The Mortgage Record
Lender report card · New Jersey

Peapack Private Bank & Trust

Bedminster, NJ · What the federal mortgage record shows about how Peapack Private Bank & Trust treated New Jersey applicants, 2018–2025 — 1,909 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
96.5%
1,843 approved
Denial rate
3.5%
66 denied
Decisions
1,909
2018–2025
Avg. rate spread
-0.42 pp
vs. market benchmark
96.5% approved
3.5% denied

Share of 1,909 New Jersey applications Peapack Private Bank & Trust approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional96.5% of 1,908 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

91%93%95%97%99%95%96%98%97%97%20182020202120222023

Pricing

Adjusting for its loan-type mix, Peapack Private Bank & Trust’s rates ran -0.65 pp lower than the typical New Jersey lender (average rate spread -0.42 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Peapack Private Bank & Trust approves

By income
Under $50k91.9% · 136$50–75k96.2% · 288$75–100k96.9% · 321$100–150k96.6% · 381$150–250k98.1% · 322$250k+95.5% · 286
By debt-to-income
Under 36%98.0% · 97736–43%97.3% · 47643–50%98.3% · 405Over 50%48.8% · 43
By down payment (LTV)
20%+ down97.6% · 1,23110–20% down94.2% · 1395–10% down95.5% · 200Under 3% down91.7% · 36

Why Peapack Private Bank & Trust denied applications

Debt-to-income ratio38% of denialsCollateral (value/type)35% of denialsCredit history26% of denialsOther14% of denialsUnverifiable information8% of denialsEmployment history5% of denials

Where Peapack Private Bank & Trust lends in NJ

CountyDecisionsApproval
Somerset County41295.6%
Union County28298.2%
Morris County28194.7%
Essex County22996.9%
Hunterdon County17196.5%
Middlesex County15494.8%
Monmouth County104100.0%
Ocean County68100.0%

Fees & closing costs

Median total loan costs
$4,803
home purchase
As % of loan
1.48%
NJ median 1.93%
Priced originations
872
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Peapack Private Bank & Trust’s home-purchase originations — 0.46 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $500. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Peapack Private Bank & Trust (LEI 549300FZJCP0WM3QJH15). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →