The Provident Bank Mortgage Rates, Fees & Info

Amesbury, MA

LEI: 549300GBPH5PK1AIGV76

Tax ID: 04-3497377

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Provident Bank is a smaller bank specializing in Home Purchase and Refi loans. The Provident Bank has a high proportion of conventional loans. Their top markets by origination volume include: Manchester, Boston, Concord, Keene, and Lebanon among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Provident Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

23

Origination Dollar Volume (All Markets)

$10,835,000

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 11 $4,705,000 $427,727 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 7 $4,105,000 $586,429 $0 0.00%
Concord, NH (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
Keene, NH (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
Lebanon, NH-VT (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
The Provident Bank's top markets include Manchester, Boston, Concord, Keene, and Lebanon among others.

Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $10,835,000 $471,087 $0 0.00%

    For 2023, The Provident Bank's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 16 $6,520,000 $407,500 $0 0.00%
    Refi 6 $4,210,000 $701,667 $0 0.00%
    Home Improvement 1 $105,000 $105,000 $0 0.00%

    For 2023, The Provident Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 23 $10,835,000 $471,087 $0 0.00%

    For 2023, The Provident Bank's most frequently cited loan duration was Other, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8 $2,290,000 $286,250 $0 0.00%
    $400k-600k 6 $3,010,000 $501,667 $0 0.00%
    $600k-1MM 4 $3,030,000 $757,500 $0 0.00%
    $100k-200k 3 $415,000 $138,333 $0 0.00%
    $1MM+ 2 $2,090,000 $1,045,000 $0 0.00%

    2023 saw The Provident Bank place emphasis on $200k-400k loans with 8 originations, totaling $2,290,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 1 $135,000 $135,000 $0 0.00%

    The Provident Bank lent most frequently to those with incomes in the $250k+ range, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 23 $10,835,000 $471,087 $0 0.00%

    The Provident Bank lent most frequently to those with DTI ratios of Exempt%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 21 $10,135,000 $482,619 $0 0.00%
    White 2 $700,000 $350,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The Provident Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.30%

    The Provident Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 23 $10,835,000 $471,087

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    23 $10,835,000 $471,087