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Centreville Bank

WEST WARWICK, RI

Centreville Bank processed 1,150 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 560 loans with a 10.8% denial rate. Home Purchase was the primary loan purpose. Based in WEST WARWICK, RI. The approval rate of 48.7% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Centreville Bank's 48.7% origination rate tells you how often an application turned into funded money; the 10.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,106 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,150
Applications
560
Originated
10.8%
Denial Rate
$349,417
Avg Loan Amount
Avg Interest Rate: 7.140% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,106 553 122 $348,779
FHA 44 7 2 $365,455

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Centreville Bank (LEI: 549300Q4BYXP7YD9UI61) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
65
Other
37
Collateral
25
Credit history
15
Credit application incomplete
10
Unverifiable information
3
Employment history
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 772 308 $442,137
Home Improvement 176 118 $107,557
Cash-out Refinancing 102 71 $197,647
Other 72 43 $116,111
Refinancing 28 20 $466,071

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 837 51.4% 10.9%
Asian * 40 45.0% 12.5%
Black or African American * 40 20.0% 15.0%
Joint * 19 36.8% 0.0%
American Indian or Alaska Native * 10 30.0% 10.0%
2 or more minority races * 6 33.3% 50.0%
Native Hawaiian or Other Pacific Islander * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 812 52.6% 9.6%
Hispanic or Latino 111 28.8% 11.7%
Joint * 20 40.0% 30.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in RI

Other HMDA-reporting lenders in RI with similar activity. Compare any two side-by-side.

CBNA Year to Date

Providence, RI

116,492 apps 55,183 originated 26.6% denied

Embrace Home Loans, Inc.

Middletown, RI

7,798 apps 4,738 originated 6.8% denied

Beeline Loans, INC.

PROVIDENCE, RI

4,692 apps 320 originated 42.4% denied

Navigant Credit Union

Smithfield, RI

3,426 apps 2,143 originated 19.2% denied

Coastal1 Credit Union

PAWTUCKET, RI

2,133 apps 1,456 originated 24.1% denied
Compare Centreville Bank vs CBNA Year to Date →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Centreville Bank process?
Centreville Bank processed 1,150 mortgage applications in the 2024 HMDA reporting year. Of these, 560 were originated (approved and funded), 61 were withdrawn by the applicant, and 124 were denied.
What is Centreville Bank's mortgage approval rate?
Centreville Bank has an approval (origination) rate of 48.7%, meaning 48.7% of all applications resulted in a funded mortgage. The denial rate is 10.8%.
What is the average loan amount at Centreville Bank?
The average mortgage loan amount at Centreville Bank is $349,417. The average interest rate is 7.140%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Centreville Bank?
The most common reasons for mortgage denial at Centreville Bank are: Debt-to-income ratio, Other, Collateral. In total, 124 applications were denied out of 1,150 total applications.
What types of mortgage loans does Centreville Bank offer?
Centreville Bank processes Conventional, FHA loans. The most common type is Conventional with 1,106 applications and an average loan amount of $348,779.
What loan purposes does Centreville Bank serve?
Centreville Bank serves the following loan purposes: Home Purchase (772 applications), Home Improvement (176 applications), Cash-out Refinancing (102 applications), Other (72 applications), Refinancing (28 applications). Home Purchase is the most common purpose.
Where is Centreville Bank located?
Centreville Bank is headquartered in WEST WARWICK, RI. The lender is identified by LEI 549300Q4BYXP7YD9UI61 in HMDA data.
How does Centreville Bank compare in lending across racial demographics?
Centreville Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 51.4% and denial rate of 10.9%; Asian applicants have an approval rate of 45.0% and denial rate of 12.5%; Black or African American applicants have an approval rate of 20.0% and denial rate of 15.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.