What loan types does BankNewport offer?

BankNewport offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does BankNewport offer mortgages?

BankNewport offers mortgages in 3 states: CT, MA, RI.

How competitive are BankNewport's mortgage rates?

BankNewport has an overall pricing score of 54.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is BankNewport?

BankNewport is a Bank headquartered in Newport, RI.

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BankNewport

Bank•Newport, RIHQ•Direct•Reviews near you on Google

BankNewport has 190 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Sound

3/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

Conventional · Jumbo

Place

Exceptional

5/5

Regional · 1 mkts

Explore another lender or local market

Report Card

BankNewport performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

+17.3 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Sound

Top 60% of lenders

Jumbo

Strong

Top 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Sound

Top 60% of lenders

Refinance

Sound

Top 60% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 1 markets

Exceptional

Top 20% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Sound	164	86.3%	+0.153%Above	$1,150Fees
Jumbo Loans	Strong	Strong	—	Strong	18	9.5%	+0.301%Above	$1,694Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume164

Mix86.3%

Spread

+0.153%Above

Fees

$1,150Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing—

Pull Through

Strong

Volume18

Mix9.5%

Spread

+0.301%Above

Fees

$1,694Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Sound	164	86.3%	+0.148%Above	$1,141Fees
Refinance	Sound	Sound	Sound	Sound	26	13.7%	+0.330%Above	$1,218Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume164

Mix86.3%

Spread

+0.148%Above

Fees

$1,141Fees

Refinance

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume26

Mix13.7%

Spread

+0.330%Above

Fees

$1,218Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

190

Applications

270

Volume

$83 million

Pricing & Closing

Avg Rate Spread

+0.173%

vs. market APOR

Avg Net Fees

$1,151

Origination − Credits

Pullthrough Rate

70.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$441,789

Avg Borrower Income

$197,016

Avg Property Value

$656,158

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Exceptional

5/5

States with Loan Originations

Northeast3

CTMARI

Top Metro Areas by Place Specialization Score

Providence, RI-MAMetro

Volume 179Mix 94.21% of portfolio

86/100

Exceptional

Top States by Place Specialization Score

Rhode IslandState

Volume 168Mix 88.42% of portfolio

86/100

Exceptional

MassachusettsState

Volume 20Mix 10.53% of portfolio

49/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.