People First Federal Credit Union · New Jersey · 2025

People First Federal Credit Union in New Jersey: approval rate, denial rate and rates (2025)

People First Federal Credit Union took 16 mortgage applications in New Jersey in 2025, ranking #479 of 883 lenders active in the state. It originated 37.5% of them and denied 37.5% (46.2% of the applications it decided), against a statewide denial rate of 17.7%.

16Applicationsin NJ
46.2%Decision denial ratestate 23.1%
Median ratestate 6.75%
$140,000Median loanstate $295,000
$1.8MVolume10 counties

People First Federal Credit Union in New Jersey vs the state

37.5%Denial rate+19.81 pts vs state
46.2%Decision denial rate+23.10 pts vs state
37.5%Origination rate-18.18 pts vs state
Median rate
Rate spread (pts)
$150kMedian applicant income
6Loans originated
6Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231397.7%#498
202418927.8%#459
202516637.5%#479

What People First Federal Credit Union lends in New Jersey

By loan purpose

Home purchase 2 13% · 0.0% denied
Refinance 3 19% · 33.3% denied
Cash-out refinance 2 13% · 0.0% denied
Home improvement 5 31% · 20.0% denied
Other / HELOC 4 25% · 100.0% denied

By loan type

Conventional 16 100% · 37.5% denied

Where in New Jersey

Counties with the most People First Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bergen County 412 50.0%
Warren County 220 0.0%
Camden County 220 0.0%
Essex County 202 100.0%
Monmouth County 101 100.0%
Somerset County 100 0.0%
Hudson County 101 100.0%
Mercer County 100 0.0%
Hunterdon County 100 0.0%
Middlesex County 110 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: 16 applications in 2025, of which 6 were originated and 6 denied.

37.5% of all applications, or 46.2% 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 People First Federal Credit Union'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