Washington County
Rhode Island · FIPS 44009
According to CFPB HMDA 2024 application volume among U.S. counties, Washington County ranks #500 of 3,210, and #3 of 5 in Rhode Island.
Mortgage lending activity in Washington 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. Washington County, Rhode Island saw 5,089 HMDA-reported mortgage applications in 2024. Lenders originated 2,955 of those loans and denied 789, producing a denial rate of 15.5% and an approval (origination) rate of 58.1%. The average loan amount was $347,606 at an average note rate of 7.26%, with applicants self-reporting average annual income of $38K. 220 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 9.1x, meaning typical borrowers took on mortgages of about 9.1 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 Washington County
In Washington County, lead originator CBNA Year to Date funded 12.9% of 2,955 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 30.9% 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 Washington County's 5,089 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Washington County's $347,606 average loan (deduped against volume peers).
Lenders active in Washington County
CBNA Year to Date funded 380 of the 2,955 loans originated in Washington County, 12.9% of the county. 220 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | CBNA Year to Date | 380 | 12.9% |
| 2 | The Washington Trust Company, of Westerly | 309 | 10.5% |
| 3 | Westerly Community Credit Union | 223 | 7.5% |
| 4 | Navigant Credit Union | 148 | 5.0% |
| 5 | Coastal1 Credit Union | 113 | 3.8% |
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 Washington 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 Washington 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.