Bank of America in New Mexico vs the state
40.6%Denial rate+21.96 pts vs state
53.2%Decision denial rate+28.58 pts vs state
34.5%Origination rate-18.88 pts vs state
6.25%Median rate-0.38 pts vs state
1.82Rate spread (pts)+1.44 pts vs state
$87kMedian applicant income
356Loans originated
419Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,196 | 432 | 48.4% | 7.43% | #12 |
| 2024 | 1,017 | 372 | 37.9% | 6.99% | #17 |
| 2025 | 1,033 | 356 | 40.6% | 6.25% | #17 |
What Bank of America lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 485 | 171 | 196 | 40.4% |
| Santa Fe County | 140 | 52 | 55 | 39.3% |
| Sandoval County | 134 | 50 | 51 | 38.1% |
| Doña Ana County | 108 | 34 | 43 | 39.8% |
| San Juan County | 34 | 5 | 19 | 55.9% |
| Valencia County | 32 | 9 | 18 | 56.3% |
| Otero County | 11 | 4 | 5 | 45.5% |
| Chaves County | 11 | 3 | 2 | 18.2% |
| Curry County | 8 | 4 | 1 | 12.5% |
| Eddy County | 8 | 3 | 3 | 37.5% |
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: 1,033 applications in 2025, of which 356 were originated and 419 denied.
40.6% of all applications, or 53.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Bank of America originated in New Mexico in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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