American Financing in New Mexico vs the state
42.5%Denial rate+23.87 pts vs state
59.0%Decision denial rate+34.30 pts vs state
22.0%Origination rate-31.30 pts vs state
5.88%Median rate-0.75 pts vs state
0.01Rate spread (pts)-0.37 pts vs state
$78kMedian applicant income
41Loans originated
79Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 96 | 19 | 43.8% | 6.50% | #95 |
| 2024 | 147 | 32 | 51.7% | 5.99% | #80 |
| 2025 | 186 | 41 | 42.5% | 5.88% | #82 |
What American Financing lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most American Financing applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 55 | 9 | 27 | 49.1% |
| Sandoval County | 20 | 4 | 11 | 55.0% |
| San Juan County | 19 | 6 | 7 | 36.8% |
| Doña Ana County | 13 | 3 | 5 | 38.5% |
| Valencia County | 13 | 4 | 3 | 23.1% |
| Santa Fe County | 8 | 0 | 3 | 37.5% |
| Chaves County | 8 | 1 | 3 | 37.5% |
| Otero County | 7 | 2 | 1 | 14.3% |
| Lea County | 7 | 2 | 3 | 42.9% |
| Eddy County | 6 | 2 | 2 | 33.3% |
Other large lenders in New Mexico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 4,440 | 20.5% | 6.75% |
| 21st Mortgage | F | 3,992 | 45.5% | 9.60% |
| United Shore Financial Services | B | 3,251 | 12.8% | 6.13% |
| Guild Mortgage | A | 3,186 | 4.3% | 6.63% |
| Nusenda | D | 2,962 | 13.7% | 8.00% |
| Waterstone Mortgage | C | 2,740 | 3.2% | 6.88% |
| Vanderbilt Mortgage and Finance | F | 2,085 | 46.4% | 9.99% |
| Sunward Federal Credit Union | B | 1,765 | 9.1% | 6.50% |
| Mortgage Research Center | C | 1,683 | 15.9% | 6.25% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
Frequently asked questions
New Mexico: 186 applications in 2025, of which 41 were originated and 79 denied.
42.5% of all applications, or 59.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans American Financing originated in New Mexico in 2025 was 5.88%, against a statewide median of 6.63%.
About this data. Figures are American Financing's own HMDA filing for properties located in New Mexico, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology