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2024 data HMDA 2024 disclosure official source

Newport County

2,960 mortgage applications, 16.4% denial rate. Verify FIPS 44005 with U.S. Census Bureau →

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Rhode Island · FIPS 44005

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.

FIPS 44005 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,960
Applications
1,682
Originated
16.4%
Denial Rate
56.8%
Approval Rate
$415,764
Avg Loan Amount
7.29%
Avg Interest Rate
$38K
Avg Applicant Income
10.9x
Loan-to-Income Ratio

Nearby Lenders in Newport County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# 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%
Compare BankNewport vs CBNA Year to Date →

Frequently Asked Questions

How many mortgage applications were filed in Newport County?
In the 2024 HMDA reporting year, 2,960 mortgage applications were filed in Newport County, Rhode Island. Of these, 1,682 were originated (approved and funded), while 487 were denied, resulting in a denial rate of 16.4%.
What is the mortgage denial rate in Newport County?
The mortgage denial rate in Newport County is 16.4%. The approval (origination) rate is 56.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Newport County?
The average mortgage loan amount in Newport County is $415,764. The average interest rate is 7.286%. The average applicant income is $38K.
What is the loan-to-income ratio in Newport County?
The average loan-to-income ratio in Newport County is 10.9x, meaning borrowers took on loans averaging 10.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Newport County?
The top mortgage lenders in Newport County by origination volume are BankNewport, CBNA Year to Date, Movement Mortgage, LLC. In total, 168 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

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.

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 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.