Provident Funding Associates L.p. Mortgage Rates, Fees & Info

BURLINGAME, CA

LEI: 54930043BMDE130FJ617

Tax ID: 77-0323586

2020 Data | 2019 Data | 2018 Data


Overview

Provident Funding Associates L.p. is a large mortgage company specializing in Refi loans. Provident Funding Associates L.p. has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Dallas, Portland, Denver, Salt Lake City, and Seattle among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Provident Funding Associates L.p. is typically an average fee lendor.


Originations

45,419

Origination Dollar Volume (All Markets)

$13,695,795,000

Relative Rate

Provident Funding Associates L.p.'s average 30 year fixed rate mortgage was 3.15%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.21%.

Relative Fees

Provident Funding Associates L.p.'s average total fees for a 30 year fixed rate mortgage are $3,379.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 45,269 $13,649,775,000 $301,526 $3,271 3.05%
FHA 150 $46,020,000 $306,800 $8,523 3.06%

For the 2020 period, Provident Funding Associates L.p.'s most frequently originated loan type was Conventional, with 45,269 originations. Their 2nd most popular type is FHA, with 150 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 32,538 $9,722,230,000 $298,796 $3,100 3.01%
Cash Out Refi 8,375 $2,520,225,000 $300,922 $3,415 3.14%
Home Purchase 4,506 $1,453,340,000 $322,534 $4,409 3.18%

For the 2020, Provident Funding Associates L.p.'s most frequently cited loan purpose was Refi, with 32,538 originations. The 2nd most popular reason was Cash Out Refi, with 8,375 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 33,099 $10,470,945,000 $316,352 $3,368 3.14%
15 Year 7,155 $1,819,045,000 $254,234 $3,092 2.75%
20 Year 2,785 $790,965,000 $284,009 $3,117 3.00%
Other 1,310 $387,840,000 $296,061 $3,120 3.06%
10 Year 1,070 $227,000,000 $212,150 $2,798 2.60%

For the 2020, Provident Funding Associates L.p.'s most frequently cited loan length was 30 Year, with 33,099 originations. The 2nd most popular length was 15 Year, with 7,155 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 37,797 $11,350,865,000 $300,311
$2k-3k 4,134 $1,160,140,000 $280,634
$3k-4k 2,576 $810,860,000 $314,775
$5k+ 907 $373,295,000 $411,571
$<1k 5 $635,000 $127,000

$3,379 was Provident Funding Associates L.p.'s average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 37,797 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DALLAS-PLANO-IRVING, TX 2,555 $820,325,000 $321,067 $3,439 3.03%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 2,397 $812,695,000 $339,047 $3,845 3.06%
DENVER-AURORA-LAKEWOOD, CO 2,228 $741,050,000 $332,608 $3,078 3.09%
SALT LAKE CITY, UT 2,170 $651,510,000 $300,235 $3,283 3.10%
SEATTLE-BELLEVUE-KENT, WA 1,605 $607,935,000 $378,776 $3,396 2.99%
PHOENIX-MESA-CHANDLER, AZ 2,186 $578,240,000 $264,520 $2,927 3.07%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 1,904 $546,580,000 $287,069 $3,089 3.08%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 1,274 $401,570,000 $315,204 $3,168 3.15%
OGDEN-CLEARFIELD, UT 1,340 $376,110,000 $280,679 $3,191 3.09%
PROVO-OREM, UT 1,270 $367,920,000 $289,701 $3,324 3.14%
OAKLAND-BERKELEY-LIVERMORE, CA 906 $352,800,000 $389,404 $3,442 3.02%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 801 $326,035,000 $407,035 $3,444 2.96%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 1,016 $311,530,000 $306,624 $4,158 2.98%
LOS ANGELES-LONG BEACH-GLENDALE, CA 850 $297,970,000 $350,553 $3,445 3.00%
RALEIGH-CARY, NC 1,023 $294,655,000 $288,030 $2,990 3.07%
Outside of Metro Areas 1,071 $281,115,000 $262,479 $3,291 3.09%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 873 $260,185,000 $298,036 $3,525 3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 935 $251,065,000 $268,519 $3,523 3.03%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 658 $238,300,000 $362,158 $3,399 2.98%
ANAHEIM-SANTA ANA-IRVINE, CA 618 $233,830,000 $378,366 $3,336 3.03%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 808 $223,810,000 $276,993 $2,872 3.05%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 521 $191,105,000 $366,804 $3,269 2.99%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 602 $166,290,000 $276,229 $2,808 3.04%
CHICAGO-NAPERVILLE-EVANSTON, IL 574 $153,310,000 $267,091 $2,623 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN 625 $151,165,000 $241,864 $2,590 3.11%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 456 $151,140,000 $331,447 $3,185 2.95%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 561 $137,105,000 $244,394 $2,781 3.08%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 420 $122,070,000 $290,643 $3,462 3.06%
NEW BRUNSWICK-LAKEWOOD, NJ 405 $120,445,000 $297,395 $3,693 2.96%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 300 $118,030,000 $393,433 $3,638 2.89%
BOULDER, CO 310 $113,360,000 $365,677 $3,180 3.03%
PHILADELPHIA, PA 340 $96,550,000 $283,971 $4,312 3.02%
NEWARK, NJ-PA 295 $95,665,000 $324,288 $3,751 2.97%
KANSAS CITY, MO-KS 352 $93,180,000 $264,716 $2,478 3.09%
LEXINGTON-FAYETTE, KY 406 $91,410,000 $225,148 $2,578 3.21%
PITTSBURGH, PA 324 $85,680,000 $264,444 $3,982 2.97%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 341 $81,605,000 $239,311 $3,277 2.97%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 336 $80,260,000 $238,869 $3,605 3.12%
BOSTON, MA 229 $78,635,000 $343,384 $3,224 3.02%
ST. LOUIS, MO-IL 298 $73,820,000 $247,718 $2,594 3.11%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 195 $64,845,000 $332,538 $3,006 2.92%
SAN LUIS OBISPO-PASO ROBLES, CA 191 $63,165,000 $330,707 $3,322 3.05%
VALLEJO, CA 190 $61,680,000 $324,632 $3,467 3.14%
OXNARD-THOUSAND OAKS-VENTURA, CA 172 $61,200,000 $355,814 $3,409 3.05%
SANTA ROSA-PETALUMA, CA 185 $61,035,000 $329,919 $3,208 3.08%
BEND, OR 195 $59,805,000 $306,692 $4,009 3.21%
DURHAM-CHAPEL HILL, NC 234 $59,330,000 $253,547 $2,972 3.10%
WARREN-TROY-FARMINGTON HILLS, MI 216 $56,200,000 $260,185 $2,623 3.06%
NEW HAVEN-MILFORD, CT 196 $53,190,000 $271,378 $3,530 3.01%
BRIDGEPORT-STAMFORD-NORWALK, CT 150 $49,540,000 $330,267 $3,586 2.97%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 202 $48,770,000 $241,436 $3,604 3.01%
FORT COLLINS, CO 156 $48,050,000 $308,013 $3,293 3.10%
SANTA CRUZ-WATSONVILLE, CA 108 $47,130,000 $436,389 $4,155 3.01%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 159 $45,905,000 $288,711 $3,655 2.89%
TUCSON, AZ 197 $44,755,000 $227,183 $2,914 3.06%
BALTIMORE-COLUMBIA-TOWSON, MD 162 $44,340,000 $273,704 $2,958 2.93%
COLORADO SPRINGS, CO 160 $44,320,000 $277,000 $2,940 3.08%
TACOMA-LAKEWOOD, WA 150 $42,280,000 $281,867 $3,380 2.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 178 $41,250,000 $231,742 $3,543 3.00%
STOCKTON, CA 133 $40,885,000 $307,406 $3,035 3.08%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 139 $40,555,000 $291,763 $3,801 3.10%
SAN ANTONIO-NEW BRAUNFELS, TX 151 $39,175,000 $259,437 $3,402 3.01%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 141 $38,825,000 $275,355 $3,034 3.05%
ORLANDO-KISSIMMEE-SANFORD, FL 154 $38,810,000 $252,013 $3,694 3.07%
RICHMOND, VA 132 $37,520,000 $284,242 $3,375 3.00%
RENO, NV 124 $37,320,000 $300,968 $3,489 3.16%
GREELEY, CO 123 $36,945,000 $300,366 $2,850 3.10%
ST. GEORGE, UT 136 $36,000,000 $264,706 $3,212 3.13%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 119 $34,755,000 $292,059 $3,723 3.02%
CAMDEN, NJ 144 $33,850,000 $235,069 $3,311 2.99%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 106 $31,340,000 $295,660 $2,490 2.96%
CINCINNATI, OH-KY-IN 130 $29,670,000 $228,231 $2,898 2.97%
COLUMBUS, OH 113 $27,115,000 $239,956 $3,215 3.05%
MODESTO, CA 108 $26,430,000 $244,722 $2,848 3.10%
JACKSONVILLE, FL 100 $25,680,000 $256,800 $3,668 3.06%
MIAMI-MIAMI BEACH-KENDALL, FL 73 $25,005,000 $342,534 $4,356 3.00%
SALINAS, CA 62 $22,620,000 $364,839 $3,155 3.11%
WORCESTER, MA-CT 74 $22,060,000 $298,108 $2,905 2.95%
SANTA MARIA-SANTA BARBARA, CA 66 $22,010,000 $333,485 $3,230 2.93%
SALEM, OR 81 $21,715,000 $268,086 $3,796 3.05%
WILMINGTON, NC 90 $21,510,000 $239,000 $2,904 3.00%
SAN RAFAEL, CA 53 $20,655,000 $389,717 $4,000 2.88%
MILWAUKEE-WAUKESHA, WI 77 $19,385,000 $251,753 $2,631 3.30%
LOGAN, UT-ID 84 $19,120,000 $227,619 $2,978 3.01%
EUGENE-SPRINGFIELD, OR 77 $18,985,000 $246,558 $3,650 2.88%
FRESNO, CA 76 $18,750,000 $246,711 $2,770 3.02%
KENNEWICK-RICHLAND, WA 62 $17,700,000 $285,484 $3,168 3.01%
PRESCOTT VALLEY-PRESCOTT, AZ 65 $17,445,000 $268,385 $3,169 3.01%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 58 $16,450,000 $283,621 $3,301 3.01%
CHARLESTON-NORTH CHARLESTON, SC 56 $15,990,000 $285,536 $3,220 3.09%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 52 $15,270,000 $293,654 $3,168 2.97%
GREENSBORO-HIGH POINT, NC 66 $15,270,000 $231,364 $2,809 3.00%
SPOKANE-SPOKANE VALLEY, WA 60 $14,930,000 $248,833 $3,225 3.19%
NAPA, CA 40 $14,860,000 $371,500 $3,196 3.12%
NORTH PORT-SARASOTA-BRADENTON, FL 55 $14,195,000 $258,091 $3,648 3.03%
CAPE CORAL-FORT MYERS, FL 52 $13,470,000 $259,038 $3,471 2.99%
GAINESVILLE, FL 58 $13,380,000 $230,690 $3,523 2.99%
TULSA, OK 51 $13,065,000 $256,176 $3,364 3.17%
CHICO, CA 45 $12,365,000 $274,778 $3,163 3.21%
DETROIT-DEARBORN-LIVONIA, MI 52 $12,120,000 $233,077 $2,622 3.00%
OLYMPIA-LACEY-TUMWATER, WA 46 $12,060,000 $262,174 $2,759 2.96%
GREENVILLE-ANDERSON, SC 54 $11,240,000 $208,148 $2,904 3.04%
CORVALLIS, OR 40 $11,230,000 $280,750 $3,860 3.03%
ELGIN, IL 48 $11,030,000 $229,792 $2,818 3.06%
BOISE CITY, ID 38 $11,000,000 $289,474 $3,558 3.04%
CLEVELAND-ELYRIA, OH 44 $10,900,000 $247,727 $3,026 3.06%
BAKERSFIELD, CA 48 $10,830,000 $225,625 $3,138 2.97%
WENATCHEE, WA 33 $10,585,000 $320,758 $3,458 3.06%
REDDING, CA 41 $10,525,000 $256,707 $3,324 3.30%
TRENTON-PRINCETON, NJ 33 $9,965,000 $301,970 $3,960 2.91%
HARRISBURG-CARLISLE, PA 41 $9,545,000 $232,805 $3,727 3.01%
LANCASTER, PA 42 $9,510,000 $226,429 $3,567 2.98%
BELLINGHAM, WA 33 $9,095,000 $275,606 $2,829 3.08%
BARNSTABLE TOWN, MA 30 $9,030,000 $301,000 $2,999 3.14%
ASHEVILLE, NC 35 $8,855,000 $253,000 $3,128 3.04%
FLAGSTAFF, AZ 34 $8,800,000 $258,824 $2,789 3.06%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 36 $8,730,000 $242,500 $3,533 3.10%
PROVIDENCE-WARWICK, RI-MA 34 $8,600,000 $252,941 $3,241 2.89%
PORT ST. LUCIE, FL 33 $8,405,000 $254,697 $3,581 3.12%
GAINESVILLE, GA 34 $8,320,000 $244,706 $2,965 3.00%
TALLAHASSEE, FL 29 $8,145,000 $280,862 $4,140 2.93%
COEUR D'ALENE, ID 22 $7,890,000 $358,636 $4,126 3.07%
LAS VEGAS-HENDERSON-PARADISE, NV 28 $7,780,000 $277,857 $3,623 3.13%
MEDFORD, OR 28 $7,390,000 $263,929 $3,975 2.93%
WINSTON-SALEM, NC 33 $7,365,000 $223,182 $2,614 2.90%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 36 $7,240,000 $201,111 $3,471 3.04%
SAVANNAH, GA 29 $7,125,000 $245,690 $3,516 3.02%
ANN ARBOR, MI 26 $7,040,000 $270,769 $2,586 3.14%
NORWICH-NEW LONDON, CT 28 $7,010,000 $250,357 $2,860 2.95%
READING, PA 26 $6,950,000 $267,308 $4,107 2.93%
SPRINGFIELD, MA 26 $6,650,000 $255,769 $3,186 2.84%
PALM BAY-MELBOURNE-TITUSVILLE, FL 26 $6,500,000 $250,000 $3,556 3.03%
GARY, IN 31 $6,195,000 $199,839 $2,657 2.95%
ALBANY-LEBANON, OR 23 $5,915,000 $257,174 $4,079 2.92%
CHARLOTTESVILLE, VA 23 $5,735,000 $249,348 $2,895 2.90%
GRAND JUNCTION, CO 26 $5,690,000 $218,846 $3,126 2.97%
OCEAN CITY, NJ 17 $5,555,000 $326,765 $4,160 2.96%
MOUNT VERNON-ANACORTES, WA 17 $5,425,000 $319,118 $3,392 3.04%
GRAND RAPIDS-KENTWOOD, MI 23 $5,405,000 $235,000 $2,835 3.22%
ROCHESTER, MN 21 $5,125,000 $244,048 $2,617 3.11%
YUBA CITY, CA 20 $4,940,000 $247,000 $3,008 3.14%
MERCED, CA 20 $4,870,000 $243,500 $3,445 3.12%
YORK-HANOVER, PA 21 $4,785,000 $227,857 $3,842 2.79%
SPARTANBURG, SC 25 $4,735,000 $189,400 $3,406 3.18%
STATE COLLEGE, PA 19 $4,625,000 $243,421 $4,157 2.88%
LAKE HAVASU CITY-KINGMAN, AZ 18 $4,440,000 $246,667 $3,348 3.19%
VISALIA, CA 17 $4,435,000 $260,882 $2,720 3.26%
AUGUSTA-RICHMOND COUNTY, GA-SC 17 $4,365,000 $256,765 $3,088 3.01%
ATLANTIC CITY-HAMMONTON, NJ 17 $4,265,000 $250,882 $3,027 2.89%
NAPLES-MARCO ISLAND, FL 15 $4,255,000 $283,667 $3,711 3.14%
KNOXVILLE, TN 18 $4,230,000 $235,000 $2,775 2.84%
BLOOMINGTON, IN 18 $4,180,000 $232,222 $2,745 3.24%
HILTON HEAD ISLAND-BLUFFTON, SC 12 $3,740,000 $311,667 $3,286 3.13%
ATHENS-CLARKE COUNTY, GA 13 $3,545,000 $272,692 $2,722 2.90%
LAKELAND-WINTER HAVEN, FL 19 $3,435,000 $180,789 $3,377 3.02%
THE VILLAGES, FL 17 $3,395,000 $199,706 $3,366 3.04%
MEMPHIS, TN-MS-AR 15 $3,325,000 $221,667 $3,065 3.02%
GRANTS PASS, OR 12 $3,210,000 $267,500 $3,832 3.00%
COLUMBIA, SC 12 $3,190,000 $265,833 $2,901 3.11%
CHATTANOOGA, TN-GA 14 $2,990,000 $213,571 $3,079 2.92%
CARSON CITY, NV 11 $2,975,000 $270,455 $3,970 3.27%
MIDLAND, TX 9 $2,955,000 $328,333 $3,866 3.21%
IDAHO FALLS, ID 9 $2,535,000 $281,667 $5,763 3.21%
PENSACOLA-FERRY PASS-BRENT, FL 14 $2,520,000 $180,000 $3,410 3.27%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 9 $2,465,000 $273,889 $3,795 3.35%
SHERMAN-DENISON, TX 11 $2,415,000 $219,545 $3,547 3.27%
OCALA, FL 14 $2,390,000 $170,714 $3,575 3.30%
OKLAHOMA CITY, OK 9 $2,345,000 $260,556 $3,233 2.96%
LANSING-EAST LANSING, MI 12 $2,330,000 $194,167 $2,503 2.94%
MACON-BIBB COUNTY, GA 9 $2,285,000 $253,889 $4,323 3.03%
TYLER, TX 12 $2,240,000 $186,667 $3,480 3.08%
WINCHESTER, VA-WV 10 $2,220,000 $222,000 $2,827 2.96%
LONGVIEW, WA 10 $2,220,000 $222,000 $3,388 3.23%
LYNCHBURG, VA 11 $2,215,000 $201,364 $3,017 2.88%
TOLEDO, OH 9 $2,025,000 $225,000 $3,043 3.00%
HICKORY-LENOIR-MORGANTON, NC 8 $1,960,000 $245,000 $3,160 2.89%
EL PASO, TX 9 $1,875,000 $208,333 $3,421 2.83%
AKRON, OH 11 $1,865,000 $169,545 $2,978 2.94%
JACKSONVILLE, NC 7 $1,845,000 $263,571 $3,129 3.02%
COLLEGE STATION-BRYAN, TX 8 $1,740,000 $217,500 $3,104 3.25%
WALLA WALLA, WA 6 $1,660,000 $276,667 $3,284 2.81%
ELIZABETHTOWN-FORT KNOX, KY 7 $1,655,000 $236,429 $3,163 3.32%
OWENSBORO, KY 6 $1,640,000 $273,333 $2,839 3.15%
SCRANTON--WILKES-BARRE, PA 7 $1,625,000 $232,143 $4,270 2.77%
SIERRA VISTA-DOUGLAS, AZ 10 $1,610,000 $161,000 $4,002 2.98%
PUEBLO, CO 8 $1,580,000 $197,500 $3,019 3.03%
YAKIMA, WA 6 $1,580,000 $263,333 $3,179 3.35%
SEBASTIAN-VERO BEACH, FL 7 $1,555,000 $222,143 $3,427 3.02%
EL CENTRO, CA 6 $1,540,000 $256,667 $3,430 2.75%
LEBANON, PA 7 $1,445,000 $206,429 $3,774 3.18%
COLUMBUS, GA-AL 7 $1,425,000 $203,571 $2,756 2.95%
FAYETTEVILLE, NC 7 $1,355,000 $193,571 $2,873 3.20%
LONGVIEW, TX 5 $1,275,000 $255,000 $3,903 3.13%
SALISBURY, MD-DE 6 $1,260,000 $210,000 $3,576 2.92%
WARNER ROBINS, GA 7 $1,235,000 $176,429 $2,809 2.86%
RACINE, WI 4 $1,210,000 $302,500 $2,426 3.25%
CORPUS CHRISTI, TX 6 $1,200,000 $200,000 $3,100 3.04%
CALIFORNIA-LEXINGTON PARK, MD 4 $1,200,000 $300,000 $3,430 2.69%
WILMINGTON, DE-MD-NJ 4 $1,190,000 $297,500 $3,786 3.03%
EAST STROUDSBURG, PA 7 $1,115,000 $159,286 $3,304 2.73%
PUNTA GORDA, FL 5 $1,105,000 $221,000 $3,249 3.03%
TERRE HAUTE, IN 5 $1,075,000 $215,000 $2,293 2.98%
PEORIA, IL 6 $1,060,000 $176,667 $2,435 2.83%
DAYTON-KETTERING, OH 5 $1,045,000 $209,000 $3,339 3.20%
ABILENE, TX 4 $1,020,000 $255,000 $2,965 3.06%
SPRINGFIELD, MO 5 $1,015,000 $203,000 $2,844 3.25%
MONROE, MI 6 $1,000,000 $166,667 $3,134 3.00%
BURLINGTON, NC 6 $980,000 $163,333 $2,620 2.94%
STAUNTON, VA 4 $980,000 $245,000 $2,625 2.91%
FORT WAYNE, IN 5 $965,000 $193,000 $2,767 3.08%
CLARKSVILLE, TN-KY 4 $950,000 $237,500 $4,963 3.38%
ROANOKE, VA 4 $920,000 $230,000 $2,588 2.84%
MADERA, CA 4 $900,000 $225,000 $4,115 3.41%
LAFAYETTE-WEST LAFAYETTE, IN 5 $895,000 $179,000 $2,502 3.65%
KOKOMO, IN 4 $880,000 $220,000 $2,259 3.41%
ROME, GA 3 $875,000 $291,667 $3,716 3.21%
YUMA, AZ 5 $865,000 $173,000 $2,210 3.18%
BEAUMONT-PORT ARTHUR, TX 4 $850,000 $212,500 $3,463 2.91%
HARRISONBURG, VA 3 $845,000 $281,667 $3,263 3.25%
MADISON, WI 4 $820,000 $205,000 $2,341 3.28%
NEW BERN, NC 4 $820,000 $205,000 $3,277 2.94%
KALAMAZOO-PORTAGE, MI 5 $805,000 $161,000 $2,498 2.68%
BOWLING GREEN, KY 3 $805,000 $268,333 $3,161 2.83%
KILLEEN-TEMPLE, TX 3 $795,000 $265,000 $4,141 3.46%
BATTLE CREEK, MI 4 $790,000 $197,500 $2,645 3.38%
BLACKSBURG-CHRISTIANSBURG, VA 4 $760,000 $190,000 $2,731 3.06%
ERIE, PA 4 $730,000 $182,500 $3,740 2.81%
ST. JOSEPH, MO-KS 4 $730,000 $182,500 $4,463 3.06%
KINGSPORT-BRISTOL, TN-VA 3 $725,000 $241,667 $2,872 2.96%
JOPLIN, MO 3 $705,000 $235,000 $2,845 3.29%
MUNCIE, IN 5 $695,000 $139,000 $2,403 2.95%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 4 $690,000 $172,500 $2,939 2.88%
CANTON-MASSILLON, OH 4 $690,000 $172,500 $3,397 2.84%
WACO, TX 3 $665,000 $221,667 $4,223 2.96%
LAWRENCE, KS 3 $635,000 $211,667 $2,372 2.96%
COLUMBUS, IN 3 $635,000 $211,667 $2,170 3.04%
GREENVILLE, NC 3 $635,000 $211,667 $2,904 3.17%
FLINT, MI 3 $625,000 $208,333 $3,577 2.83%
VINELAND-BRIDGETON, NJ 3 $565,000 $188,333 $2,779 3.04%
SAGINAW, MI 2 $510,000 $255,000 $2,299 3.06%
ALBANY, GA 2 $490,000 $245,000 $2,768 2.94%
MICHIGAN CITY-LA PORTE, IN 2 $490,000 $245,000 $2,404 2.88%
BRUNSWICK, GA 2 $490,000 $245,000 $3,138 3.19%
KANKAKEE, IL 4 $490,000 $122,500 $4,040 2.84%
HOMOSASSA SPRINGS, FL 4 $490,000 $122,500 $3,057 3.47%
DULUTH, MN-WI 3 $485,000 $161,667 $3,695 2.63%
MCALLEN-EDINBURG-MISSION, TX 3 $475,000 $158,333 $2,797 2.67%
TWIN FALLS, ID 2 $470,000 $235,000 $4,045 2.88%
FARGO, ND-MN 2 $460,000 $230,000 $2,208 3.50%
MANKATO, MN 2 $460,000 $230,000 $4,926 3.06%
GOLDSBORO, NC 2 $450,000 $225,000 $3,245 3.19%
OSHKOSH-NEENAH, WI 2 $420,000 $210,000 $2,440 3.06%
GETTYSBURG, PA 2 $410,000 $205,000 $3,728 2.88%
PANAMA CITY, FL 2 $410,000 $205,000 $4,204 3.00%
COLUMBIA, MO 2 $410,000 $205,000 $1,952 3.06%
BLOOMSBURG-BERWICK, PA 3 $405,000 $135,000 $3,803 2.75%
BROWNSVILLE-HARLINGEN, TX 2 $390,000 $195,000 $3,748 3.31%
JOHNSON CITY, TN 2 $390,000 $195,000 $2,828 3.06%
HANFORD-CORCORAN, CA 2 $390,000 $195,000 $4,165 3.63%
MUSKEGON, MI 3 $385,000 $128,333 $3,206 2.83%
POCATELLO, ID 1 $355,000 $355,000 $6,859 3.25%
BLOOMINGTON, IL 1 $345,000 $345,000 $2,020 3.25%
AMARILLO, TX 2 $330,000 $165,000 $2,731 3.44%
EVANSVILLE, IN-KY 2 $320,000 $160,000 $2,360 2.81%
SUMTER, SC 1 $295,000 $295,000 $2,919 3.50%
ELKHART-GOSHEN, IN 2 $290,000 $145,000 $2,345 3.94%
CHAMBERSBURG-WAYNESBORO, PA 1 $285,000 $285,000 $4,332 3.00%
SOUTH BEND-MISHAWAKA, IN-MI 2 $270,000 $135,000 $2,017 2.75%
PITTSFIELD, MA 1 $265,000 $265,000 $3,517 2.63%
CAPE GIRARDEAU, MO-IL 1 $225,000 $225,000 $2,206 3.38%
JOHNSTOWN, PA 1 $225,000 $225,000 $3,814 3.00%
ROCKY MOUNT, NC 1 $225,000 $225,000 $2,660 2.50%
APPLETON, WI 1 $215,000 $215,000 $2,289 3.75%
WICHITA FALLS, TX 1 $215,000 $215,000 $3,670 3.00%
DALTON, GA 1 $195,000 $195,000 $3,273 3.38%
JACKSON, TN 2 $190,000 $95,000 $3,076 3.13%
HAGERSTOWN-MARTINSBURG, MD-WV 2 $190,000 $95,000 $2,759 2.63%
ODESSA, TX 1 $185,000 $185,000 $3,287 3.50%
CUMBERLAND, MD-WV 1 $175,000 $175,000 $3,398 2.50%
VICTORIA, TX 1 $175,000 $175,000 $2,679 2.25%
VALDOSTA, GA 1 $175,000 $175,000 $2,215 2.88%
SPRINGFIELD, OH 2 $170,000 $85,000 $2,980 2.75%
HINESVILLE, GA 1 $165,000 $165,000 $2,215 3.38%
GREEN BAY, WI 1 $165,000 $165,000 $2,550 3.38%
DECATUR, IL 1 $155,000 $155,000 $2,660 2.63%
LUBBOCK, TX 1 $155,000 $155,000 $2,725 2.88%
WILLIAMSPORT, PA 1 $135,000 $135,000 $2,719 2.75%
MANSFIELD, OH 1 $105,000 $105,000 $2,100 2.88%
ALTOONA, PA 1 $85,000 $85,000 $2,751 3.38%
SEBRING-AVON PARK, FL 1 $85,000 $85,000 $2,845 3.13%
HUNTINGTON-ASHLAND, WV-KY-OH 1 $85,000 $85,000 $1,405 3.25%
CHAMPAIGN-URBANA, IL 1 $75,000 $75,000 $3,511 3.13%
JEFFERSON CITY, MO 1 $75,000 $75,000 $2,751 3.88%
FLORENCE, SC 1 $65,000 $65,000 $2,684 2.38%

Provident Funding Associates L.p.'s top markets include Dallas, Portland, Denver, Salt Lake City, and Seattle among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 21,804 $6,636,200,000 $304,357
3-4% 18,381 $5,746,375,000 $312,626
<2.5% 4,823 $1,204,385,000 $249,717
4-5% 411 $108,835,000 $264,805

During 2020, Provident Funding Associates L.p.'s average interest rate was 3.15%, while their most frequently originated rate bucket was 2.5-3%, with 21,804 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 27,179 $7,974,915,000 $293,422 $3,245 3.06%
$100k-200k 8,792 $1,427,970,000 $162,417 $2,889 2.99%
$400k-600k 8,406 $3,893,510,000 $463,182 $3,737 3.10%
$100,000 or less 521 $44,145,000 $84,731 $2,885 2.96%
$600k-1MM 514 $347,430,000 $675,934 $5,435 3.26%
$1MM+ 7 $7,825,000 $1,117,857 $8,598 3.82%

2020 saw Provident Funding Associates L.p. place emphasis on $200k-400k loans with 27,179 originations, totaling $7,974,915,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 16,364 $5,186,030,000 $316,917 $3,268 3.05%
$150k-250k 10,171 $3,592,935,000 $353,253 $3,506 3.03%
$75k-100k 8,733 $2,390,705,000 $273,755 $3,154 3.06%
$50k-75k 6,402 $1,473,920,000 $230,228 $3,029 3.07%
$250k+ 1,945 $728,785,000 $374,697 $4,028 3.07%
$50k or less 1,804 $323,420,000 $179,279 $3,022 3.07%

Provident Funding Associates L.p. lent most frequently to those with incomes in the $100k-150k range, with 16,364 originations. The second most popular income band? $150k-250k, with 10,171 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 14,702 $4,404,730,000 $299,601 $3,161 3.02%
30-36% 9,718 $3,036,960,000 $312,509 $3,327 3.07%
<20% 5,829 $1,497,515,000 $256,908 $2,979 2.94%
36% 1,524 $478,220,000 $313,793 $3,410 3.08%
39% 1,507 $470,855,000 $312,445 $3,445 3.11%
41% 1,446 $451,360,000 $312,144 $3,483 3.11%
37% 1,446 $450,710,000 $311,694 $3,423 3.10%
38% 1,428 $451,750,000 $316,352 $3,447 3.10%
40% 1,367 $422,575,000 $309,126 $3,512 3.10%
42% 1,309 $411,455,000 $314,328 $3,506 3.13%
44% 905 $287,005,000 $317,133 $3,612 3.16%
43% 883 $283,535,000 $321,104 $3,542 3.16%
45% 700 $214,820,000 $306,886 $3,404 3.16%
46% 676 $209,380,000 $309,734 $3,562 3.18%
48% 612 $196,890,000 $321,716 $3,659 3.13%
47% 610 $196,060,000 $321,410 $3,443 3.14%
49% 562 $170,300,000 $303,025 $3,498 3.16%
50-60% 129 $42,105,000 $326,395 $3,973 3.18%
>60% 6 $2,230,000 $371,667 $9,250 3.21%

Provident Funding Associates L.p. lent most frequently to those with DTI ratios of 20-30%, with 14,702 originations. The next most common DTI ratio? 30-36%, with 9,718 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 26,775 $7,840,745,000 $292,838 $3,294 3.05%
Asian 10,818 $3,513,180,000 $324,753 $3,300 3.03%
Not provided 7,207 $2,168,835,000 $300,935 $3,233 3.09%
Black 469 $130,065,000 $277,324 $3,565 3.09%
American Indian 100 $28,670,000 $286,700 $3,412 3.11%
Native Hawaiian 50 $14,300,000 $286,000 $3,075 3.04%

Approval Rates

Total approvals of all applications
93.70%

Provident Funding Associates L.p. has an average approval rate.

Pick Rate

Approvals leading to origination
74.93%

Provident Funding Associates L.p. has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 45,419 $13,695,795,000 $301,543

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Site-Built 45,419 $13,695,795,000 $301,543

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 5,621 $1,403,375,000 $249,666 $3,035 2.84%
40-60% 13,097 $3,768,995,000 $287,775 $3,070 2.95%
60-80% 19,744 $6,263,200,000 $317,220 $3,386 3.14%
80-100% 6,273 $2,106,645,000 $335,827 $3,687 3.19%
Over 100% 7 $2,675,000 $382,143 $9,109 3.13%
Under 20% 677 $150,905,000 $222,903 $3,018 2.78%