Click n' Close · New Mexico · 2025

Click n' Close in New Mexico: approval rate, denial rate and rates (2025)

Click n' Close took 474 mortgage applications in New Mexico in 2025, ranking #38 of 599 lenders active in the state. It originated 71.5% of them and denied 4.0% (5.3% of the applications it decided), against a statewide denial rate of 18.6%.

474Applicationsin NM
5.3%Decision denial ratestate 24.7%
6.50%Median ratestate 6.63%
$235,000Median loanstate $205,000
$78MVolume21 counties

Click n' Close in New Mexico vs the state

4.0%Denial rate-14.59 pts vs state
5.3%Decision denial rate-19.40 pts vs state
71.5%Origination rate+18.18 pts vs state
6.50%Median rate-0.13 pts vs state
3.57Rate spread (pts)+3.19 pts vs state
$89kMedian applicant income
339Loans originated
19Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233762732.9%6.75%#43
20244563211.1%6.63%#39
20254743394.0%6.50%#38

What Click n' Close lends in New Mexico

By loan purpose

Home purchase 428 90% · 4.0% denied
Refinance 23 5% · 4.4% denied
Cash-out refinance 22 5% · 4.6% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 188 40% · 3.2% denied
FHA 195 41% · 6.2% denied
VA 87 18% · 1.2% denied
USDA / RHS 4 1% · 0.0% denied

Why it denied New Mexico applicants

Debt-to-income ratio 7 37%
Other 5 26%
Insufficient cash 3 16%
Employment history 2 11%
Collateral 1 5%
Credit history 1 5%

Where in New Mexico

Counties with the most Click n' Close applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Otero County 1341230 0.0%
Bernalillo County 119932 1.7%
Doña Ana County 62308 12.9%
San Juan County 31182 6.5%
Grant County 28151 3.6%
Sandoval County 23181 4.3%
Valencia County 17100 0.0%
Eddy County 1580 0.0%
Luna County 1143 27.3%
Santa Fe County 1071 10.0%

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: 474 applications in 2025, of which 339 were originated and 19 denied.

4.0% of all applications, or 5.3% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Click n' Close originated in New Mexico in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Click n' Close'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