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 score and performance metrics.

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 an overall pricing score of 86.8/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Valley National Bank?

Valley National Bank is a Bank headquartered in Passaic, NJ.

Unclaimed

Valley National Bank

Bank•Passaic, NJ•Direct to Consumer

We analyzed every closed loan from Valley National Bank — 1.1k loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Exceptional

vs. all lenders

Pull Through

Strong

closing strength

Products

Strong

FHA · Conventional · Jumbo

Place

Sound

Multi-Region · 14 mkts

Safe Rate Awards⭐Conventional Superstar⭐Jumbo Superstar⭐Purchase Superstar

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Safe Rate's Summary

What They Do Well

Offers rates 30.10 basis points below market average
Lower than average lender fees
Strong pull through performance
Particularly strong in Conventional and Jumbo loans

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Report Card

Valley National Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Exceptional	Market Leader Rates 30.1 bps below market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Sound	Industry Standard Top 60% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Multi-Regional15 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Exceptional	Sound	951	88.6%	-0.321%Below	$1,262Fees
FHA Loans	Sound	Sound	Strong	Sound	30	2.8%	+0.195%Above	$1,611Fees
Jumbo Loans	Strong	Strong	Strong	Strong	83	7.7%	-0.237%Below	$1,063Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Exceptional	Sound	970	90.4%	-0.353%Below	$1,237Fees
Refinance	Sound	Sound	Sound	Sound	103	9.6%	+0.240%Above	$1,471Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,073

Applications

1,443

Volume

$519 million

Pricing & Closing

Avg Rate Spread

-0.301%

vs. market APOR

Avg Net Fees

$1,257

Origination − Credits

Pullthrough Rate

74.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$484,590

Avg Borrower Income

$231,692

Avg Property Value

$692,418

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

ALCACTDEFLGAILINKYLAMAMDMONCNHNJNMNYPASCTNTXUTVA

Top Metro Areas by Place Specialization Score

New York, NY-NJMSA

Volume: 268Mix: 24.98%of portfolio

Place

Strong

Nassau County, NYMSA

Volume: 202Mix: 18.83%of portfolio

Place

Strong

Newark, NJ, NJMSA

Volume: 124Mix: 11.56%of portfolio

Place

Strong

Lakewood, NJMSA

Volume: 76Mix: 7.08%of portfolio

Place

Strong

Atlantic City, NJMSA

Volume: 36Mix: 3.36%of portfolio

Place

Strong

Kiryas Joel, NYMSA

Volume: 38Mix: 3.54%of portfolio

Place

Strong

Fort Lauderdale, FLMSA

Volume: 42Mix: 3.91%of portfolio

Place

Sound

West Palm Beach, FLMSA

Volume: 35Mix: 3.26%of portfolio

Place

Sound

Kingston, NY, NYMSA

Volume: 21Mix: 1.96%of portfolio

Place

Sound

Tampa, FL, FLMSA

Volume: 32Mix: 2.98%of portfolio

Place

Sound

Showing 10 of 14 metro areas

Top States by Place Specialization Score

NJState

Volume: 354Mix: 32.99%of portfolio

Place

Exceptional

NYState

Volume: 450Mix: 41.94%of portfolio

Place

Strong

FLState

Volume: 188Mix: 17.52%of portfolio

Place

Strong

ALState

Volume: 31Mix: 2.89%of portfolio

Place

Sound

PAState

Volume: 14Mix: 1.30%of portfolio

Place

Acceptable

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.