Parke Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
83rd1.2% deniedPricingmedian rate spread over APOR, weight 30%
98th-0.07 ptsProcesswithdrawn + incomplete share, weight 15%
65th2.9%Closing coststotal loan costs ÷ loan amount, weight 10%
34th3.74% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 624 | 602 | 0.5% | 0.5% | 6.75% | $163M |
| 2024 | 458 | 443 | 0.9% | 0.9% | 7.25% | $148M |
| 2025 | 347 | 322 | 1.2% | 1.2% | 6.75% | $146M |
What Parke Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 220 investment properties.
Why Parke Bank denies applications
Primary reason reported for each of the 4 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Parke Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 128 | 123 | 0.0% |
| $50k – $100k | 91 | 91 | 0.0% |
| $100k – $150k | 36 | 34 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 46 | 44 | 2.2% |
| 35–44 | 126 | 120 | 0.0% |
| 45–54 | 90 | 88 | 0.0% |
Where Parke Bank lends
5 states and 22 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Pennsylvania | 286 | 274 | 0.4% | 6.75% | #230 |
| New Jersey | 31 | 25 | 3.2% | 7.00% | #397 |
| Delaware | 15 | 15 | 0.0% | 6.75% | #204 |
| New York | 14 | 7 | 14.3% | 7.00% | #437 |
Frequently asked questions
Parke Bank denied 1.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 83rd percentile of investment-property lenders.
The most common reason Parke Bank gave in 2025 was "debt-to-income ratio", cited on 50.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Parke Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was -0.07 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 84% of its applications were for home purchases, 15% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.