Figure Lending in New Mexico vs the state
27.5%Denial rate+8.94 pts vs state
28.4%Decision denial rate+3.71 pts vs state
48.1%Origination rate-5.26 pts vs state
8.60%Median rate+1.97 pts vs state
2.33Rate spread (pts)+1.95 pts vs state
$100kMedian applicant income
213Loans originated
122Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 317 | 153 | 32.8% | 10.60% | #53 |
| 2024 | 328 | 157 | 25.3% | 10.75% | #50 |
| 2025 | 443 | 213 | 27.5% | 8.60% | #43 |
What Figure Lending lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 175 | 85 | 48 | 27.4% |
| Doña Ana County | 53 | 25 | 9 | 17.0% |
| San Juan County | 36 | 16 | 11 | 30.6% |
| Sandoval County | 35 | 19 | 13 | 37.1% |
| Santa Fe County | 33 | 10 | 13 | 39.4% |
| Otero County | 15 | 11 | 1 | 6.7% |
| Valencia County | 14 | 9 | 5 | 35.7% |
| Eddy County | 14 | 6 | 3 | 21.4% |
| Chaves County | 13 | 5 | 6 | 46.2% |
| Los Alamos County | 12 | 8 | 1 | 8.3% |
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: 443 applications in 2025, of which 213 were originated and 122 denied.
27.5% of all applications, or 28.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Figure Lending originated in New Mexico in 2025 was 8.60%, against a statewide median of 6.63%.
About this data. Figures are Figure Lending'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