BankNewport
BankNewport received 1,112 applications in 2025 and made 710 mortgages, in 21 counties across 5 states. The median rate its borrowers got was 6.625% on a median loan of $265,000. Of 962 decisions, 229 were denials — 23.8%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300RYJCJ7JPQ4RF20 |
|---|---|
| Applications received | 1,112 |
| Mortgages made | 710 |
| Denied | 229 |
| Approved, not taken up | 23 |
| Withdrawn or incomplete | 150 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | -0.0985 points |
| FDIC-insured bank | Yes: BankNewport, 20 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 266 | 6.625% | $415,000 | 12.0% |
| Refinancing | 40 | 6.495% | $460,000 | 15.4% |
| Cash-out refinancing | 169 | 7.375% | $205,000 | 23.7% |
| Other purposes | 235 | 6.490% | $125,000 | 35.3% |
Where BankNewport lends most
The 21 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Newport County, RI | 247 | 6.740% | 21.5% |
| Providence County, RI | 173 | 6.500% | 29.6% |
| Kent County, RI | 90 | 6.750% | 19.8% |
| Washington County, RI | 82 | 6.490% | 18.9% |
| Bristol County, RI | 64 | 6.745% | 15.6% |
| Bristol County, MA | 26 | 6.745% | 35.0% |
| Middlesex County, MA | 5 | Under 10 loans | 44.4% |
| Norfolk County, MA | 4 | Under 10 loans | 33.3% |
| Southeastern Connecticut Planning Region, CT | 3 | Under 10 loans | 0.0% |
| Plymouth County, MA | 3 | Under 10 loans | 25.0% |
| Suffolk County, MA | 3 | Under 10 loans | 40.0% |
| Capitol Planning Region, CT | 2 | Under 10 loans | 0.0% |
| Greater Bridgeport Planning Region, CT | 1 | Under 10 loans | 0.0% |
| Naugatuck Valley Planning Region, CT | 1 | Under 10 loans | 0.0% |
| Northeastern Connecticut Planning Region, CT | 1 | Under 10 loans | 50.0% |
| South Central Connecticut Planning Region, CT | 1 | Under 10 loans | 50.0% |
| Barnstable County, MA | 1 | Under 10 loans | 0.0% |
| Hampden County, MA | 1 | Under 10 loans | 50.0% |
| Worcester County, MA | 1 | Under 10 loans | 50.0% |
| Wake County, NC | 1 | Under 10 loans | 0.0% |
| Palm Beach County, FL | 0 | Under 10 loans | 100.0% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.