# Providence Bank & Trust

> **Canonical URL:** https://saferate.com/lenders/providence-bank-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Providence Bank & Trust is a bank, headquartered in South Holland, IL, serving borrowers across 5 states, with 46 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 32% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 73% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300GY0I1WYYWYFS47
- **Headquarters:** South Holland, IL
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, IL, IN, MI, TN
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 27/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.212%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $521
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 46
- **Dollar Volume:** $13 million
- **Applications Received:** 84
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $273,696
- **Average Borrower Income:** $153,413
- **Average Property Value:** $481,739

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 28/100 | 46 | +0.212% | $521 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 41 loans, Score: 30/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 30/100 | 41 | $12M | +0.224% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 29 | 0.03% | 57/100 |
| IL | 14 | 0.01% | 48/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lake County | IN | 29 | 68/100 |
| Chicago | IL | 11 | 47/100 |

## Where This Lender Ranks

Providence Bank & Trust appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#18** in Lake County Banks
  - [View Full Rankings](https://saferate.com/lake-county/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Providence Bank & Trust offer?

Providence Bank & Trust offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Providence Bank & Trust offer mortgages?

Providence Bank & Trust offers mortgages in 5 states: FL, IL, IN, MI, TN.

### How competitive are Providence Bank & Trust's mortgage rates?

Providence Bank & Trust has a pricing score of 68/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.212% above market average.

### What type of lender is Providence Bank & Trust?

Providence Bank & Trust is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in South Holland, IL.

### What is Providence Bank & Trust's loan approval success rate?

Providence Bank & Trust has a pull-through score of 27/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/providence-bank-trust

### How to Cite

> "Providence Bank & Trust Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/providence-bank-trust

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