# Valley National Bank

> **Canonical URL:** https://saferate.com/lenders/valley-national-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


Valley National Bank is a bank, headquartered in Passaic, NJ, serving borrowers across 24 states, with 1,073 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** KI0VI4JRMCIJ329YTN75
- **Headquarters:** Passaic, NJ
- **Geographic Reach:** Multi-Region
- **States Served:** 24
- **State List:** AL, CA, CT, DE, FL, GA, IL, IN, KY, LA, MA, MD, MO, NC, NH, NJ, NM, NY, PA, SC, TN, TX, UT, VA
- **Markets (MSAs):** 15
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.301%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,257
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,073
- **Dollar Volume:** $520 million
- **Applications Received:** 1,443
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $484,590
- **Average Borrower Income:** $231,692
- **Average Property Value:** $692,418

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Jumbo Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 951 | -0.321% | $1,262 | Strong 😀 |
| FHA | 54/100 | 30 | +0.195% | $1,611 | Sound ☺️ |
| Jumbo | 79/100 | 83 | -0.237% | $1,063 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 868 loans, Score: 67/100 (Strong)
- Refinance: 83 loans, Score: 55/100 (Sound)

**FHA:**
- Purchase: 27 loans, Score: 54/100 (Sound)

**Jumbo:**
- Purchase: 67 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 68/100 | 970 | $468M | -0.353% | Strong 😀 |
| Refinance | 54/100 | 103 | $52M | +0.240% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 450 | 0.40% | 79/100 |
| NJ | 354 | 0.41% | 80/100 |
| FL | 188 | 0.06% | 63/100 |
| AL | 31 | 0.05% | 51/100 |
| PA | 14 | 0.01% | 39/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| New York | NY-NJ | 268 | 78/100 |
| Nassau County | NY | 202 | 77/100 |
| Newark, NJ | NJ | 124 | 76/100 |
| Lakewood | NJ | 76 | 66/100 |
| Fort Lauderdale | FL | 42 | 58/100 |
| Kiryas Joel | NY | 38 | 61/100 |
| Atlantic City | NJ | 36 | 62/100 |
| West Palm Beach | FL | 35 | 57/100 |
| Tampa, FL | FL | 32 | 53/100 |
| Non |  | 23 | 28/100 |
| Kingston, NY | NY | 21 | 56/100 |
| St. Petersburg | FL | 17 | 48/100 |
| Miami | FL | 15 | 44/100 |
| Birmingham, AL | AL | 13 | 44/100 |
| Camden, NJ | NJ | 11 | 41/100 |

## Where This Lender Ranks

Valley National Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Kiryas Joel Banks
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/banks)
- 🥈 **#2** in Nassau County Banks
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/banks)
- 🥈 **#2** in Newark, NJ Banks
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders/banks)
- 🥉 **#3** in New Jersey Banks
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders/banks)
- 🥉 **#3** in Nassau County
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders)
- 🥉 **#3** in Newark, NJ
  - [View Full Rankings](https://saferate.com/newark-nj/best-mortgage-lenders)
- 🥉 **#3** in Kiryas Joel
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders)
- 🥉 **#3** in Atlantic City Banks
  - [View Full Rankings](https://saferate.com/atlantic-city/best-mortgage-lenders/banks)
- 🏆 **#4** in New Jersey
  - [View Full Rankings](https://saferate.com/new-jersey/best-mortgage-lenders)
- 🏆 **#4** in Kingston, NY Banks
  - [View Full Rankings](https://saferate.com/kingston-ny/best-mortgage-lenders/banks)
- 🏆 **#5** in New York Banks
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks)
- 🏆 **#5** in Lakewood Banks
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders/banks)
- 🏆 **#5** in Atlantic City
  - [View Full Rankings](https://saferate.com/atlantic-city/best-mortgage-lenders)
- 🏆 **#6** in New York
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders)
- 🏆 **#6** in Lakewood
  - [View Full Rankings](https://saferate.com/lakewood/best-mortgage-lenders)
- 🏆 **#6** in Fort Lauderdale Banks
  - [View Full Rankings](https://saferate.com/fort-lauderdale/best-mortgage-lenders/banks)
- 🏆 **#7** in Nassau County for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/nassau-county/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Kiryas Joel for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kiryas-joel/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in West Palm Beach Banks
  - [View Full Rankings](https://saferate.com/west-palm-beach/best-mortgage-lenders/banks)
- 🏆 **#7** in Kingston, NY
  - [View Full Rankings](https://saferate.com/kingston-ny/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does Valley National Bank offer?

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

### Where does Valley National Bank offer mortgages?

Valley National Bank offers mortgages in 24 states: AL, CA, CT, DE, FL, GA, IL, IN, KY, LA, MA, MD, MO, NC, NH, NJ, NM, NY, PA, SC, TN, TX, UT, VA.

### How competitive are Valley National Bank's mortgage rates?

Valley National Bank has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.301% below market average.

### What type of lender is Valley National Bank?

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

### What is Valley National Bank's loan approval success rate?

Valley National Bank has a pull-through score of 65/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## 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/valley-national-bank

### How to Cite

> "Valley National Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/valley-national-bank

---

**[View Interactive Profile →](https://saferate.com/lenders/valley-national-bank)**