The Mortgage Record
Lender report card · New Jersey

Pnc Bank N.a.

Pittsburgh, PA · What the federal mortgage record shows about how Pnc Bank N.a. treated New Jersey applicants, 2018–2025 — 19,735 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
75.9%
14,978 approved
Denial rate
24.1%
4,757 denied
Decisions
19,735
2018–2025
Avg. rate spread
+0.27 pp
vs. market benchmark
75.9% approved
24.1% denied

Share of 19,735 New Jersey applications Pnc Bank N.a. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional76.5% of 19,015 · NJ 87%FHA58.5% of 568 · NJ 79%VA69.7% of 145 · NJ 80%

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

Approval rate over time

67%71%75%79%83%70%73%75%82%81%74%80%81%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Pnc Bank N.a.’s rates ran +0.04 pp higher than the typical New Jersey lender (average rate spread +0.27 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Pnc Bank N.a. approves

By income
Under $50k47.4% · 1,891$50–75k70.5% · 2,888$75–100k75.7% · 2,886$100–150k79.1% · 4,228$150–250k82.3% · 4,155$250k+83.9% · 3,220
By debt-to-income
Under 36%88.3% · 8,52136–43%87.6% · 4,22543–50%83.6% · 3,627Over 50%29.1% · 2,206
By down payment (LTV)
20%+ down84.1% · 12,75410–20% down79.1% · 1,3905–10% down70.6% · 7293–5% down68.6% · 427Under 3% down22.4% · 134

Why Pnc Bank N.a. denied applications

Debt-to-income ratio31% of denialsCredit history27% of denialsIncomplete application22% of denialsCollateral (value/type)16% of denialsOther9% of denialsInsufficient cash to close4% of denials

Where Pnc Bank N.a. lends in NJ

CountyDecisionsApproval
Middlesex County1,87272.7%
Monmouth County1,73581.0%
Mercer County1,69476.8%
Ocean County1,55378.8%
Bergen County1,50172.5%
Somerset County1,33081.7%
Morris County1,27483.1%
Camden County1,07268.7%

Fees & closing costs

Median total loan costs
$5,182
home purchase
As % of loan
1.50%
NJ median 1.93%
Priced originations
5,914
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Pnc Bank N.a.’s home-purchase originations — 0.44 points lower than the 1.93% New Jersey median. Typical lender credit toward costs: $913. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Consumer complaints

CFPB complaints
187
from NJ, 2022–present
Answered on time
100%
of complaints
Closed with relief
12%
monetary or non-monetary

Complaints New Jersey mortgage customers filed against Pnc Bank N.a. with the federal Consumer Financial Protection Bureau, 2022–present. Most common issue: Trouble during payment process. Most mortgage complaints concern servicing — payments, escrow, and foreclosure — so this reflects a company’s customer experience as much as its lending, and volume partly tracks how many loans it services. Source: CFPB Consumer Complaint Database.

Compare Pnc Bank N.a. to other lenders for your profile

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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 Pnc Bank N.a. (LEI AD6GFRVSDT01YPT1CS68). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →