Citibank · New Mexico · 2025

Citibank in New Mexico: approval rate, denial rate and rates (2025)

Citibank took 37 mortgage applications in New Mexico in 2025, ranking #168 of 599 lenders active in the state. It originated 18.9% of them and denied 16.2% (46.2% of the applications it decided), against a statewide denial rate of 18.6%.

37Applicationsin NM
46.2%Decision denial ratestate 24.7%
6.63%Median ratestate 6.63%
$155,000Median loanstate $205,000
$3.4MVolume11 counties

Citibank in New Mexico vs the state

16.2%Denial rate-2.38 pts vs state
46.2%Decision denial rate+21.49 pts vs state
18.9%Origination rate-34.42 pts vs state
6.63%Median rate0.00 pts vs state
0.29Rate spread (pts)-0.10 pts vs state
$131kMedian applicant income
7Loans originated
6Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023331018.2%6.13%#144
202431119.7%6.75%#171
202537716.2%6.63%#168

What Citibank lends in New Mexico

By loan purpose

Home purchase 7 19% · 0.0% denied
Refinance 1 3% · 0.0% denied
Cash-out refinance 4 11% · 25.0% denied
Home improvement 11 30% · 18.2% denied
Other / HELOC 14 38% · 21.4% denied

By loan type

Conventional 36 97% · 16.7% denied
FHA 1 3% · 0.0% denied

Why it denied New Mexico applicants

Debt-to-income ratio 4 67%
Credit history 2 33%

Where in New Mexico

Counties with the most Citibank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bernalillo County 1522 13.3%
Santa Fe County 630 0.0%
Sandoval County 501 20.0%
Doña Ana County 302 66.7%
Quay County 201 50.0%
Taos County 100 0.0%
Colfax County 110 0.0%
San Juan County 100 0.0%
Otero County 100 0.0%
Chaves County 100 0.0%

Other large lenders in New Mexico

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 4,44020.5%6.75%
21st MortgageF 3,99245.5%9.60%
United Shore Financial ServicesB 3,25112.8%6.13%
Guild MortgageA 3,1864.3%6.63%
NusendaD 2,96213.7%8.00%
Waterstone MortgageC 2,7403.2%6.88%
Vanderbilt Mortgage and FinanceF 2,08546.4%9.99%
Sunward Federal Credit UnionB 1,7659.1%6.50%
Mortgage Research CenterC 1,68315.9%6.25%
Primary Residential MortgageC 1,4974.9%6.63%

Frequently asked questions

New Mexico: 37 applications in 2025, of which 7 were originated and 6 denied.

16.2% of all applications, or 46.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Citibank originated in New Mexico in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Citibank'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