Newport County
Rhode Island · FIPS 44005
According to CFPB HMDA 2024 application volume among U.S. counties, Newport County ranks #728 of 3,210, and #4 of 5 in Rhode Island.
Mortgage lending activity in Newport County, Rhode Island based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Newport County, Rhode Island saw 2,960 HMDA-reported mortgage applications in 2024. Lenders originated 1,682 of those loans and denied 487, producing a denial rate of 16.4% and an approval (origination) rate of 56.8%. The average loan amount was $415,764 at an average note rate of 7.29%, with applicants self-reporting average annual income of $38K. 168 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 10.9x, meaning typical borrowers took on mortgages of about 10.9 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Newport County
In Newport County, lead originator BankNewport funded 11.1% of 1,682 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 25.3% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Newport County's 2,960 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Newport County's $415,764 average loan (deduped against volume peers).
Lenders active in Newport County
BankNewport funded 187 of the 1,682 loans originated in Newport County, 11.1% of the county. 168 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | BankNewport | 187 | 11.1% |
| 2 | CBNA Year to Date | 163 | 9.7% |
| 3 | Movement Mortgage, LLC | 76 | 4.5% |
| 4 | Navy Federal Credit Union | 76 | 4.5% |
| 5 | Baycoast Mortgage Company, LLC | 68 | 4.0% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Newport County borrowers.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This Newport County page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.