Del Norte Credit Union · New Mexico · 2025

Del Norte Credit Union in New Mexico: approval rate, denial rate and rates (2025)

Del Norte Credit Union took 462 mortgage applications in New Mexico in 2025, ranking #41 of 599 lenders active in the state. It originated 67.5% of them and denied 13.6% (16.7% of the applications it decided), against a statewide denial rate of 18.6%.

462Applicationsin NM
16.7%Decision denial ratestate 24.7%
5.88%Median ratestate 6.63%
$155,000Median loanstate $205,000
$69MVolume17 counties

Del Norte Credit Union in New Mexico vs the state

13.6%Denial rate-4.96 pts vs state
16.7%Decision denial rate-7.99 pts vs state
67.5%Origination rate+14.19 pts vs state
5.88%Median rate-0.75 pts vs state
-0.39Rate spread (pts)-0.77 pts vs state
$123kMedian applicant income
312Loans originated
63Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
202350832414.8%6.13%#29
202451632120.0%6.00%#31
202546231213.6%5.88%#41

What Del Norte Credit Union lends in New Mexico

By loan purpose

Home purchase 147 32% · 4.8% denied
Refinance 40 9% · 15.0% denied
Cash-out refinance 66 14% · 21.2% denied
Home improvement 114 25% · 11.4% denied
Other / HELOC 95 21% · 24.2% denied

By loan type

Conventional 462 100% · 13.6% denied

Why it denied New Mexico applicants

Debt-to-income ratio 34 54%
Credit history 17 27%
Other 6 10%
Employment history 2 3%
Collateral 2 3%
Insufficient cash 1 2%
Unverifiable information 1 2%

Where in New Mexico

Counties with the most Del Norte Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Santa Fe County 22315629 13.0%
Los Alamos County 76623 3.9%
Bernalillo County 46289 19.6%
Rio Arriba County 44279 20.5%
Sandoval County 30194 13.3%
San Miguel County 1382 15.4%
Taos County 641 16.7%
Doña Ana County 613 50.0%
Valencia County 310 0.0%
Torrance County 311 33.3%

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: 462 applications in 2025, of which 312 were originated and 63 denied.

13.6% of all applications, or 16.7% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Del Norte Credit Union originated in New Mexico in 2025 was 5.88%, against a statewide median of 6.63%.

About this data. Figures are Del Norte Credit Union'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