# The Washington Trust Company, of Westerly

> **Canonical URL:** https://saferate.com/lenders/the-washington-trust-company-of-westerly


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The Washington Trust Company, of Westerly is a bank, headquartered in Westerly, RI, serving borrowers across 4 states, with 460 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 24% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 33% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300HKYBSATM44Q425
- **Headquarters:** Westerly, RI
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CT, MA, NH, RI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 90.1%
- **Brokered/Wholesale:** 9.9%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.150%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,574
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 460
- **Dollar Volume:** $187 million
- **Applications Received:** 656
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $405,978
- **Average Borrower Income:** $155,496
- **Average Property Value:** $571,326

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 62/100 | 341 | -0.228% | $1,493 | Strong 😀 |
| FHA | 67/100 | 89 | +0.128% | $2,005 | Strong 😀 |
| VA | 59/100 | 13 | -0.417% | $768 | Sound ☺️ |
| Jumbo | 68/100 | 17 | +0.336% | $1,659 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 293 loans, Score: 62/100 (Strong)
- Refinance: 48 loans, Score: 54/100 (Sound)

**FHA:**
- Purchase: 84 loans, Score: 66/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 64/100 | 404 | $166M | -0.191% | Strong 😀 |
| Refinance | 54/100 | 56 | $21M | +0.089% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| RI | 396 | 3.69% | 96/100 |
| MA | 39 | 0.06% | 55/100 |
| CT | 24 | 0.07% | 50/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Providence | RI-MA | 408 | 96/100 |
| Norwich | CT | 13 | 49/100 |

## Where This Lender Ranks

The Washington Trust Company, of Westerly appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Rhode Island for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Rhode Island Banks
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks)
- 🥈 **#2** in Rhode Island for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Providence Banks
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks)
- 🥉 **#3** in Providence for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Providence for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Rhode Island
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders)
- 🥉 **#3** in Rhode Island for Conventional Loans
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/conventional-loans)
- 🏆 **#4** in Providence for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Rhode Island for FHA Loans
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/fha-loans)
- 🏆 **#4** in Rhode Island for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Rhode Island for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Providence
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders)
- 🏆 **#5** in Providence for Conventional Loans
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in Providence for Jumbo Loans
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Rhode Island for Jumbo Loans
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Norwich for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#6** in Providence for FHA Loans
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/fha-loans)
- 🏆 **#6** in Providence for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/banks/va-loans)
- 🏆 **#13** in Norwich for Conventional Loans
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does The Washington Trust Company, of Westerly offer?

The Washington Trust Company, of Westerly offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Washington Trust Company, of Westerly offer mortgages?

The Washington Trust Company, of Westerly offers mortgages in 4 states: CT, MA, NH, RI.

### How competitive are The Washington Trust Company, of Westerly's mortgage rates?

The Washington Trust Company, of Westerly has a pricing score of 76/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.150% below market average.

### What type of lender is The Washington Trust Company, of Westerly?

The Washington Trust Company, of Westerly is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Westerly, RI.

### What is The Washington Trust Company, of Westerly's loan approval success rate?

The Washington Trust Company, of Westerly has a pull-through score of 67/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-washington-trust-company-of-westerly

### How to Cite

> "The Washington Trust Company, of Westerly Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-washington-trust-company-of-westerly

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