Better Mortgage in New Mexico vs the state
30.2%Denial rate+11.58 pts vs state
46.4%Decision denial rate+21.71 pts vs state
33.5%Origination rate-19.89 pts vs state
6.88%Median rate+0.25 pts vs state
0.24Rate spread (pts)-0.14 pts vs state
$134kMedian applicant income
92Loans originated
83Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 89 | 37 | 5.6% | 6.00% | #98 |
| 2024 | 121 | 46 | 13.2% | 6.63% | #88 |
| 2025 | 275 | 92 | 30.2% | 6.88% | #65 |
What Better Mortgage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 109 | 38 | 32 | 29.4% |
| Doña Ana County | 29 | 8 | 10 | 34.5% |
| Sandoval County | 28 | 11 | 7 | 25.0% |
| Santa Fe County | 24 | 9 | 7 | 29.2% |
| Valencia County | 16 | 3 | 4 | 25.0% |
| San Juan County | 12 | 5 | 5 | 41.7% |
| Taos County | 7 | 2 | 3 | 42.9% |
| Curry County | 7 | 1 | 1 | 14.3% |
| Otero County | 6 | 2 | 4 | 66.7% |
| Los Alamos 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: 275 applications in 2025, of which 92 were originated and 83 denied.
30.2% of all applications, or 46.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Better Mortgage originated in New Mexico in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Better Mortgage'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