City Bank in New Mexico vs the state
19.5%Denial rate+0.91 pts vs state
28.6%Decision denial rate+3.91 pts vs state
48.8%Origination rate-4.56 pts vs state
6.92%Median rate+0.29 pts vs state
0.61Rate spread (pts)+0.22 pts vs state
$94kMedian applicant income
40Loans originated
16Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 126 | 82 | 11.9% | 7.25% | #88 |
| 2024 | 80 | 42 | 11.3% | 7.38% | #106 |
| 2025 | 82 | 40 | 19.5% | 6.92% | #112 |
What City 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 City Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lincoln County | 66 | 34 | 13 | 19.7% |
| Doña Ana County | 6 | 1 | 2 | 33.3% |
| Otero County | 2 | 0 | 0 | 0.0% |
| Sandoval County | 2 | 2 | 0 | 0.0% |
| Chaves County | 1 | 0 | 0 | 0.0% |
| Santa Fe County | 1 | 1 | 0 | 0.0% |
| Roosevelt County | 1 | 0 | 1 | 100.0% |
| Lea County | 1 | 1 | 0 | 0.0% |
| Bernalillo County | 1 | 1 | 0 | 0.0% |
| Eddy 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: 82 applications in 2025, of which 40 were originated and 16 denied.
19.5% of all applications, or 28.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans City Bank originated in New Mexico in 2025 was 6.92%, against a statewide median of 6.63%.
About this data. Figures are City 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