The Mortgage Record
Lender report card · New Jersey

Provident Funding Associates

Santa Rosa, CA · What the federal mortgage record shows about how Provident Funding Associates treated New Jersey applicants, 2018–2025 — 6,210 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
83.5%
5,185 approved
Denial rate
16.5%
1,025 denied
Decisions
6,210
2018–2025
Avg. rate spread
-0.01 pp
vs. market benchmark
83.5% approved
16.5% denied

Share of 6,210 New Jersey applications Provident Funding Associates approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional83.5% of 6,185 · NJ 87%FHA92.0% of 25 · NJ 79%

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

Approval rate over time

71%76%81%86%91%89%90%75%79%80%89%90%91%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Provident Funding Associates’s rates ran -0.24 pp lower than the typical New Jersey lender (average rate spread -0.01 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 Funding Associates approves

By income
Under $50k40.2% · 194$50–75k67.1% · 489$75–100k81.7% · 867$100–150k88.4% · 1,985$150–250k88.8% · 2,004$250k+80.2% · 671
By debt-to-income
Under 36%87.3% · 3,07436–43%92.9% · 1,38843–50%90.8% · 1,265Over 50%11.4% · 413
By down payment (LTV)
20%+ down83.3% · 4,57710–20% down88.4% · 5095–10% down78.6% · 3233–5% down73.8% · 61

Why Provident Funding Associates denied applications

Credit history33% of denialsDebt-to-income ratio30% of denialsCollateral (value/type)27% of denialsOther7% of denialsUnverifiable information3% of denialsEmployment history2% of denials

Where Provident Funding Associates lends in NJ

CountyDecisionsApproval
Middlesex County94084.1%
Bergen County68483.2%
Monmouth County58780.6%
Morris County54086.5%
Somerset County45289.8%
Burlington County40884.8%
Ocean County38283.0%
Essex County32076.9%

Fees & closing costs

Median total loan costs
$6,011
home purchase
As % of loan
1.53%
NJ median 1.93%
Priced originations
2,103
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Provident Funding Associates’s home-purchase originations — 0.41 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $1,125. 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 Funding Associates (LEI 54930043BMDE130FJ617). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →