Mortgage lender closing cost rankings in Rhode Island (2024)
In Rhode Island, homebuyers paid a median of $5,612 in total closing costs on purchase mortgages in 2024, which is below the national median of $6,741. The median interest rate was 6.62% across 7,567 purchase originations. The most active lender was MOVEMENT MORTGAGE, LLC with 662 originations. The lowest-cost lender (with 50+ loans) was NAVY FEDERAL CREDIT UNION at $3,284.
Median Total Costs
$5,612
−16.8% vs national ($6,741)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$1,895
Purchase Originations
7,567
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 5,496 | 6.625% | $4,839 |
| fha | 1,598 | 6.375% | $14,929 |
| va | 472 | 6.250% | $8,599 |
Lowest closing cost lenders in Rhode Island
Ranked by median total loan costs among lenders with 50+ purchase originations in Rhode Island.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,284 | 6.125% | $0 | 108 | −$2,328 | |
| 2 | $3,546 | 6.750% | $695 | 422 | −$2,066 | |
| 3 | $3,708 | 6.500% | $750 | 111 | −$1,904 | |
| 4 | $3,967 | 6.125% | $995 | 168 | −$1,645 | |
| 5 | $4,163 | 6.625% | $1,421 | 73 | −$1,449 | |
| 6 | $4,175 | 6.500% | $995 | 60 | −$1,437 | |
| 7 | $4,318 | 6.625% | $990 | 135 | −$1,294 | |
| 8 | $4,327 | 6.625% | $895 | 87 | −$1,285 | |
| 9 | $4,420 | 6.624% | $1,399 | 79 | −$1,192 | |
| 10 | $4,462 | 6.375% | $1,499 | 345 | −$1,150 | |
| 11 | $4,467 | 6.625% | $1,200 | 239 | −$1,145 | |
| 12 | $4,869 | 6.875% | $1,590 | 85 | −$743 | |
| 13 | $5,185 | 6.250% | $1,590 | 58 | −$427 | |
| 14 | $5,354 | 6.625% | $1,876 | 309 | −$258 | |
| 15 | $5,385 | 6.625% | $1,771 | 118 | −$227 | |
| 16 | $5,407 | 6.750% | $2,101 | 83 | −$205 | |
| 17 | $5,499 | 6.688% | $2,357 | 120 | −$113 | |
| 18 | $5,902 | 6.375% | $1,687 | 126 | +$290 | |
| 19 | $6,199 | 6.750% | $2,514 | 69 | +$587 | |
| 20 | $6,495 | 6.625% | $2,117 | 662 | +$883 | |
| 21 | $6,520 | 6.625% | $3,254 | 174 | +$908 | |
| 22 | $7,004 | 6.750% | $2,990 | 151 | +$1,392 | |
| 23 | $7,455 | 6.500% | $3,872 | 156 | +$1,843 | |
| 24 | $7,465 | 6.812% | $3,287 | 116 | +$1,853 | |
| 25 | $7,677 | 6.625% | $467 | 89 | +$2,065 |
Includes lenders with 50+ purchase originations in Rhode Island. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
See Rhode Island closing cost details, fee benchmarks, and county comparisons → Rhode Island Closing Costs Guide
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Data source: HMDA Modified Loan Application Register 2024, 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.