Provident State Bank Mortgage Rates, Fees & InfoPreston, MD
Tax ID: 52-0451670
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewProvident State Bank is a smaller bank specializing in Home Purchase and Refi loans. Provident State Bank 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 by origination volume include: Baltimore, Salisbury, Easton, Cambridge, and Dover among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)
Provident State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Origination Dollar Volume (All Markets)$53,790,000
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|
|BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA)||25||$15,835,000||$633,400||$0||0.00%|
|SALISBURY, MD-DE (FHA|USDA|VA)||28||$12,760,000||$455,714||$0||0.00%|
|Easton, MD (FHA|USDA|VA)||26||$11,500,000||$442,308||$0||0.00%|
|Outside of Metro Areas||20||$8,200,000||$410,000||$0||0.00%|
|Cambridge, MD (FHA|USDA|VA)||7||$1,965,000||$280,714||$0||0.00%|
|DOVER, DE (FHA|USDA|VA)||4||$1,340,000||$335,000||$0||0.00%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||2||$1,150,000||$575,000||$0||0.00%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||2||$1,040,000||$520,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Provident State Bank's most frequently originated type of loan was Conventional, with 112 originations. Their 2nd most popular type was FHA, with 2 originations.
For 2022, Provident State Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 27 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Provident State Bank's most frequently cited loan duration was Other, with 114 originations.
2022 saw Provident State Bank place emphasis on $200k-400k loans with 38 originations, totaling $11,070,000 in origination value.
Provident State Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $100k-150k, with 22 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Provident State Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Approval RatesTotal approvals of all applications
Provident State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Provident State Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|