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Washington County, Rhode Island
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lenders reported 4,708 mortgage applications in Washington County, Rhode Island, for 2024, and originated 2,958 loans worth $1.0bn.
That is 56.3 originations per 1,000 households, against 51.4 for Rhode Island and 48.0 nationally.
The county's denial rate was 20.5%, below the state rate of 25.7%. The median rate spread on originated loans was 0.2 percentage points and 10.4% of originations were 1.5 points or more above the average prime offer rate.
44 lenders reached 25 applications in the county; the most active by originations were CBNA Year to Date (380), The Washington Trust Company, of Westerly (309) and Westerly Community Credit Union (223).
Originations were up 10% on 2023.
Most active lenders
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 44. Denial rate is denials over decided applications in this county.
Compared with Rhode Island and the nation
| Measure | This county | Rhode Island | United States |
|---|---|---|---|
| Denial rate | 20.5% | 25.7% | 24.3% |
| Median rate spread, pp | 0.2 | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.4% | 13.1% | 15.6% |
| Average originated loan | $355k | $317k | $329k |
| Originations per 1,000 households | 56.3 | 51.4 | 48.0 |
| Home purchase share of originations | 40.1% | 45.1% | 57.0% |
| FHA-insured share | 4.5% | 12.2% | 13.4% |
| VA-guaranteed share | 3.7% | 3.8% | 7.9% |
Rate spread distribution
Share of 2,725 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Rhode Island). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 40% (1,185)Home improvement 18% (545)Refinancing 16% (479)Cash-out refinancing 12% (343)Other purpose 14% (406)
By type
Conventional 92% (2,714)FHA 4% (132)VA 4% (108)USDA 0% (4)
Trend by year
ApplicationsOriginations
This countyRhode Island
Questions and answers
Which lenders are most active in Washington County, RI?
By 2024 originations: CBNA Year to Date (380), The Washington Trust Company, of Westerly (309), Westerly Community Credit Union (223), Navigant Credit Union (148), Coastal1 Credit Union (113). 44 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Washington County?
20.5% of decided applications were denied in 2024, against 25.7% across Rhode Island and 24.3% nationally.
How many mortgages were originated in Washington County in 2024?
2,958 loans totalling $1.0bn, from 4,708 applications; 56.3 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 44009; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.