Lender report card · New Jersey

Peoples United Bank

Buffalo, NY · What the federal mortgage record shows about how Peoples United Bank treated New Jersey applicants, 2018–2025 — 219 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
69.4%
152 approved
Denial rate
30.6%
67 denied
Decisions
219
2018–2025
Avg. rate spread
-0.12 pp
vs. market benchmark
69.4% approved
30.6% denied

Share of 219 New Jersey applications Peoples United Bank approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional69.4% of 219 · NJ 87%

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

Approval rate over time

61%65%69%73%77%70%77%76%65%69%20182019202020212022

Pricing

Adjusting for its loan-type mix, Peoples United Bank’s rates ran -0.35 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 Peoples United Bank approves

By income
$100–150k80.0% · 25$150–250k67.4% · 86$250k+71.4% · 91
By debt-to-income
Under 36%75.4% · 12636–43%77.0% · 61
By down payment (LTV)
20%+ down71.9% · 171

Why Peoples United Bank denied applications

Debt-to-income ratio31% of denialsCollateral (value/type)30% of denialsOther27% of denialsInsufficient cash to close15% of denialsIncomplete application13% of denialsCredit history9% of denials

Where Peoples United Bank lends in NJ

CountyDecisionsApproval
Hudson County5060.0%
Bergen County5070.0%

Fees & closing costs

Median total loan costs
$6,234
home purchase
As % of loan
0.86%
NJ median 1.93%
Priced originations
66
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Peoples United Bank’s home-purchase originations — 1.07 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $900. 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 United Bank (LEI N4662XQCE3KKIZ6EZS08). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →