Armed Forces Bank in New Mexico vs the state
18.5%Denial rate-0.08 pts vs state
27.8%Decision denial rate+3.12 pts vs state
48.2%Origination rate-5.19 pts vs state
6.13%Median rate-0.50 pts vs state
-0.46Rate spread (pts)-0.84 pts vs state
$182kMedian applicant income
13Loans originated
5Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 48 | 29 | 4.2% | 6.50% | #127 |
| 2024 | 35 | 21 | 8.6% | 6.25% | #165 |
| 2025 | 27 | 13 | 18.5% | 6.13% | #184 |
What Armed Forces Bank lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Otero County | 7 | 6 | 1 | 14.3% |
| Bernalillo County | 6 | 1 | 1 | 16.7% |
| Sandoval County | 5 | 0 | 3 | 60.0% |
| Doña Ana County | 4 | 3 | 0 | 0.0% |
| Santa Fe County | 3 | 2 | 0 | 0.0% |
| Cibola County | 1 | 0 | 0 | 0.0% |
| Valencia County | 1 | 1 | 0 | 0.0% |
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: 27 applications in 2025, of which 13 were originated and 5 denied.
18.5% of all applications, or 27.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Armed Forces Bank originated in New Mexico in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Armed Forces Bank'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