Purchase Originations
395
Median Total Costs
$4,715
−29.4% vs national ($6,680)
↑ $126 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,499
Median Lender Credits
$150
Denial Rate
6.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 309 | 6.125% | $4,508 | $1,499 |
| fha | 71 | 6.250% | $12,765 | $1,499 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 340 | 6.250% | $4,606 | #4 |
| Massachusetts | 27 | 6.250% | $12,127 | — |
| Connecticut | 25 | 6.375% | $5,156 | — |
| New Hampshire | 3 | 6.124% | $4,528 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,697 | 5.990% | — | 1 | −$1,018 | |
| 2 | $4,006 | 6.500% | — | 1 | −$709 | |
| 3 | $4,344 | 6.624% | — | 48 | −$371 | |
| 4 | $4,528 | 6.124% | — | 1 | −$187 | |
| 5 | $4,567 | 5.875% | — | 217 | −$148 | |
| 6 | $4,568 | 6.500% | — | 4 | −$147 | |
| 7 | $4,851 | 6.490% | — | 15 | +$136 | |
| 8 | $4,908 | 6.125% | — | 2 | +$193 | |
| 9 | $5,088 | 6.375% | — | 62 | +$373 | |
| 10 | $6,238 | 6.120% | — | 6 | +$1,523 | |
| 11 | $6,599 | 6.125% | — | 11 | +$1,884 | |
| 12 | $6,822 | 7.750% | — | 1 | +$2,107 | |
| 13 | $6,871 | 6.875% | — | 1 | +$2,156 | |
| 14 | $8,546 | 6.125% | — | 4 | +$3,831 | |
| 15 | $8,755 | 6.250% | — | 1 | +$4,040 | |
| 16 | $9,272 | 6.620% | — | 2 | +$4,557 | |
| 17 | $11,284 | 6.250% | — | 1 | +$6,569 | |
| 18 | $12,127 | 6.500% | — | 3 | +$7,412 | |
| 19 | $17,951 | 6.124% | — | 10 | +$13,236 | |
| 20 | $22,765 | 6.125% | — | 3 | +$18,050 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | The Washington Trust Company, of Westerly | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $385,000 | $335,000 | +$50,000 (+14.9%) |
| Median total closing costs | $4,715 | $7,127 | −$2,412 (−33.8%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.