Bank of Colorado in New Mexico vs the state
19.6%Denial rate+1.04 pts vs state
23.9%Decision denial rate-0.75 pts vs state
60.7%Origination rate+7.37 pts vs state
6.69%Median rate+0.06 pts vs state
0.48Rate spread (pts)+0.10 pts vs state
$86kMedian applicant income
34Loans originated
11Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 43 | 30 | 14.0% | 6.99% | #131 |
| 2024 | 67 | 36 | 34.3% | 7.50% | #116 |
| 2025 | 56 | 34 | 19.6% | 6.69% | #141 |
What Bank of Colorado 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 Colorado applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| McKinley County | 45 | 25 | 11 | 24.4% |
| San Juan County | 5 | 4 | 0 | 0.0% |
| Cibola County | 1 | 1 | 0 | 0.0% |
| Bernalillo County | 1 | 1 | 0 | 0.0% |
| Taos County | 1 | 1 | 0 | 0.0% |
| Otero County | 1 | 1 | 0 | 0.0% |
| Eddy County | 1 | 1 | 0 | 0.0% |
| Santa Fe County | 1 | 0 | 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: 56 applications in 2025, of which 34 were originated and 11 denied.
19.6% of all applications, or 23.9% 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 Colorado originated in New Mexico in 2025 was 6.69%, against a statewide median of 6.63%.
About this data. Figures are Bank of Colorado'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