Bell Bank in New Mexico vs the state
3.5%Denial rate-15.07 pts vs state
4.3%Decision denial rate-20.34 pts vs state
77.8%Origination rate+24.50 pts vs state
6.38%Median rate-0.25 pts vs state
0.20Rate spread (pts)-0.19 pts vs state
$88kMedian applicant income
397Loans originated
18Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 297 | 222 | 3.7% | 6.63% | #57 |
| 2024 | 471 | 382 | 3.8% | 6.49% | #36 |
| 2025 | 510 | 397 | 3.5% | 6.38% | #34 |
What Bell 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 Bell Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Curry County | 198 | 164 | 7 | 3.5% |
| Bernalillo County | 154 | 113 | 2 | 1.3% |
| Santa Fe County | 61 | 41 | 7 | 11.5% |
| Roosevelt County | 46 | 41 | 1 | 2.2% |
| Sandoval County | 22 | 16 | 0 | 0.0% |
| Valencia County | 6 | 6 | 0 | 0.0% |
| Doña Ana County | 3 | 1 | 0 | 0.0% |
| Taos County | 3 | 2 | 0 | 0.0% |
| Socorro County | 3 | 2 | 0 | 0.0% |
| San Miguel County | 3 | 2 | 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: 510 applications in 2025, of which 397 were originated and 18 denied.
3.5% of all applications, or 4.3% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Bell Bank originated in New Mexico in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Bell 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