Peapack-Gladstone Bank · New Jersey · 2025

Peapack-Gladstone Bank in New Jersey: approval rate, denial rate and rates (2025)

Peapack-Gladstone Bank took 122 mortgage applications in New Jersey in 2025, ranking #249 of 883 lenders active in the state. It originated 90.2% of them and denied 2.5% (2.6% of the applications it decided), against a statewide denial rate of 17.7%.

122Applicationsin NJ
2.6%Decision denial ratestate 23.1%
Median ratestate 6.75%
$485,000Median loanstate $295,000
$140MVolume14 counties

Peapack-Gladstone Bank in New Jersey vs the state

2.5%Denial rate-15.23 pts vs state
2.6%Decision denial rate-20.44 pts vs state
90.2%Origination rate+34.48 pts vs state
Median rate
Rate spread (pts)
$126kMedian applicant income
110Loans originated
3Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232782224.7%4.75%#149
202482696.1%#284
20251221102.5%#249

What Peapack-Gladstone Bank lends in New Jersey

By loan purpose

Home purchase 86 70% · 3.5% denied
Refinance 20 16% · 0.0% denied
Cash-out refinance 10 8% · 0.0% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 5 4% · 0.0% denied

By loan type

Conventional 122 100% · 2.5% denied

Where in New Jersey

Counties with the most Peapack-Gladstone Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Union County 28261 3.6%
Morris County 18150 0.0%
Somerset County 18170 0.0%
Essex County 13110 0.0%
Monmouth County 880 0.0%
Hunterdon County 880 0.0%
Bergen County 650 0.0%
Ocean County 660 0.0%
Hudson County 550 0.0%
Warren County 440 0.0%

Other large lenders in New Jersey

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 16,33916.1%6.75%
TD BankD 12,53226.2%7.49%
Bank of AmericaF 12,14230.6%6.00%
Citizens BankC 12,11328.9%7.40%
Crosscountry MortgageB 12,0425.3%6.75%
PNC BankD 10,81527.8%7.75%
United Shore Financial ServicesB 10,55215.3%6.38%
Guaranteed RateB 8,6435.5%6.58%
NewrezD 6,53522.5%6.99%
Loandepot.ComD 6,49115.3%6.63%

Frequently asked questions

New Jersey: 122 applications in 2025, of which 110 were originated and 3 denied.

2.5% of all applications, or 2.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Peapack-Gladstone Bank's own HMDA filing for properties located in New Jersey, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology