Peoples Bank · New Jersey · 2025

Peoples Bank in New Jersey: approval rate, denial rate and rates (2025)

Peoples Bank took 16 mortgage applications in New Jersey in 2025, ranking #476 of 883 lenders active in the state. It originated 25.0% of them and denied 31.3% (55.6% of the applications it decided), against a statewide denial rate of 17.7%.

16Applicationsin NJ
55.6%Decision denial ratestate 23.1%
Median ratestate 6.75%
$340,000Median loanstate $295,000
$1.5MVolume11 counties

Peoples Bank in New Jersey vs the state

31.3%Denial rate+13.56 pts vs state
55.6%Decision denial rate+32.51 pts vs state
25.0%Origination rate-30.68 pts vs state
Median rate
Rate spread (pts)
$134kMedian applicant income
4Loans originated
5Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023181116.7%#454
202419190.0%#455
202516431.3%#476

What Peoples Bank lends in New Jersey

By loan purpose

Home purchase 1 6% · 0.0% denied
Cash-out refinance 15 94% · 33.3% denied

By loan type

Conventional 1 6% · 0.0% denied
FHA 15 94% · 33.3% denied

Where in New Jersey

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Union County 200 0.0%
Essex County 200 0.0%
Middlesex County 201 50.0%
Ocean County 211 50.0%
Gloucester County 202 100.0%
Mercer County 110 0.0%
Somerset County 110 0.0%
Hudson County 101 100.0%
Burlington County 110 0.0%
Salem County 100 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 4 were originated and 5 denied.

31.3% of all applications, or 55.6% 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 Peoples 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