# Provident Bank

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


> **📋 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


Provident Bank is a bank, headquartered in Jersey City, NJ, serving borrowers across 4 states, with 475 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493004NH61PL6YYNH25
- **Headquarters:** Jersey City, NJ
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** FL, NJ, NY, PA
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 98.5%
- **Brokered/Wholesale:** 1.5%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.183%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $-262
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 475
- **Dollar Volume:** $185 million
- **Applications Received:** 733
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $388,600
- **Average Borrower Income:** $156,029
- **Average Property Value:** $571,737

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 58/100 | 446 | -0.222% | $-421 | Sound ☺️ |
| FHA | 53/100 | 22 | +0.547% | $2,416 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 361 loans, Score: 58/100 (Sound)
- Refinance: 85 loans, Score: 58/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 57/100 | 383 | $161M | -0.276% | Sound ☺️ |
| Refinance | 57/100 | 92 | $24M | +0.240% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NJ | 457 | 0.53% | 86/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Newark, NJ | NJ | 199 | 86/100 |
| Lakewood | NJ | 191 | 82/100 |
| New York | NY-NJ | 42 | 57/100 |
| Trenton | NJ | 13 | 49/100 |
| Camden, NJ | NJ | 10 | 42/100 |

## Where This Lender Ranks

Provident Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#5** in Newark, NJ Banks
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders/banks)
- 🏆 **#6** in Lakewood Banks
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders/banks)
- 🏆 **#7** in Newark, NJ
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders)
- 🏆 **#7** in Lakewood for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in New Jersey Banks
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders/banks)
- 🏆 **#10** in Newark, NJ for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#10** in Lakewood
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders)
- 🏆 **#10** in Trenton for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/trenton/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Newark, NJ for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Lakewood for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in New Jersey for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#15** in New Jersey
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders)
- 🏆 **#15** in New Jersey for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#20** in Newark, NJ for Conventional Loans
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Provident Bank offer?

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

### Where does Provident Bank offer mortgages?

Provident Bank offers mortgages in 4 states: FL, NJ, NY, PA.

### How competitive are Provident Bank's mortgage rates?

Provident Bank has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.183% below market average.

### What type of lender is Provident Bank?

Provident Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Jersey City, NJ.

### What is Provident Bank's loan approval success rate?

Provident Bank has a pull-through score of 58/100 (Sound). 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/provident-bank

### How to Cite

> "Provident Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/provident-bank

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