Compare Today's Mortgage and Refinance Rates in RI
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Why do you want a home loan?
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence.
Better: NMLS#330511
Lowest APR
Lowest monthly payment
Great for digital convenience
Conventional 30-year fixed
APR
6.422%
Interest rate
6.25%
Mo. payment
$2,463
Insurance $0
Total fees
$7,176
- About this lenderPros
- Borrowers can apply, lock in a rate and receive a commitment letter within one day.
- Offers both HELOCs and home equity loans with a high borrowing limit of 90% CLTV.
- Offers mortgages for manufactured homes, as well as financing for self-employed borrowers.
Cons- No mobile app; customer service is by email or phone only.
- Borrower must provide contact information to see customized rates.
- Does not offer renovation or construction loans.
Farmers Bank of Kansas City: NMLS#613839
Great for Rate transparency
Conventional 30-year fixed
4.5
NerdWallet rating
APR
6.875%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$0
- About this lenderPros
- Displays customized rates, with fee estimates, without requiring contact information.
- Offers home equity loans and lines of credit.
- Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
Cons- Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
- Home renovation loans are not available.
- Mortgage rates are on the high side compared to other lenders, according to the latest federal data.
EXPLORE QUOTEon First Federal Bank
on First Federal Bank
First Federal Bank: NMLS#408902Conventional 30-year fixed
APR
6.877%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$75
- About this lenderPros
- Over 40% of all loans last year were FHA, VA or USDA loans.
- Average mortgage rates are on the lower side, according to the latest federal data.
- Offers 15-, 20-, 25-, and 30-year repayment terms, which is unusually flexible.
Cons- No dedicated mobile app for mortgage borrowers.
- Some loans (including home equity products) are geographically limited.
Central Bank: NMLS#407985Conventional 30-year fixed
4.0
NerdWallet rating
APR
6.877%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$96
- About this lenderPros
- Among the best when it comes to online convenience.
- Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
- Claims to offer preapproval within 24 hours of loan application.
Cons- You'll have to complete a loan application to see mortgage interest rates.
- Bank branch locations limited to the Midwest.
- Does not offer home equity lines of credit.
EXPLORE QUOTEon NBKC
on NBKC
NBKC: NMLS#409631
Great for first-time home buyers | digital convenience | customer service
Conventional 30-year fixedAPR
6.886%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$455
- About this lenderPros
- Mortgage rates are on the low side compared to other lenders, according to the latest federal data.
- VA loans represent more than a quarter of purchase volume, a larger share than many lenders NerdWallet reviews.
- Offers a variety of loan types for purchase and refinance, including fixed- and adjustable-rate loans and government options
Cons- HELOCs and no-down-payment loans are available only in the Kansas City metro area.
- Mobile app focuses on online banking, not mortgages.
- You’ll need to share contact information to see customized mortgage rates.
EXPLORE QUOTEon Real Genius
on Real Genius
Real Genius: NMLS#2389303
Great for Rate transparency
Conventional 30-year fixed4.5
NerdWallet rating
APR
6.888%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$543
- About this lenderPros
- Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.
- Offers home equity loans and lines of credit.
- Displays customized rates, with fee estimates, without requiring contact information.
Cons- Doesn’t offer mortgages in all 50 states.
- Home renovation loans are not available.
EXPLORE QUOTEon New American Funding
on New American Funding
New American Funding: NMLS#6606
Great for first-time home buyers | customer service
Conventional 30-year fixedAPR
6.915%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$1,629
- About this lenderPros
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
Cons- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
EXPLORE QUOTEon HSBC Bank
on HSBC Bank
HSBC Bank: NMLS#399799Conventional 30-year fixed
5.0
NerdWallet rating
APR
7.125%
Interest rate
7.125%
Mo. payment
$2,695
Insurance $0
Total fees
$0
- About this lenderPros
- Offers an online application and loan process updates.
- Offers mortgages for investment properties.
- Makes it easy to browse current rates and get a customized mortgage rate quote.
Cons- Does not offer FHA or VA government-backed loans.
- No renovation mortgage options.
EXPLORE QUOTEon FourLeaf Federal Credit Union
on FourLeaf Federal Credit Union
FourLeaf Federal Credit Union: NMLS#449104Conventional 30-year fixed
APR
7.414%
Interest rate
7.375%
Mo. payment
$2,763
Insurance $0
Total fees
$1,520
- About this lenderPros
- Specialty loans include financing for co-ops and nonwarrantable condos.
- Offers conventional loans for manufactured homes.
- Highly rated mobile app.
Cons- Interest rates are on the high side, according to the latest federal data.
- Doesn’t offer renovation, construction or USDA loans.
- Can’t get a preapproval online.
About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
Trends and Insights
Rhode Island mortgage and refinance rates today (APR)
| Product | Interest Rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.853% | 6.858% |
| 20-year fixed-rate | 6.737% | 6.743% |
| 15-year fixed-rate | 5.918% | 5.926% |
| 10-year fixed-rate | 5.832% | 5.838% |
| 7-year ARM | 7.583% | 7.353% |
| 5-year ARM | 6.699% | 7.074% |
| 3-year ARM | 6.500% | 7.182% |
| 30-year fixed-rate FHA | 6.801% | 7.551% |
| 30-year fixed-rate VA | 6.243% | 6.465% |
Data source: ©Zillow, Inc. 2006 - 2021. Use is subject to the Terms of Use
Today's rate
6.858%
30-year fixed-rate“
Today’s mortgage rates in Rhode Island are 6.858% for a 30-year fixed, 5.926% for a 15-year fixed, and 7.074% for a 5-year adjustable-rate mortgage (ARM).
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