First American Bank in New Mexico vs the state
11.6%Denial rate-6.97 pts vs state
14.8%Decision denial rate-9.85 pts vs state
65.1%Origination rate+11.78 pts vs state
6.85%Median rate+0.22 pts vs state
0.17Rate spread (pts)-0.21 pts vs state
$110kMedian applicant income
112Loans originated
20Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 306 | 210 | 12.4% | 6.88% | #55 |
| 2024 | 226 | 150 | 11.5% | 6.88% | #65 |
| 2025 | 172 | 112 | 11.6% | 6.85% | #85 |
What First American 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 First American Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Doña Ana County | 59 | 38 | 7 | 11.9% |
| Eddy County | 57 | 38 | 5 | 8.8% |
| Lea County | 12 | 8 | 1 | 8.3% |
| Chaves County | 12 | 8 | 1 | 8.3% |
| Otero County | 9 | 3 | 4 | 44.4% |
| Lincoln County | 8 | 7 | 0 | 0.0% |
| Grant County | 5 | 2 | 2 | 40.0% |
| Bernalillo County | 2 | 1 | 0 | 0.0% |
| Santa Fe County | 2 | 2 | 0 | 0.0% |
| Luna County | 2 | 2 | 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: 172 applications in 2025, of which 112 were originated and 20 denied.
11.6% of all applications, or 14.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans First American Bank originated in New Mexico in 2025 was 6.85%, against a statewide median of 6.63%.
About this data. Figures are First American 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