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investment property improvement lenders · HMDA 2023–2025

Investment property improvement lenders in Rhode Island

Fat Boy Data analyzed investment home improvement loan activity in Rhode Island to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 809 applications were decided by 87 lenders between 2023 and 2025.

Rhode Island at a glance

87Active lenders8 with 20+ decisions
47.8%Market approval rate387 of 809 decided
$205KTypical loanmedian lender, $10K brackets
95%Borrower take-up368 loans funded

How Rhode Island compares

Approval rate compared
Rhode Island47.8%All 616 counties51.2%
Typical loan compared
Rhode Island$205KAll 616 counties$115K

What the data shows

The Washington Trust Company, of Westerly made the most investment home improvement loans in Rhode Island, 70 of them.

Westerly Community approved the highest share of applications among lenders with at least 20 decisions here, 83% of 24.

The typical investment home improvement loan here is $205K, 78% larger than the the United States typical of $115K.

No lender with a meaningful sample here has a typical investment home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 8 lenders with 20+ decisions here
0%25%50%75%100%Bank of America, National Association: 15% approved of 55Citizens Bank, National Association: 30% approved of 143TD Bank, National Association: 42% approved of 69Navigant Credit Union: 50% approved of 24The Washington Trust Company, of Westerly: 52% approved of 143Greenwood Credit Union: 67% approved of 36Centreville Bank: 78% approved of 36Westerly Community: 83% approved of 24

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Investment property improvement lenders in Rhode Island

LenderApprovalApprovedTaken upTypical loanLoans made
1Citizens Bank, National Association30%43 / 14398%$325K42
2The Washington Trust Company, of Westerly52%74 / 14395%$255K70
3TD Bank, National Association42%29 / 69100%$155K29
4Bank of America, National Association15%8 / 55100%$175K8
5Greenwood Credit Union67%24 / 3679%$105K19

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 82 more lenders.

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You are seeing the 5 largest investment home improvement loan lenders in Rhode Island. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Rhode Island

Counties in Rhode Island