# WESTERLY COMMUNITY

> **Canonical URL:** https://saferate.com/lenders/westerly-community


> **📋 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


WESTERLY COMMUNITY is a credit union, headquartered in Westerly, RI, serving borrowers across 2 states, with 62 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 62% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300BUIG4G67S5O712
- **Headquarters:** Westerly, RI
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** CT, RI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 98.8%
- **Brokered/Wholesale:** 1.2%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 38/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.194%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,074
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 62
- **Dollar Volume:** $25 million
- **Applications Received:** 86
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $398,871
- **Average Borrower Income:** $169,000
- **Average Property Value:** $581,935

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 32/100 | 61 | -0.192% | $1,076 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 47 loans, Score: 30/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 31/100 | 48 | $21M | -0.174% | Acceptable 🙂 |
| Refinance | 30/100 | 14 | $4M | -0.258% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| RI | 49 | 0.46% | 70/100 |
| CT | 13 | 0.04% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Providence | RI-MA | 49 | 70/100 |
| Norwich | CT | 10 | 50/100 |

## Where This Lender Ranks

WESTERLY COMMUNITY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Norwich for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/norwich/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Providence for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#4** in Rhode Island for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#5** in Providence Credit Unions
  - [View Full Rankings](https://saferate.com/providence/best-mortgage-lenders/credit-unions)
- 🏆 **#5** in Rhode Island Credit Unions
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions)

## Frequently Asked Questions

### What loan types does WESTERLY COMMUNITY offer?

WESTERLY COMMUNITY offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does WESTERLY COMMUNITY offer mortgages?

WESTERLY COMMUNITY offers mortgages in 2 states: CT, RI.

### How competitive are WESTERLY COMMUNITY's mortgage rates?

WESTERLY COMMUNITY has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.194% below market average.

### What type of lender is WESTERLY COMMUNITY?

WESTERLY COMMUNITY is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Westerly, RI.

### What is WESTERLY COMMUNITY's loan approval success rate?

WESTERLY COMMUNITY has a pull-through score of 38/100 (Acceptable). 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/westerly-community

### How to Cite

> "WESTERLY COMMUNITY Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/westerly-community

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