What loan types does The Washington Trust Company, of Westerly offer?

The Washington Trust Company, of Westerly offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does The Washington Trust Company, of Westerly offer mortgages?

The Washington Trust Company, of Westerly offers mortgages in 4 states: CT, MA, NH, RI.

How competitive are The Washington Trust Company, of Westerly's mortgage rates?

The Washington Trust Company, of Westerly has an overall pricing score of 75.6/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is The Washington Trust Company, of Westerly?

The Washington Trust Company, of Westerly is a Bank headquartered in Westerly, RI.

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The Washington Trust Company, of Westerly

Bank•Westerly, RIHQ•Direct•Reviews near you on Google

We analyzed every closed loan from The Washington Trust Company, of Westerly — 460 loans across 656 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Strong

4/5

FHA · Conventional · VA · Jumbo

Place

Strong

4/5

Regional · 2 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

Conventional

Superstar

FHA

Superstar

Purchase

Superstar

Summary

What They Do Well

Offers rates 15.00 basis points below market average
Lower than average lender fees
Strong pull through performance
Particularly strong in Conventional and FHA and Jumbo loans

Explore another lender or local market

Report Card

The Washington Trust Company, of Westerly performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

Rates 15.0 bps below market avg

4/5

Pull Through

Closing strength

Strong

Top 40% of lenders

4/5

By Loan Product· Specialization by type

Conventional

341 loans · 0.23% below market

Strong

Top 40% of lenders

4/5

FHA

89 loans · 0.13% above market

Strong

Top 40% of lenders

4/5

13 loans · 0.42% below market

Sound

Top 60% of lenders

3/5

Jumbo

17 loans · 0.34% above market

Strong

Top 40% of lenders

4/5

By Loan Purpose· Transaction purpose mix

Purchase

404 loans · 0.19% below market

Strong

Top 40% of lenders

4/5

Refinance

56 loans · 0.09% above market

Sound

Top 60% of lenders

3/5

By Location· Geographic coverage

Geographic Reach

Regional · 2 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	Strong	Strong	Strong	Strong	341	74.1%	-0.228%Below	$1,493Fees
FHA Loans	Strong	Strong	Exceptional	Sound	89	19.3%	+0.128%Above	$2,005Fees
VA Loans	Sound	Sound	—	Sound	13	2.8%	-0.417%Below	$768Fees
Jumbo Loans	Strong	Strong	—	Strong	17	3.7%	+0.336%Above	$1,659Fees

Conventional

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume341

Mix74.1%

Spread

-0.228%Below

Fees

$1,493Fees

FHA Loans

Overall

Strong

Product

Strong

Pricing

Exceptional

Pull Through

Sound

Volume89

Mix19.3%

Spread

+0.128%Above

Fees

$2,005Fees

VA Loans

Overall

Sound

Product

Sound

Pricing—

Pull Through

Sound

Volume13

Mix2.8%

Spread

-0.417%Below

Fees

$768Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Strong

Volume17

Mix3.7%

Spread

+0.336%Above

Fees

$1,659Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Strong	Strong	404	87.8%	-0.191%Below	$1,597Fees
Refinance	Sound	Sound	Strong	Sound	56	12.2%	+0.089%Above	$1,442Fees

Purchase

Overall

Strong

Product

Strong

Pricing

Strong

Pull Through

Strong

Volume404

Mix87.8%

Spread

-0.191%Below

Fees

$1,597Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Strong

Pull Through

Sound

Volume56

Mix12.2%

Spread

+0.089%Above

Fees

$1,442Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

460

Applications

656

Volume

$186 million

Pricing & Closing

Avg Rate Spread

-0.150%

vs. market APOR

Avg Net Fees

$1,574

Origination − Credits

Pullthrough Rate

70.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$405,978

Avg Borrower Income

$155,496

Avg Property Value

$571,326

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

< 2020–5050+None

Northeast4

CTMANHRI

Top Metro Areas by Place Specialization Score

Providence, RI-MAMetro

Volume 408Mix 88.70% of portfolio

96/100

Exceptional

Norwich, CTMetro

Volume 13Mix 2.83% of portfolio

49/100

Sound

Top States by Place Specialization Score

Rhode IslandState

Volume 396Mix 86.09% of portfolio

96/100

Exceptional

MassachusettsState

Volume 39Mix 8.48% of portfolio

55/100

Sound

ConnecticutState

Volume 24Mix 5.22% of portfolio

50/100

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.