First Savings Bank · New Mexico · 2025

First Savings Bank in New Mexico: approval rate, denial rate and rates (2025)

First Savings Bank took 39 mortgage applications in New Mexico in 2025, ranking #165 of 599 lenders active in the state. It originated 61.5% of them and denied 28.2% (30.6% of the applications it decided), against a statewide denial rate of 18.6%.

39Applicationsin NM
30.6%Decision denial ratestate 24.7%
Median ratestate 6.63%
$125,000Median loanstate $205,000
$4.3MVolume7 counties

First Savings Bank in New Mexico vs the state

28.2%Denial rate+9.61 pts vs state
30.6%Decision denial rate+5.90 pts vs state
61.5%Origination rate+8.20 pts vs state
Median rate
Rate spread (pts)
$72kMedian applicant income
24Loans originated
11Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023432616.3%#130
2024492726.5%#133
2025392428.2%#165

What First Savings Bank lends in New Mexico

By loan purpose

Home purchase 26 67% · 30.8% denied
Refinance 4 10% · 50.0% denied
Home improvement 3 8% · 0.0% denied
Other / HELOC 6 15% · 16.7% denied

By loan type

Conventional 39 100% · 28.2% denied

Why it denied New Mexico applicants

Credit history 7 64%
Debt-to-income ratio 4 36%

Where in New Mexico

Counties with the most First Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Otero County 12101 8.3%
Sierra County 1173 27.3%
Lincoln County 733 42.9%
Luna County 532 40.0%
Grant County 201 50.0%
Sandoval County 101 100.0%
Doña Ana 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: 39 applications in 2025, of which 24 were originated and 11 denied.

28.2% of all applications, or 30.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First Savings 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