Rhode Island Mortgage Lenders and Rates (RI)

In Rhode Island, finding the right mortgage can save you thousands of dollars. Mortgage-Info.us was created for that purpose. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers – we’ve have them. When you fill out our mortgage quote form, you’ll get offers from 2-4 different lenders that will compete to save you money.

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Featured Mortgage Lenders in Rhode Island

Rhode Island Mortgage Quick Facts

Rhode Island State Population: 1,048,319*
Median Rhode Island Home Price: $133,000* 
Total Rhode Island Housing Units: 
House Ownership Rate in Rhode Island
: 60%*

Types of Mortgage Loans

How Your Credit Score Affects Your Mortgage Rate

To start with, you’ll need to know what your current credit score is . You should compare that against the average Rhode Island consumer credit score of 694, and the national average credit score of 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, but your credit score is always important factors.

Rhode Island Mortgage State Laws:


Rhode Island practices non-judicial foreclosure. Mortgagees are allowed to bid for foreclosure properties at public auction, just as any other person may. Foreclosure sales must be advertised in local newspapers once a week for three weeks prior to the property sale. The mortgagor must receive written notice of the foreclosure auction via certified mail. The letter will be sent to the property in question, and the mortgagor’s address listed at the tax office, if different. The winning bidder at the auction will receive a certificate of sale.

Predatory Lending

Rhode Island passed Section 1203 in 2003. Section 1203 initiated the creation of a research group that’s function was to discover ways to protect consumers from predatory lending. The committee consisted of eleven people, and no more than two were allowed to be from the same political party.

RI Mortgage Fraud Office
White Collar Crime Supervisor
One Center Plaza, Suite 600
Boston, MA 02108
Phone: (617) 223-6477

Rhode Island Counties:

Bristol County, Kent County, Newport County, Providence County, Washington County

-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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