Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Rhode Island Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $199,063 $132,500 $185,000 $242,500
Property Values $304,418 $205,000 $245,000 $365,000
Average LTV 72.3%
Percent Refinance 84.3%
Pct of Refis Cashout 12.4%

Rhode Island Mortgage Rates

Your search for the ideal Rhode Island mortgage or refinance loan will probably bring you in touch with some concepts that you may not know. Not everyone, after all, is versed in 2/28 ARMs, LIBOR, and amortization. Fortunately, provides you with trustworthy resources that can teach you everything you'll need to know about Rhode Island mortgages. For a quick overview, visit's news and advice page. There you can review articles organized by categories such as refinancing, bad credit, debt consolidation, and home equity. You can also look up specific terms in the glossary, or link straight to the mortgage calculators to start crunching numbers. The national mortgage rates posted will help you budget how much loan you can afford. When you're ready, you can request lender quotes or contact lenders individually. You'll find a list of lenders in the Rhode Island broker directory.



Rates as of: 8/29/2014 30 Yr. Fixed
  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process
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Call Now: 855-882-9568

Rate APR Term Point Payment
  • 3.875%
  • 4.000%
  • 3.990%
  • 4.125%
  • 4.250%
  • 4.375%
  • 4.078%
  • 4.164%
  • 4.123%
  • 4.176%
  • 4.238%
  • 4.331%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.500%
  • 1.125%
  • 0.125%
  • -0.625%
  • -1.000%
  • $964
  • $979
  • $978
  • $994
  • $1,008
  • $1,024

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Rhode Island

This Rhode Island Rate Map lets you see what sort of mortgage rates other borrowers around the state have been able to obtain. Each individual marker represents a single mortgage loan.

Use the map to find out what sort of mortgage rates borrowers were able to get in with various credit scores, loan amounts, loan-to-value ratios and other factors, and in various communities around the state.

This rate map project is our effort to help make the mortgage process more transparent for all borrowers. If you’d like to participate, just click on the “Share Your Rate” link above the map to anonymously share the mortgage rate you were able to get on a recent loan. Your fellow consumers will thank you!

NOTE: cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Rate Information

Economic trends are always at work tightening or loosening the money supply. But there are other factors that also influence the mortgage loan rate you'll be offered, factors over which you have some degree of control. These include:

  • The amount. The federal government annually sets a maximum loan amount for conforming loans. Anything in excess of that maximum is considered a jumbo loan, which will have a higher interest rate than a conforming loan.
  • The loan to value (LTV). A loan made in an amount greater than 80 percent of the property's market value will have a higher interest rate.
  • Your background. If you have late payments and high debt in your credit report, your offered rate will be higher than if you had perfect credit.

Subprime Mortgages

Less-than-perfect credit isn't ideal when you're seeking a mortgage loan; but you can probably find a workable mortgage solution. Be prepared to put some effort into finding a reliable subprime or bad credit lender, and be diligent about analyzing and comparing your mortgage loan quotes. You can save time using's resources to help. Plan on contacting several lenders; look for contact information in the Rhode Island broker directory. As you start receiving mortgage quotes, review those proposals thoroughly, relying on mortgage calculators to crunch the numbers. Make sure that you're confident in your ability to repay no matter what-even if your rate and payment are subject to increases.


From Barrington to Woonsocket, Rhode Island contains some fantastic residential communities. You've chosen one to be your home, and now it's time to find the right mortgage loan financing. Start by shopping around. You can get several mortgage estimates to compare with a quick request online. These are non-binding estimates, so consider filling out loan applications to get full written quotes. Then, use's calculators to run the numbers on each offer. Pay close attention to payment amounts, APRs, total interest costs, and whether the rate is fixed or adjustable.