Farmers Insurance Group Federal Credit Union in New Mexico vs the state
31.6%Denial rate+12.98 pts vs state
31.6%Decision denial rate+6.92 pts vs state
68.4%Origination rate+15.08 pts vs state
7.99%Median rate+1.37 pts vs state
2.20Rate spread (pts)+1.82 pts vs state
$198kMedian applicant income
13Loans originated
6Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 23 | 13 | 26.1% | 8.25% | #179 |
| 2024 | 12 | 7 | 33.3% | 8.50% | #230 |
| 2025 | 19 | 13 | 31.6% | 7.99% | #206 |
What Farmers Insurance Group Federal Credit Union lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Farmers Insurance Group Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 6 | 4 | 2 | 33.3% |
| Sandoval County | 3 | 3 | 0 | 0.0% |
| Curry County | 3 | 2 | 1 | 33.3% |
| Rio Arriba County | 2 | 2 | 0 | 0.0% |
| Santa Fe County | 1 | 1 | 0 | 0.0% |
| Quay County | 1 | 0 | 1 | 100.0% |
| Valencia County | 1 | 0 | 1 | 100.0% |
| Eddy County | 1 | 0 | 1 | 100.0% |
| Doña Ana County | 1 | 1 | 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: 19 applications in 2025, of which 13 were originated and 6 denied.
31.6% of all applications, or 31.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Farmers Insurance Group Federal Credit Union originated in New Mexico in 2025 was 7.99%, against a statewide median of 6.63%.
About this data. Figures are Farmers Insurance Group Federal 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