The Mortgage Record
Lender report card · New Jersey

Provident Bank

Jersey City, NJ · What the federal mortgage record shows about how Provident Bank treated New Jersey applicants, 2018–2025 — 6,049 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
81.6%
4,938 approved
Denial rate
18.4%
1,111 denied
Decisions
6,049
2018–2025
Avg. rate spread
+0.06 pp
vs. market benchmark
81.6% approved
18.4% denied

Share of 6,049 New Jersey applications Provident Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional81.7% of 6,001 · NJ 87%FHA71.7% of 46 · NJ 79%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

70%74%78%82%86%82%83%84%80%79%73%81%86%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Provident Bank’s rates ran -0.17 pp lower than the typical New Jersey lender (average rate spread +0.06 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Provident Bank approves

By income
Under $50k58.9% · 627$50–75k78.6% · 899$75–100k83.8% · 936$100–150k89.7% · 1,401$150–250k93.2% · 1,278$250k+92.2% · 606
By debt-to-income
Under 36%95.5% · 2,63036–43%94.5% · 1,35643–50%91.3% · 1,111Over 50%15.8% · 640
By down payment (LTV)
20%+ down89.9% · 4,08710–20% down80.3% · 2445–10% down85.5% · 3723–5% down74.2% · 31Under 3% down78.6% · 70

Why Provident Bank denied applications

Debt-to-income ratio51% of denialsCredit history30% of denialsOther25% of denialsCollateral (value/type)7% of denialsIncomplete application2% of denialsEmployment history1% of denials

Where Provident Bank lends in NJ

CountyDecisionsApproval
Middlesex County1,36582.2%
Monmouth County85088.8%
Ocean County56487.6%
Essex County54576.9%
Hudson County54565.7%
Bergen County43881.5%
Morris County40487.6%
Union County34981.4%

Fees & closing costs

Median total loan costs
$4,777
home purchase
As % of loan
1.32%
NJ median 1.93%
Priced originations
1,505
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Provident Bank’s home-purchase originations — 0.61 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $320. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Provident Bank (LEI 5493004NH61PL6YYNH25). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →