PNC Bank in New Jersey vs the state
27.8%Denial rate+10.10 pts vs state
33.4%Decision denial rate+10.38 pts vs state
53.2%Origination rate-2.47 pts vs state
7.75%Median rate+1.00 pts vs state
0.55Rate spread (pts)+0.27 pts vs state
$133kMedian applicant income
5,755Loans originated
3,006Denied
Trend in New Jersey
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10,939 | 5,702 | 29.0% | 8.70% | #4 |
| 2024 | 10,047 | 5,209 | 30.0% | 8.82% | #7 |
| 2025 | 10,815 | 5,755 | 27.8% | 7.75% | #6 |
What PNC Bank lends in New Jersey
By loan purpose
By loan type
Why it denied New Jersey applicants
Where in New Jersey
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Ocean County | 1,367 | 853 | 322 | 23.6% |
| Middlesex County | 999 | 509 | 309 | 30.9% |
| Monmouth County | 887 | 497 | 230 | 25.9% |
| Camden County | 823 | 437 | 206 | 25.0% |
| Bergen County | 753 | 406 | 208 | 27.6% |
| Morris County | 608 | 327 | 163 | 26.8% |
| Burlington County | 605 | 336 | 141 | 23.3% |
| Essex County | 596 | 245 | 211 | 35.4% |
| Mercer County | 595 | 319 | 153 | 25.7% |
| Passaic County | 526 | 202 | 213 | 40.5% |
Other large lenders in New Jersey
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 16,339 | 16.1% | 6.75% |
| TD Bank | D | 12,532 | 26.2% | 7.49% |
| Bank of America | F | 12,142 | 30.6% | 6.00% |
| Citizens Bank | C | 12,113 | 28.9% | 7.40% |
| Crosscountry Mortgage | B | 12,042 | 5.3% | 6.75% |
| United Shore Financial Services | B | 10,552 | 15.3% | 6.38% |
| Guaranteed Rate | B | 8,643 | 5.5% | 6.58% |
| Newrez | D | 6,535 | 22.5% | 6.99% |
| Loandepot.Com | D | 6,491 | 15.3% | 6.63% |
| Pennymac Loan Services | C | 6,343 | 12.9% | 6.62% |
Frequently asked questions
New Jersey: 10,815 applications in 2025, of which 5,755 were originated and 3,006 denied.
27.8% of all applications, or 33.4% of the applications it actually decided on. The New Jersey statewide average across all lenders was 17.7%.
The median rate on loans PNC Bank originated in New Jersey in 2025 was 7.75%, against a statewide median of 6.75%.
About this data. Figures are PNC 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