BMO Bank in New Mexico vs the state
37.6%Denial rate+19.04 pts vs state
49.9%Decision denial rate+25.19 pts vs state
36.7%Origination rate-16.61 pts vs state
8.48%Median rate+1.86 pts vs state
1.30Rate spread (pts)+0.91 pts vs state
$75kMedian applicant income
162Loans originated
166Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 283 | 113 | 36.0% | 6.88% | #60 |
| 2024 | 408 | 139 | 34.8% | 8.84% | #42 |
| 2025 | 441 | 162 | 37.6% | 8.48% | #44 |
What BMO 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 BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 285 | 93 | 109 | 38.2% |
| Doña Ana County | 61 | 26 | 28 | 45.9% |
| Sandoval County | 42 | 22 | 11 | 26.2% |
| Valencia County | 16 | 4 | 8 | 50.0% |
| Santa Fe County | 8 | 5 | 2 | 25.0% |
| Torrance County | 5 | 1 | 2 | 40.0% |
| Taos County | 5 | 1 | 1 | 20.0% |
| Socorro County | 3 | 1 | 2 | 66.7% |
| Los Alamos County | 2 | 1 | 1 | 50.0% |
| Cibola County | 2 | 0 | 1 | 50.0% |
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: 441 applications in 2025, of which 162 were originated and 166 denied.
37.6% of all applications, or 49.9% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans BMO Bank originated in New Mexico in 2025 was 8.48%, against a statewide median of 6.63%.
About this data. Figures are BMO 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