Rhode Island · Q1 2026
What Rhode Island borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 261 lenders.
Published 2026-04-29.
Rhode Island · headline
The gap between Rhode Island's lowest- and highest-cost ranked lenders in 2025 was $6,403 on a typical loan — borrowers using American Neighborhood Mortgage Acceptance Company LLC paid roughly 196% more than borrowers using Navigant Credit Union on similar loans.
Source: FFIEC HMDA 2025 (n=14,634)
In 2025, 261 mortgage lenders originated 14,634 reportable loans in Rhode Island according to FFIEC HMDA data. The median borrower paid $5,837 in total loan costs. That is 37.6% above the national median across all 50 states and DC.
Rhode Island's median total loan cost was $5,837, 37.6% above the national median of $4,242. On a typical loan, that translates to roughly $1,595 more than borrowers paid in the average state.
Navigant Credit Union posted the lowest median total loan costs at $3,272, 43.9% below the Rhode Island median. Across the ranked lenders, 10 earned an A grade against peer averages and 3 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Rhode Island are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,482 | $3,414 | 1,015 | A |
| 2 | Movement Mortgage | $5,471 | $1,845 | 926 | A |
| 3 | Navigant Credit Union | $3,272 | $695 | 814 | A |
| 4 | Primary Residential Mortgage, Inc. | $9,625 | $7,071 | 684 | F |
| 5 | The Washington Trust Company, of Westerly | $4,278 | $1,499 | 583 | A |
| 6 | CMG Financial | $6,182 | $2,493 | 539 | A |
| 7 | Guild Mortgage | $4,577 | $1,783 | 511 | A |
| 8 | United Wholesale Mortgage | $8,749 | $3,690 | 469 | D |
| 9 | loanDepot.com, LLC | $7,182 | $3,999 | 377 | B |
| 10 | Baycoast Mortgage Company, LLC | $4,680 | $1,590 | 368 | A |
Rhode Island median total loan cost
Rhode Island borrowers paid a median $5,837 in total loan costs in 2025, based on 14,634 HMDA-reported loans across 261 lenders.
FFIEC HMDA 2025
Lender spread in Rhode Island
In Rhode Island, the gap between Navigant Credit Union ($3,272 median) and American Neighborhood Mortgage Acceptance Company LLC ($9,675 median) was $6,403 on a typical 2025 loan.
FFIEC HMDA 2025
Rhode Island vs. national
Rhode Island closing costs ran 37.6% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Rhode Island was $2,175, with the typical lender clustering tightly around that figure. Discount points appeared on 48% of loans, with a median paid amount of $2,553 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 29% of loans, with a median credit of $550.
Avg $4,473
Median $2,553 when present
Median $550 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Rhode Island) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Rhode Island
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