Mortgage Approval and Denial Rates in Rhode Island (2025 HMDA)
Mortgage denial rates in Rhode Island: lenders acted on 43,428 mortgage applications in Rhode Island in 2025 and denied 18.6% of them, down from 21.0% in 2024. The national denial rate was 17.7%.
Applications acted on
43,428
Loans originated
25,984
Denial rate
18.6%
Median loan
$255,000
Rhode Island against the national picture
Most-reported denial reason in Rhode Island: Debt-to-income ratio.
Counties ranked by denial rate
| County | Applications | Denial rate | Median loan |
|---|---|---|---|
| Providence County | 24,413 | 20.3% | $255,000 |
| Newport County | 3,325 | 17.3% | $305,000 |
| Washington County | 5,594 | 16.5% | $275,000 |
| Kent County | 8,220 | 16.4% | $225,000 |
| Bristol County | 1,876 | 15.1% | $285,000 |
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Reading these numbers
The denial rate counts applications the lender acted on, so withdrawn files do not inflate it. A high rate does not automatically mean strict lenders: counties with many first-time or lower-income applicants tend to show higher denial rates because of debt-to-income and credit-history thresholds, which are the two reasons lenders report most often. Median loan amount and median applicant income are computed from the same application records, so they describe who is applying — not who ends up buying.
Source: Consumer Financial Protection Bureau, HMDA Data Browser (2025 loan application register). Latest observation 2026-08-23.