Discover Bank in New Mexico vs the state
54.2%Denial rate+35.61 pts vs state
78.1%Decision denial rate+53.48 pts vs state
14.6%Origination rate-38.73 pts vs state
8.74%Median rate+2.11 pts vs state
2.10Rate spread (pts)+1.71 pts vs state
$99kMedian applicant income
52Loans originated
193Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,167 | 174 | 46.5% | 9.49% | #13 |
| 2024 | 1,247 | 216 | 53.8% | 8.86% | #12 |
| 2025 | 356 | 52 | 54.2% | 8.74% | #52 |
What Discover 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 Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 136 | 22 | 69 | 50.7% |
| Doña Ana County | 50 | 11 | 23 | 46.0% |
| Sandoval County | 45 | 7 | 25 | 55.6% |
| Santa Fe County | 28 | 3 | 18 | 64.3% |
| San Juan County | 17 | 3 | 9 | 52.9% |
| Otero County | 11 | 1 | 7 | 63.6% |
| Valencia County | 9 | 1 | 6 | 66.7% |
| Eddy County | 8 | 0 | 4 | 50.0% |
| Los Alamos County | 8 | 1 | 5 | 62.5% |
| Chaves County | 7 | 1 | 4 | 57.1% |
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: 356 applications in 2025, of which 52 were originated and 193 denied.
54.2% of all applications, or 78.1% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Discover Bank originated in New Mexico in 2025 was 8.74%, against a statewide median of 6.63%.
About this data. Figures are Discover 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