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MARKET BENCHMARKS · HMDA PUBLIC DATA

Rhode Island mortgage market benchmarks

Rhode Island origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

26,004

+14.6% vs 2024

2024: 22,697

Volume 2025

$9.02B

originated $
2024: $7.18B

Denial rate 2025

18.7%

denied / actioned
2024: 21.0% denied / actioned

Reporting lenders 2025

464

HMDA reporters
2024: 433 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$5B$10B$15B$20B20182019202020212022202320242025$9.02B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%12.9%25.8%2018201920202021202220232024202518.7%

Rhode Island market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
202546443,71926,004$9.02B2025 origination volume26,004 loans originated18.7%2025 denial rate43,719 applications actioned40.8%49.1%
202443338,86522,697$7.18B2024 origination volume22,697 loans originated21.0%2024 denial rate38,865 applications actioned45.1%41.0%
202343535,73020,671$6.01B2023 origination volume20,671 loans originated22.5%2023 denial rate35,730 applications actioned44.7%36.9%
202246652,33232,193$9.91B2022 origination volume32,193 loans originated18.3%2022 denial rate52,332 applications actioned40.4%54.0%
202148382,43854,783$15.62B2021 origination volume54,783 loans originated13.4%2021 denial rate82,438 applications actioned29.4%82.9%
202048877,34851,146$13.63B2020 origination volume51,146 loans originated12.9%2020 denial rate77,348 applications actioned29.3%79.0%
201947155,72835,114$8.55B2019 origination volume35,114 loans originated18.5%2019 denial rate55,728 applications actioned40.8%61.0%
201843348,39129,845$6.65B2018 origination volume29,845 loans originated21.1%2018 denial rate48,391 applications actioned46.4%49.1%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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