Peoples Security Bank and Trust · New Jersey · 2025

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

Peoples Security Bank and Trust took 133 mortgage applications in New Jersey in 2025, ranking #239 of 883 lenders active in the state. It originated 63.2% of them and denied 21.8% (24.6% of the applications it decided), against a statewide denial rate of 17.7%.

133Applicationsin NJ
24.6%Decision denial ratestate 23.1%
1.99%Median ratestate 6.75%
$255,000Median loanstate $295,000
$58MVolume21 counties

Peoples Security Bank and Trust in New Jersey vs the state

21.8%Denial rate+4.11 pts vs state
24.6%Decision denial rate+1.53 pts vs state
63.2%Origination rate+7.48 pts vs state
1.99%Median rate-4.76 pts vs state
-5.20Rate spread (pts)-5.48 pts vs state
$178kMedian applicant income
84Loans originated
29Denied

Trend in New Jersey

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023402815.0%5.50%#363
2024573129.8%1.99%#328
20251338421.8%1.99%#239

What Peoples Security Bank and Trust lends in New Jersey

By loan purpose

Home purchase 30 23% · 16.7% denied
Refinance 31 23% · 12.9% denied
Home improvement 60 45% · 25.0% denied
Other / HELOC 12 9% · 41.7% denied

By loan type

Conventional 133 100% · 21.8% denied

Why it denied New Jersey applicants

Debt-to-income ratio 22 76%
Collateral 3 10%
Credit history 2 7%
Insufficient cash 1 3%
Other 1 3%

Where in New Jersey

Counties with the most Peoples Security Bank and Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Middlesex County 331810 30.3%
Bergen County 1593 20.0%
Ocean County 14112 14.3%
Monmouth County 1082 20.0%
Hunterdon County 742 28.6%
Somerset County 733 42.9%
Union County 732 28.6%
Burlington County 530 0.0%
Morris County 530 0.0%
Essex County 550 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: 133 applications in 2025, of which 84 were originated and 29 denied.

21.8% of all applications, or 24.6% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.

The median rate on loans Peoples Security Bank and Trust originated in New Jersey in 2025 was 1.99%, against a statewide median of 6.75%.

About this data. Figures are Peoples Security Bank and Trust'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