FirstLight Federal Credit Union in New Mexico vs the state
29.0%Denial rate+10.39 pts vs state
43.0%Decision denial rate+18.32 pts vs state
24.3%Origination rate-29.08 pts vs state
6.88%Median rate+0.25 pts vs state
0.45Rate spread (pts)+0.07 pts vs state
$69kMedian applicant income
82Loans originated
98Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 433 | 73 | 33.7% | 7.38% | #33 |
| 2024 | 189 | 84 | 21.2% | 7.00% | #70 |
| 2025 | 338 | 82 | 29.0% | 6.88% | #56 |
What FirstLight 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 FirstLight Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Doña Ana County | 235 | 76 | 65 | 27.7% |
| Otero County | 10 | 3 | 3 | 30.0% |
| Lincoln County | 3 | 1 | 0 | 0.0% |
| Bernalillo County | 2 | 1 | 0 | 0.0% |
| Lea County | 1 | 1 | 0 | 0.0% |
| Luna County | 1 | 0 | 0 | 0.0% |
| Catron County | 1 | 0 | 1 | 100.0% |
| San Miguel County | 1 | 0 | 1 | 100.0% |
| Curry County | 1 | 0 | 0 | 0.0% |
| Sandoval County | 1 | 0 | 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: 338 applications in 2025, of which 82 were originated and 98 denied.
29.0% of all applications, or 43.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans FirstLight Federal Credit Union originated in New Mexico in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are FirstLight 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