1,220,000 | -91.4% | 0.0% |
| City National Bank of Florida | $1,215,000 | n/a | 0.0% | |
| The Huntington National Bank | $8,185,000 | $1,155,000 | -85.9% | 0.0% |
| ANCHOR LOANS, LP | $1,150,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $1,150,000 | n/a | 0.0% | |
| Bank of England | $1,040,000 | $1,145,000 | 10.1% | 0.0% |
| LIMA ONE CAPITAL, LLC | $2,580,000 | $1,140,000 | -55.8% | 0.0% |
| NASA Federal Credit Union | $1,115,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $195,000 | $1,100,000 | 464.1% | 0.0% |
| UNION HOME MORTGAGE CORP. | $115,000 | $1,080,000 | 839.1% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $630,000 | $1,065,000 | 69.0% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $1,055,000 | n/a | 0.0% | |
| Cornerstone Bank | $2,680,000 | $1,050,000 | -60.8% | 0.0% |
| NP, Inc. | $1,615,000 | $1,050,000 | -35.0% | 0.0% |
| Commercial Lender LLC | $1,750,000 | $1,010,000 | -42.3% | 0.0% |
| State Department Federal Credit Union | $1,010,000 | n/a | 0.0% | |
| Fifth Third Bank | $295,000 | $1,005,000 | 240.7% | 0.0% |
| The Union Bank Company | $830,000 | $950,000 | 14.5% | 0.0% |
| FIRST COLONY MORTGAGE CORPORATION | $945,000 | n/a | 0.0% | |
| Webster Five Cents Savings Bank | $395,000 | $940,000 | 138.0% | 0.0% |
| Lakeview Community Capital, LLC | $935,000 | n/a | 0.0% | |
| The Bank of Canton | $1,355,000 | $935,000 | -31.0% | 0.0% |
| FIRST CITIZENS' FEDERAL CREDIT UNION | $410,000 | $905,000 | 120.7% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,200,000 | $900,000 | -25.0% | 0.0% |
| CENTRAL ONE FEDERAL CREDIT UNION | $645,000 | $885,000 | 37.2% | 0.0% |
| MASSMUTUAL | $875,000 | n/a | 0.0% | |
| DREW MORTGAGE ASSOCIATES, INC. | $930,000 | $870,000 | -6.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,010,000 | $865,000 | -57.0% | 0.0% |
| Dollar Bank, Federal Savings Bank | $865,000 | n/a | 0.0% | |
| Baxter Credit Union | $1,995,000 | $845,000 | -57.6% | 0.0% |
| ITHINK FINANCIAL Credit Union | $1,310,000 | $835,000 | -36.3% | 0.0% |
| Liberty Bank | $2,225,000 | $835,000 | -62.5% | 0.0% |
| HOMEFIELD | $805,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $1,130,000 | $790,000 | -30.1% | 0.0% |
| SCIENT Federal Credit Union | $430,000 | $785,000 | 82.6% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $545,000 | $780,000 | 43.1% | 0.0% |
| The Camden National Bank | $3,110,000 | $770,000 | -75.2% | 0.0% |
| KBR HERITAGE | $765,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $1,290,000 | $755,000 | -41.5% | 0.0% |
| Meridian Bank Corporation | $745,000 | n/a | 0.0% | |
| Sharon & Crescent United Credit Union | $1,855,000 | $745,000 | -59.8% | 0.0% |
| TJC Mortgage, Inc. | $740,000 | n/a | 0.0% | |
| New Bedford Credit Union | $95,000 | $735,000 | 673.7% | 0.0% |
| Guilford Savings Bank The | $725,000 | n/a | 0.0% | |
| Capital Bank | $840,000 | $720,000 | -14.3% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $715,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $9,400,000 | $710,000 | -92.4% | 0.0% |
| Clinton Savings Bank | $700,000 | n/a | 0.0% | |
| TIB The Independent Bankersbank | $695,000 | n/a | 0.0% | |
| MERRIMACK VALLEY | $335,000 | $655,000 | 95.5% | 0.0% |
| Direct Federal Credit Union | $650,000 | n/a | 0.0% | |
| WILLIAM RAVEIS MORTGAGE, LLC | $2,470,000 | $640,000 | -74.1% | 0.0% |
| AmeriHome Mortgage Company, LLC | $520,000 | $630,000 | 21.2% | 0.0% |
| East Coast Capital Corp. | $625,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $520,000 | $595,000 | 14.4% | 0.0% |
| Oakstar Bank | $595,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $580,000 | n/a | 0.0% | |
| INTERCAP LENDING INC. | $575,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $255,000 | $555,000 | 117.6% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $2,630,000 | $550,000 | -79.1% | 0.0% |
| North Easton Savings Bank | $535,000 | n/a | 0.0% | |
| MILLBURY FEDERAL CREDIT UNION | $525,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $185,000 | $520,000 | 181.1% | 0.0% |
| BOKF | $515,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $820,000 | $505,000 | -38.4% | 0.0% |
| POLISH NATIONAL | $215,000 | $505,000 | 134.9% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $960,000 | $495,000 | -48.4% | 0.0% |
| Plains Commerce Bank | $605,000 | $495,000 | -18.2% | 0.0% |
| Southern Mass Credit Union | $1,835,000 | $495,000 | -73.0% | 0.0% |
| USAlliance Federal Credit Union | $915,000 | $495,000 | -45.9% | 0.0% |
| Lincoln Savings Bank | $485,000 | n/a | 0.0% | |
| AMERICAN BANCSHARES MORTGAGE | $465,000 | n/a | 0.0% | |
| General Mortgage Capital Corporation | $465,000 | n/a | 0.0% | |
| The Readlyn Savings Bank | $455,000 | n/a | 0.0% | |
| Adams Community Bank | $445,000 | n/a | 0.0% | |
| ONY GLO, INC. | $520,000 | $435,000 | -16.3% | 0.0% |
| TREMONT CREDIT UNION | $435,000 | n/a | 0.0% | |
| First IC Corporation | $335,000 | $425,000 | 26.9% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $425,000 | n/a | 0.0% | |
| Peoples Bank | $1,145,000 | $420,000 | -63.3% | 0.0% |
| Bar Harbor Bank & Trust | $860,000 | $410,000 | -52.3% | 0.0% |
| RBC Bank, (Georgia) | $2,115,000 | $405,000 | -80.9% | 0.0% |
| Ross Mortgage Company, Inc. | $345,000 | $395,000 | 14.5% | 0.0% |
| ALLIANT CREDIT UNION | $375,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $375,000 | n/a | 0.0% | |
| AmRes Corporation | $335,000 | $355,000 | 6.0% | 0.0% |
| Northwest Federal Credit Union | $355,000 | n/a | 0.0% | |
| The Provident Bank | $355,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $810,000 | $345,000 | -57.4% | 0.0% |
| EQUITY RESOURCES, INC. | $345,000 | n/a | 0.0% | |
| LAFAYETTE FEDERAL CREDIT UNION | $345,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $295,000 | $345,000 | 16.9% | 0.0% |
| SELF RELIANCE NY Federal Credit Union | $345,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $705,000 | $335,000 | -52.5% | 0.0% |
| Savers Co-operative Bank | $330,000 | n/a | 0.0% | |
| PeoplesBank | $3,515,000 | $325,000 | -90.8% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $75,000 | $320,000 | 326.7% | 0.0% |
| Bangor Savings Bank | $305,000 | n/a | 0.0% | |
| Connexus Credit Union | $250,000 | $305,000 | 22.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $305,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $305,000 | n/a | 0.0% | |
| First Horizon Bank | $175,000 | $305,000 | 74.3% | 0.0% |
| The State Bank and Trust Company | $305,000 | n/a | 0.0% | |
| FirstBank | $1,080,000 | $295,000 | -72.7% | 0.0% |
| FIRST WORLD MORTGAGE CORPORATION | $485,000 | $285,000 | -41.2% | 0.0% |
| The Dart Bank | $285,000 | n/a | 0.0% | |
| UNITED | $285,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $285,000 | n/a | 0.0% | |
| Deseret First Credit Union | $275,000 | n/a | 0.0% | |
| Financial Funding Solutions, Inc. | $265,000 | n/a | 0.0% | |
| CorePlus Federal Credit Union | $440,000 | $255,000 | -42.0% | 0.0% |
| Gate City Bank | $245,000 | n/a | 0.0% | |
| WRENTHAM CO-OPERATIVE BANK | $595,000 | $225,000 | -62.2% | 0.0% |
| RESIDENTIAL BANCORP | $425,000 | $205,000 | -51.8% | 0.0% |
| TEACHERS | $245,000 | $205,000 | -16.3% | 0.0% |
| MidFirst Bank | $195,000 | n/a | 0.0% | |
| Arvest Bank | $165,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $165,000 | n/a | 0.0% | |
| Customers Bank | $155,000 | n/a | 0.0% | |
| City of Boston Credit Union | $135,000 | n/a | 0.0% | |
| HUDSON HERITAGE | $405,000 | $130,000 | -67.9% | 0.0% |
| Signature Federal Credit Union | $290,000 | $125,000 | -56.9% | 0.0% |
| SOUTHCOAST FEDERAL CREDIT UNION | $520,000 | $125,000 | -76.0% | 0.0% |
| ADVANCIAL | $105,000 | n/a | 0.0% | |
| Regions Bank | $105,000 | n/a | 0.0% | |
| GRANITE FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Main Street Bank | $1,640,000 | $85,000 | -94.8% | 0.0% |
| AFFINITY | $75,000 | n/a | 0.0% | |
| MASS BAY Credit Union | $295,000 | $55,000 | -81.4% | 0.0% |
| UNIFY FINANCIAL Credit Union | $975,000 | $55,000 | -94.4% | 0.0% |
| Westport Federal Credit Union | $215,000 | $55,000 | -74.4% | 0.0% |
| SPIRE Credit Union | $35,000 | n/a | 0.0% | |
| TOWER | $25,000 | n/a | 0.0% | |
| WORCESTER | $25,000 | n/a | 0.0% |
Rhode Island's top lender by overall market share is Citizens Bank, with 7.4% market share. In second place, with 5.8%, is Navigant Credit Union, having originated $411,245,000 in loans. In third place, with 5.3%, is MOVEMENT MORTGAGE, LLC, having originated $375,070,000 in loans. In fourth place, with 3.5%, is The Washington Trust Company, of Westerly, having originated $247,365,000 in loans. In fifth place, with 3.3%, is NFM, INC., having originated $233,870,000 in loans.
Rhode Island Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 10,081 | $4,381,115,000 | $434,591 |
| Refi | 3,385 | $1,096,915,000 | $324,052 |
| Home Improvement | 3,381 | $435,665,000 | $128,857 |
| Cash Out Refi | 2,951 | $818,135,000 | $277,240 |
| Other | 2,681 | $406,545,000 | $151,639 |
| NA | 4 | $1,280,000 | $320,000 |
Rhode Island's most frequently cited loan purpose was Home Purchase, with 10,081 originations. The 2nd most popular reason was Refi, with 3,385 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 9,015 | $3,437,615,000 | $381,322 |
| 7-8% | 5,336 | $1,611,380,000 | $301,983 |
| Over 8% | 4,835 | $932,825,000 | $192,932 |
| 5-6% | 2,370 | $971,170,000 | $409,776 |
| <2.5% | 354 | $7,080,000 | $20,000 |
| 4-5% | 330 | $112,280,000 | $340,242 |
| 3-4% | 45 | $9,295,000 | $206,556 |
| 2.5-3% | 9 | $3,765,000 | $418,333 |
During 2024, Rhode Island's most frequently originated rate bucket was 6-7%, with 9,015 originations.
Loan Sizing (Rhode Island MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 7,422 | $2,231,540,000 | $300,666 |
| $100,000 or less | 4,919 | $256,675,000 | $52,180 |
| $400k-600k | 4,424 | $2,116,610,000 | $478,438 |
| $100k-200k | 3,939 | $536,615,000 | $136,231 |
| $600k-1000k | 1,399 | $999,915,000 | $714,736 |
| $Over $1MM | 380 | $998,300,000 | $2,627,105 |
Rhode Island's loan sizing saw the bucket of loans from $200k-400k with 7,422 originations, totaling $2,231,540,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,872 | $2,637,220,000 | $449,118 |
| Under 20% | 5,046 | $350,210,000 | $69,403 |
| 60-80% | 4,483 | $2,252,275,000 | $502,404 |
| 20-40% | 3,779 | $693,155,000 | $183,423 |
| 40-60% | 2,324 | $939,060,000 | $404,071 |
| Over 100% | 164 | $110,220,000 | $672,073 |
Rhode Island's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,872 originations, totaling $2,637,220,000 in origination value.