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2024 data HMDA 2024 disclosure official source

Providence County

23,970 mortgage applications, 21.6% denial rate. Verify FIPS 44007 with U.S. Census Bureau →

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Rhode Island · FIPS 44007

Local mortgage market. Providence County, Rhode Island saw 23,970 HMDA-reported mortgage applications in 2024. Lenders originated 12,433 of those loans and denied 5,181, producing a denial rate of 21.6% and an approval (origination) rate of 51.9%. The average loan amount was $269,916 at an average note rate of 7.13%, with applicants self-reporting average annual income of $40K. 308 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.7x, meaning typical borrowers took on mortgages of about 6.7 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 44007 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

23,970
Applications
12,433
Originated
21.6%
Denial Rate
51.9%
Approval Rate
$269,916
Avg Loan Amount
7.13%
Avg Interest Rate
$40K
Avg Applicant Income
6.7x
Loan-to-Income Ratio

Nearby Lenders in Providence 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 CBNA Year to Date 1,432 11.5%
2 Navigant Credit Union 1,378 11.1%
3 Coastal1 Credit Union 779 6.3%
4 Movement Mortgage, LLC 580 4.7%
5 Rocket Mortgage 459 3.7%
Compare CBNA Year to Date vs Navigant Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Providence County?
In the 2024 HMDA reporting year, 23,970 mortgage applications were filed in Providence County, Rhode Island. Of these, 12,433 were originated (approved and funded), while 5,181 were denied, resulting in a denial rate of 21.6%.
What is the mortgage denial rate in Providence County?
The mortgage denial rate in Providence County is 21.6%. The approval (origination) rate is 51.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Providence County?
The average mortgage loan amount in Providence County is $269,916. The average interest rate is 7.132%. The average applicant income is $40K.
What is the loan-to-income ratio in Providence County?
The average loan-to-income ratio in Providence County is 6.7x, meaning borrowers took on loans averaging 6.7 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Providence County?
The top mortgage lenders in Providence County by origination volume are CBNA Year to Date, Navigant Credit Union, Coastal1 Credit Union. In total, 308 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.