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If you've been paying attention to the nature of business in the past few decades, you will notice a familiar trend. That little neighborhood bank suddenly becomes part of a larger bank. That local mortgage lender ultimately gets absorbed by that same bank or by another huge lender. Before you know it, you don't have many separate options at all. You're dealing with different heads of the same monster. Is this the case with Provident Funding?


 Provident Funding, billed as “The Mortgage Price Leader,” is a very large mortgage corporation licensed to operate in 47 of the 50 states. Provident is, of course, more than a mortgage lender. Like so many in today's market, they're a financial institution dealing with banking and an assortment of lending options. However, they're not known for being as cold-blooded and cutthroat as other institutions. Compared to the big boys who trade your mortgages like a game, Provident is a mom 'n' pop setup.


So let's have a look at Provident Funding mortgage rates to see how they stack against the competition.


To know with a degree of certainty how Provident's rates will work for you, you should really use their mortgage calculator in order to give the full price of the home, the down payment you're coming up with, your credit, your address, and other factors. Then you can receive a fully accurate quote. But to just go over their mortgage rates as advertised, we see that they're offering some great rates to qualified borrowers.


For example, their 5/1 LIBOR ARM loan option has a rate of 2.375% with an APR of only 2.492%. For their 30-year fixed-rate package, you're looking at a rate of 3.375% with an APR of 3.521%. Perhaps their best package, the 15-year fixed-rate, is available for 2.750% with an APR of 2.912%.


Make sure you check this company's options if you want the full scope of their packages and the rates they're offering.