The Mortgage Record
Lender report card · New Jersey

Peoples Mortgage Company

Tempe, AZ · What the federal mortgage record shows about how Peoples Mortgage Company treated New Jersey applicants, 2018–2025 — 431 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
93.5%
403 approved
Denial rate
6.5%
28 denied
Decisions
431
2018–2025
Avg. rate spread
+0.78 pp
vs. market benchmark
93.5% approved
6.5% denied

Share of 431 New Jersey applications Peoples Mortgage Company approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional94.0% of 283 · NJ 87%FHA91.1% of 124 · NJ 79%

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

Approval rate over time

77%82%87%92%97%80%90%95%96%94%100%100%100%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Peoples Mortgage Company’s rates ran +0.36 pp higher than the typical New Jersey lender (average rate spread +0.78 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Peoples Mortgage Company approves

By income
Under $50k84.0% · 25$50–75k90.5% · 105$75–100k94.2% · 86$100–150k94.8% · 116$150–250k96.1% · 77
By debt-to-income
Under 36%96.6% · 14836–43%95.3% · 10743–50%98.2% · 110Over 50%75.9% · 58
By down payment (LTV)
20%+ down99.4% · 15410–20% down100.0% · 425–10% down98.2% · 563–5% down100.0% · 83

Why Peoples Mortgage Company denied applications

Debt-to-income ratio46% of denialsCredit history25% of denialsCollateral (value/type)21% of denialsEmployment history11% of denialsUnverifiable information4% of denialsOther4% of denials

Where Peoples Mortgage Company lends in NJ

CountyDecisionsApproval
Ocean County10495.2%
Sussex County5488.9%
Monmouth County3196.8%
Essex County3093.3%
Morris County2889.3%

Fees & closing costs

Median total loan costs
$7,253
home purchase
As % of loan
2.90%
NJ median 1.93%
Priced originations
253
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Peoples Mortgage Company’s home-purchase originations — 0.96 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $545. 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 Peoples Mortgage Company (LEI 549300N3JBQ15RQ7AV97). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →