A mortgage broker that knows the ferry schedule.
Block Island Mortgage LLC arranges home loans for buyers and owners across Rhode Island, with underwriting that understands island houses, seasonal income, and second homes.
Our Rhode Island license application is in progress. We can talk through your plans now and begin your application as soon as it is approved.
Why a broker, and why this one
A broker shops your loan across several wholesale lenders instead of selling you one bank's product. You get the lender whose guidelines actually fit your house and your income, at wholesale pricing, with one person handling the file from start to close.
Island and coastal properties trip up mainland underwriters: seasonal rental history, well and septic, flood zones, houses that only have comparable sales once a year. We know which lenders say yes to those files and how to present them.
Everything is handled remotely, on your schedule, so you do not have to be on the island or in Providence to get a loan done.
What we arrange
Purchase loans
Conventional and jumbo financing for primary homes anywhere in Rhode Island.
Second homes
Vacation and seasonal homes, including properties you plan to rent for part of the year.
Refinance
Rate-and-term and cash-out refinances on homes you already own.
Investment property
Conventional loans on one-to-four unit rentals, with rental income counted the right way.
How it works
Talk
A short call about the property, your timing, and what you want the loan to do.
Compare
We price your scenario across our lenders and show you the options side by side.
Apply
One secure online application. We gather documents and handle the lender.
Close
Appraisal, underwriting, and closing coordinated with your attorney and agent.
With Block Island roots, serving the whole state. New Shoreham, Westerly, Narragansett, Newport, Providence, and everywhere between: if the property is in Rhode Island, we can work on it.
Tell us about the property
No commitment and no credit pull. We will reply within one business day.