Directors Mortgage in New Mexico vs the state
6.5%Denial rate-12.08 pts vs state
7.2%Decision denial rate-17.46 pts vs state
70.0%Origination rate+16.68 pts vs state
6.88%Median rate+0.25 pts vs state
0.57Rate spread (pts)+0.19 pts vs state
$79kMedian applicant income
376Loans originated
35Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 417 | 294 | 6.0% | 6.75% | #35 |
| 2024 | 461 | 332 | 4.3% | 6.63% | #38 |
| 2025 | 537 | 376 | 6.5% | 6.88% | #33 |
What Directors Mortgage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Directors Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 280 | 198 | 19 | 6.8% |
| Valencia County | 53 | 29 | 4 | 7.5% |
| Sandoval County | 47 | 35 | 5 | 10.6% |
| Lea County | 36 | 32 | 0 | 0.0% |
| San Miguel County | 27 | 16 | 2 | 7.4% |
| Torrance County | 20 | 12 | 5 | 25.0% |
| Santa Fe County | 20 | 13 | 0 | 0.0% |
| Eddy County | 14 | 10 | 0 | 0.0% |
| Socorro County | 10 | 6 | 0 | 0.0% |
| Curry County | 6 | 5 | 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: 537 applications in 2025, of which 376 were originated and 35 denied.
6.5% of all applications, or 7.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Directors Mortgage originated in New Mexico in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Directors Mortgage'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