Safe Rate Rankings

Best Conventional Mortgage Lenders in Providence

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ 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.

Market

Total Lenders137

Total Loans15,285

Median Rate Spread0.26%

Providence Market Insights

Navigant Credit Union is Safe Rate's top-ranked Conventional lender in Providence, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Providence, Navy Federal Credit Union and Navigant Credit Union scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #4 in Providence, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Providence: Rocket Mortgage (#5) and Navigant Credit Union (#1).

Explore Rankings by Type

Overall Rankings

All lenders in Providence

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	NAVIGANT CREDIT UNION Credit UnionDirect	Exceptional	Exceptional	Strong	Strong	Exceptional	$809Fees	0.344%Below	593
2	Leader Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$922Fees	0.023%Below	213
3	BAYCOAST MORTGAGE COMPANY, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Strong	Strong	Exceptional	$1,145Fees	0.031%Below	585
4	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$2,870Fees	0.264%Above	883
5	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$4,806Fees	0.279%Above	890
6	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Strong	$647Fees	0.471%Below	170
7	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$683Fees	0.013%Above	114
8	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,524Fees	0.331%Above	891
9	The Washington Trust Company, of Westerly BankDirect	Strong	Strong	Strong	Strong	Exceptional	$1,544Fees	0.186%Below	408
10	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Exceptional	$1,822Fees	0.039%Above	279
11	Fall River Five Cents Savings Bank BankDirect	Strong	Exceptional	Strong	Strong	Exceptional	$1,201Fees	0.067%Above	260
12	Bank of America, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$2,160Fees	0.136%Below	110
13	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,857Fees	0.305%Above	714
14	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,090Fees	0.505%Above	539
15	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,676Fees	0.471%Above	359
16	Centreville Bank BankDirect	Strong	Exceptional	Sound	Sound	Exceptional	$862Fees	0.375%Below	208
17	HARBORONE MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,558Fees	0.202%Above	150
18	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,288Fees	0.090%Above	118
19	COASTAL1 Credit Union Credit UnionDirect	Strong	Strong	Sound	Sound	Exceptional	$782Fees	0.060%Below	204
20	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Sound	Sound	$240Fees	0.406%Below	35
21	NFM, INC. Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$4,405Fees	0.636%Above	567
22	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,367Fees	0.316%Above	284
23	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,584Fees	0.334%Above	241
24	Northpointe Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$3,505Fees	0.306%Above	216
25	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,239Fees	0.457%Above	314
26	Easthampton Savings Bank BankDirect	Strong	Strong	Strong	Strong	Strong	$625Fees	0.061%Above	53
27	NBKC BANK BankDirect	Strong	Exceptional	Strong	Sound	Sound	$636Fees	0.183%Below	41
28	PRIMARY RESIDENTIAL MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$5,312Fees	0.567%Above	456
29	TOTAL MORTGAGE SERVICES, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$5,336Fees	0.614%Above	256
30	Rockland Trust Company BankDirect	Strong	Strong	Strong	Sound	Strong	$1,244Fees	0.036%Above	73
31	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Sound	$2,316Fees	0.058%Above	36
32	EMM LOANS LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,032Fees	0.406%Above	108
33	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Strong	$2,700Fees	0.008%Above	83
34	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Sound	Strong	$3,033Fees	0.413%Above	156
35	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$1,364Fees	0.115%Above	125
36	FIRST HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Exceptional	Strong	$6,077Fees	0.533%Above	109
37	Berkshire Bank BankDirect	Strong	Exceptional	Sound	Sound	Sound	$1,237Fees	0.213%Below	32
38	Bristol County Savings Bank BankDirect & Wholesale	Strong	Strong*	Sound	Sound	Exceptional	$883Fees	0.005%Below	134
39	Colorado Federal Savings Bank BankWholesale	Strong	Strong*	Strong	Sound	Strong	$2,045Fees	0.130%Above	64
40	NEW AMERICAN FUNDING, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Sound	Strong	$4,264Fees	0.495%Above	152
41	NATIONS DIRECT MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Strong	Strong	Strong	$2,541Fees	0.554%Above	55
42	Sierra Pacific Mortgage Company, Inc. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$4,253Fees	0.482%Above	53
43	Eastern Bank BankDirect	Strong	Strong	Sound	Sound	Strong	$1,453Fees	0.002%Below	49
44	RELIANCE FIRST CAPITAL, LLC Independent Mortgage CompanyDirect	Strong	—	Strong	Strong	Sound	—	—	35
45	PROVINCE MORTGAGE ASSOCIATES, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Sound	Strong	Exceptional	$3,400Fees	0.463%Above	245
46	BankNewport BankDirect	Strong	Sound	Sound	Sound	Exceptional	$1,164Fees	0.162%Above	179
47	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Sound	Strong	$2,704Fees	0.379%Above	168
48	AMERICAN FINANCIAL NETWORK, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$1,443Credit	0.520%Above	72
49	TD Bank, National Association BankDirect	Strong	Sound	Strong	Sound	Sound	$995Fees	0.207%Above	48
50	PLAZA HOME MORTGAGE, INC. Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Strong	Sound	$2,496Fees	0.479%Above	33

❓ Frequently Asked Questions

How are mortgage lenders ranked in Providence?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Providence), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Providence?+

Based on 2024 HMDA data, 137 lenders originated a combined 15,285 loans in Providence. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Providence?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Providence is 0.26%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Providence's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.