First Colony Mortgage · New Mexico · 2025

First Colony Mortgage in New Mexico: approval rate, denial rate and rates (2025)

First Colony Mortgage took 7 mortgage applications in New Mexico in 2025, ranking #287 of 599 lenders active in the state. It originated 42.9% of them and denied 14.3% (25.0% of the applications it decided), against a statewide denial rate of 18.6%.

7Applicationsin NM
25.0%Decision denial ratestate 24.7%
6.63%Median ratestate 6.63%
$285,000Median loanstate $205,000
$905kVolume5 counties

First Colony Mortgage in New Mexico vs the state

14.3%Denial rate-4.31 pts vs state
25.0%Decision denial rate+0.34 pts vs state
42.9%Origination rate-10.48 pts vs state
6.63%Median rate0.00 pts vs state
-0.07Rate spread (pts)-0.45 pts vs state
$76kMedian applicant income
3Loans originated
1Denied

What First Colony Mortgage lends in New Mexico

By loan purpose

Home purchase 5 71% · 0.0% denied
Cash-out refinance 2 29% · 50.0% denied

By loan type

Conventional 5 71% · 20.0% denied
VA 2 29% · 0.0% denied

Why it denied New Mexico applicants

Incomplete application 1 100%

Where in New Mexico

Counties with the most First Colony Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bernalillo County 210 0.0%
Roosevelt County 200 0.0%
Otero County 110 0.0%
Taos County 101 100.0%
Sandoval County 110 0.0%

Other large lenders in New Mexico

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 4,44020.5%6.75%
21st MortgageF 3,99245.5%9.60%
United Shore Financial ServicesB 3,25112.8%6.13%
Guild MortgageA 3,1864.3%6.63%
NusendaD 2,96213.7%8.00%
Waterstone MortgageC 2,7403.2%6.88%
Vanderbilt Mortgage and FinanceF 2,08546.4%9.99%
Sunward Federal Credit UnionB 1,7659.1%6.50%
Mortgage Research CenterC 1,68315.9%6.25%
Primary Residential MortgageC 1,4974.9%6.63%

Frequently asked questions

New Mexico: 7 applications in 2025, of which 3 were originated and 1 denied.

14.3% of all applications, or 25.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans First Colony Mortgage originated in New Mexico in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are First Colony 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