Provident Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
8th31.2% deniedPricingmedian rate spread over APOR, weight 30%
82nd-0.03 ptsProcesswithdrawn + incomplete share, weight 15%
39th19.2%Closing coststotal loan costs ÷ loan amount, weight 10%
39th2.56% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,653 | 838 | 30.0% | 35.5% | 6.50% | $540M |
| 2024 | 3,043 | 1,563 | 30.6% | 36.0% | 7.00% | $663M |
| 2025 | 2,441 | 1,294 | 25.2% | 31.2% | 6.88% | $988M |
What Provident Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1,104 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 254 investment properties.
Why Provident Bank denies applications
Primary reason reported for each of the 615 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Provident Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 126 | 33 | 63.3% |
| $50k – $100k | 468 | 205 | 40.4% |
| $100k – $150k | 473 | 267 | 26.7% |
| $150k – $250k | 485 | 316 | 16.8% |
| Over $250k | 438 | 293 | 10.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 253 | 148 | 23.9% |
| 35–44 | 387 | 198 | 32.6% |
| 45–54 | 472 | 240 | 33.4% |
| 55–64 | 570 | 284 | 35.1% |
| 65–74 | 375 | 180 | 35.3% |
| Over 74 | 183 | 80 | 38.7% |
Where Provident Bank lends
10 states and 62 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Jersey | 2,255 | 1,180 | 25.9% | 7.00% | #35 |
| New York | 88 | 56 | 20.5% | 6.25% | #285 |
| Pennsylvania | 79 | 48 | 16.5% | 6.75% | #408 |
| Florida | 13 | 8 | 0.0% | 6.06% | #850 |
Frequently asked questions
Provident Bank denied 31.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 8th percentile of mid-size mortgage lenders.
The most common reason Provident Bank gave in 2025 was "debt-to-income ratio", cited on 54.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Provident Bank originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was -0.03 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 23% of its applications were for home purchases, 31% for refinancing (including cash-out), and 46% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.