Provident Savings Bank F.s.b. Mortgage Rates, Fees & Info

Riverside, CA

LEI: 549300VRYDYOPWK5MO08

Tax ID: 95-1897077

5 stars - Updated: 11/17/24 - out of 5 stars, based on 11 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Provident Savings Bank F.s.b. is a smaller bank specializing in Home Purchase loans. Provident Savings Bank F.s.b. has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Riverside, San Diego, and Sacramento among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Provident Savings Bank F.s.b. has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Provident Savings Bank F.s.b. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.16% 11/17/24
    30 Year Conventional Refi 6.11% 11/17/24
    30 Year Cash-out Refi 6.15% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Provident Savings Bank F.s.b. Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Provident Savings Bank F.s.b.. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    130

    Origination Dollar Volume (All Markets)

    $106,450,000

    Awards

    Provident Savings Bank F.S.B. 30 Year Conventional Loans silver
    Show all (1) awards

    Relative Rate

    Provident Savings Bank F.s.b.'s average 30 year fixed mortgage rate was 6.51%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.03%.

    Relative Fees (Closing Costs)

    Provident Savings Bank F.s.b.'s average total fees/closing costs for a 30 year fixed rate mortgage were $8,988.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 39 $34,475,000 $883,974 $9,779 6.58%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 29 $26,125,000 $900,862 $9,058 6.52%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 25 $15,395,000 $615,800 $7,745 6.71%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 16 $13,550,000 $846,875 $11,907 6.15%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $3,020,000 $755,000 $5,227 6.28%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $2,215,000 $738,333 $8,650 6.25%
    FRESNO, CA (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $0 6.93%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $1,690,000 $845,000 $11,614 6.38%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,630,000 $815,000 $6,321 6.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $1,620,000 $810,000 $5,399 6.40%
    STOCKTON, CA (FHA|USDA|VA) 2 $1,520,000 $760,000 $4,348 6.13%
    MODESTO, CA (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $0 5.70%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $825,000 $825,000 $9,433 7.38%
    Outside of Metro Areas 1 $655,000 $655,000 $0 6.55%
    VALLEJO, CA (FHA|USDA|VA) 1 $395,000 $395,000 $0 6.90%
    Provident Savings Bank F.s.b.'s top markets include Los Angeles, San Francisco, Riverside, San Diego, and Sacramento among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Provident Savings Bank F.S.B. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Sierra Central Credit Union
    Similarity Rank: 30
    Educational Employees Credit Union
    Similarity Rank: 44
    COASTHILLS
    Similarity Rank: 45
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
    Similarity Rank: 93
    VENTURA COUNTY
    Similarity Rank: 96
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    KD CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 242
    LBS FINANCIAL
    Similarity Rank: 258
    Water and Power Community Credit Union
    Similarity Rank: 261

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $106,450,000 $818,846 $8,988 6.52%

    For 2023, Provident Savings Bank F.s.b.'s most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $78,555,000 $826,895 $9,290 6.45%
    Refi 22 $16,970,000 $771,364 $4,937 6.59%
    Cash Out Refi 13 $10,925,000 $840,385 $4,115 6.85%

    For 2023, Provident Savings Bank F.s.b.'s most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 129 $105,845,000 $820,504 $8,988 6.51%
    Other 1 $605,000 $605,000 $0 7.10%

    For 2023, Provident Savings Bank F.s.b.'s most frequently cited loan duration was 30 Year, with 129 originations. The 2nd most popular length was Other, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 27 $20,415,000 $756,111
    $<1k 25 $20,665,000 $826,600
    $5k+ 21 $19,465,000 $926,905
    $2k-3k 10 $7,870,000 $787,000
    $3k-4k 5 $4,585,000 $917,000
    $4k-5k 4 $3,040,000 $760,000

    Provident Savings Bank F.s.b.'s average total fees were $8,988, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 27 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 46 $40,640,000 $883,478
    6-7% 46 $37,120,000 $806,957
    7-8% 38 $28,690,000 $755,000

    During 2023, Provident Savings Bank F.s.b.'s average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 5-6%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 78 $62,600,000 $802,564 $8,817 6.46%
    $1MM+ 25 $32,315,000 $1,292,600 $11,809 6.43%
    $400k-600k 16 $8,140,000 $508,750 $6,595 6.55%
    $200k-400k 10 $3,240,000 $324,000 $5,489 7.09%
    $100k-200k 1 $155,000 $155,000 $4,027 6.63%

    2023 saw Provident Savings Bank F.s.b. place emphasis on $600k-1MM loans with 78 originations, totaling $62,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 56 $52,760,000 $942,143 $9,903 6.31%
    $150k-250k 29 $20,055,000 $691,552 $7,688 6.41%
    $100k-150k 6 $2,980,000 $496,667 $7,376 6.90%
    $75k-100k 1 $245,000 $245,000 $5,166 7.38%

    Provident Savings Bank F.s.b. lent most frequently to those with incomes in the $250k+ range, with 56 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    42% 20 $18,060,000 $903,000 $10,458 6.31%
    30-36% 13 $10,495,000 $807,308 $9,551 6.42%
    41% 12 $9,810,000 $817,500 $7,185 6.30%
    20-30% 11 $7,895,000 $717,727 $9,394 6.23%
    40% 10 $8,240,000 $824,000 $7,709 6.27%
    36% 6 $5,600,000 $933,333 $10,021 6.21%
    38% 6 $6,250,000 $1,041,667 $10,248 6.65%
    39% 6 $3,840,000 $640,000 $6,444 6.35%
    49% 3 $1,865,000 $621,667 $9,095 7.21%
    37% 3 $3,135,000 $1,045,000 $9,169 6.38%
    47% 1 $245,000 $245,000 $5,166 7.38%
    48% 1 $605,000 $605,000 $6,725 7.75%

    Provident Savings Bank F.s.b. lent most frequently to those with DTI ratios of 42%, with 20 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $37,625,000 $800,532 $8,180 6.43%
    Asian 27 $22,335,000 $827,222 $9,468 6.49%
    Not applicable 25 $21,435,000 $857,400 $0 6.80%
    Not provided 24 $20,300,000 $845,833 $9,839 6.35%
    Black 4 $2,540,000 $635,000 $9,321 6.71%
    Asian Indian 1 $985,000 $985,000 $14,328 5.75%
    Vietnamese 1 $855,000 $855,000 $6,919 7.13%
    Korean 1 $375,000 $375,000 $0 7.65%

    Approval Rates

    Total approvals of all applications
    74.66%

    Provident Savings Bank F.s.b. has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.08%

    Provident Savings Bank F.s.b. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 130 $106,450,000 $818,846

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $106,450,000 $818,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $18,605,000 $808,913 $6,317 6.91%
    40-60% 22 $17,130,000 $778,636 $10,204 6.67%
    60-80% 54 $46,820,000 $867,037 $8,759 6.36%
    80-100% 28 $22,480,000 $802,857 $9,362 6.35%
    Under 20% 3 $1,415,000 $471,667 $0 6.85%