Lowest closing cost mortgage lenders in Newport County County, Rhode Island
In Newport County, Rhode Island, homebuyers paid a median of $5,246 in closing costs in 2024 — below the Rhode Island median of $5,612. The county saw 499 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, NAVY FEDERAL CREDIT UNION offered the lowest median costs at $3,561, which is $1,409 less than the county median.
Homebuyers in Newport County County who chose NAVY FEDERAL CREDIT UNION paid $1,685 less in closing costs than the county median.
County Median Costs
$5,246
−6.5% vs Rhode Island ($5,612)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$1,590
Purchase Originations
499
vs Rhode Island Median
6.5% below
$-366
vs National Median
22.2% below
$-1,495
Lender rankings in Newport County County
12 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,561 | 6.250% | $0 | 14 | −$1,409 | |
| 2 | $3,844 | 6.500% | $599 | 15 | −$1,126 | |
| 3 | $3,982 | 6.625% | $695 | 11 | −$988 | |
| 4 | $4,075 | 6.625% | $699 | 13 | −$895 | |
| 5 | $4,310 | 6.625% | $1,345 | 34 | −$660 | |
| 6 | $4,627 | 6.874% | $1,509 | 10 | −$343 | |
| 7 | $4,853 | 6.875% | $1,640 | 13 | −$117 | |
| 8 | $4,970 | 6.875% | $1,695 | 35 | +$0 | |
| 9 | $5,038 | 6.750% | $990 | 23 | +$68 | |
| 10 | $5,815 | 6.990% | $2,736 | 32 | +$845 | |
| 11 | $6,698 | 6.625% | $1,338 | 11 | +$1,728 | |
| 12 | $7,542 | 6.625% | $5,062 | 11 | +$2,572 |
Includes lenders with 10+ purchase originations in Newport County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in Rhode Island → Lender Directory
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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.