Lender report card · New Jersey

Penn Community Bank

Perkasie, PA · What the federal mortgage record shows about how Penn Community Bank treated New Jersey applicants, 2018–2025 — 203 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
88.2%
179 approved
Denial rate
11.8%
24 denied
Decisions
203
2018–2025
Avg. rate spread
+0.12 pp
vs. market benchmark
88.2% approved
11.8% denied

Share of 203 New Jersey applications Penn Community Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional88.2% of 203 · NJ 87%

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

Approval rate over time

69%76%83%90%97%73%89%85%90%95%89%100%100%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Penn Community Bank’s rates ran -0.10 pp lower than the typical New Jersey lender (average rate spread +0.12 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Penn Community Bank approves

By income
$100–150k96.8% · 31$150–250k90.9% · 55$250k+97.2% · 72
By debt-to-income
Under 36%98.0% · 10036–43%92.4% · 66
By down payment (LTV)
20%+ down89.3% · 159

Why Penn Community Bank denied applications

Debt-to-income ratio62% of denialsIncomplete application17% of denialsCredit history17% of denialsOther4% of denialsCollateral (value/type)4% of denialsInsufficient cash to close4% of denials

Where Penn Community Bank lends in NJ

CountyDecisionsApproval
Cape May County5891.4%
Hunterdon County3086.7%

Fees & closing costs

Median total loan costs
$3,871
home purchase
As % of loan
0.85%
NJ median 1.93%
Priced originations
72
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Penn Community Bank’s home-purchase originations — 1.08 points lower than the 1.93% New Jersey median. 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 Penn Community Bank (LEI 549300L3C3LKXG2XBS96). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →