What loan types does Bank Rhode Island offer?

Bank Rhode Island offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does Bank Rhode Island offer mortgages?

Bank Rhode Island offers mortgages in 4 states: CT, FL, MA, RI.

How competitive are Bank Rhode Island's mortgage rates?

Bank Rhode Island has an overall pricing score of 81.3/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Bank Rhode Island?

Bank Rhode Island is a Bank headquartered in Providence, RI.

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Bank Rhode Island

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Bank Rhode Island has 70 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Sound

3/5

Conventional · Jumbo

Place

Strong

4/5

Regional · 1 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Summary

What They Do Well

Offers rates 9.50 basis points below market average
Lower than average lender fees

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Bank Rhode Island performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 9.5 bps below market avg

5/5

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

2/5

By Loan Product· Specialization by type

Conventional

60 loans · 0.10% below market

Acceptable

Bottom 40% of lenders

2/5

Jumbo

10 loans · 0.08% below market

Sound

Top 60% of lenders

3/5

By Loan Purpose· Transaction purpose mix

Purchase

47 loans · 0.15% below market

Acceptable

Bottom 40% of lenders

2/5

Refinance

23 loans · 0.02% above market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

Regional · 1 markets

Strong

Top 40% of lenders

4/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Strong	Acceptable	60	85.7%	-0.096%Below	$545Fees
Jumbo Loans	Sound	Sound	—	—	10	14.3%	-0.081%Below	$500Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Acceptable

Volume60

Mix85.7%

Spread

-0.096%Below

Fees

$545Fees

Jumbo Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through—

Volume10

Mix14.3%

Spread

-0.081%Below

Fees

$500Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Exceptional	Acceptable	47	67.1%	-0.155%Below	$493Fees
Refinance	Sound	Acceptable	—	Sound	23	32.9%	+0.023%Above	$631Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume47

Mix67.1%

Spread

-0.155%Below

Fees

$493Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing—

Pull Through

Sound

Volume23

Mix32.9%

Spread

+0.023%Above

Fees

$631Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

111

Volume

$35 million

Pricing & Closing

Avg Rate Spread

-0.095%

vs. market APOR

Avg Net Fees

$540

Origination − Credits

Pullthrough Rate

63.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$510,571

Avg Borrower Income

$360,943

Avg Property Value

$894,857

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

4Full-year 2024 · HMDA

Loans originated

< 1010+None

Northeast3

CTMARI

South1

Top Metro Areas by Place Specialization Score

Providence, RI-MAMetro

Volume 60Mix 85.71% of portfolio

72/100

Strong

Top States by Place Specialization Score

Rhode IslandState

Volume 55Mix 78.57% of portfolio

72/100

Strong

MassachusettsState

Volume 12Mix 17.14% of portfolio

46/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.