Gateway First Bank in New Mexico vs the state
6.3%Denial rate-12.35 pts vs state
8.4%Decision denial rate-16.22 pts vs state
67.5%Origination rate+14.16 pts vs state
6.63%Median rate0.00 pts vs state
0.31Rate spread (pts)-0.07 pts vs state
$77kMedian applicant income
216Loans originated
20Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 417 | 258 | 5.8% | 6.88% | #36 |
| 2024 | 362 | 239 | 5.0% | 6.75% | #48 |
| 2025 | 320 | 216 | 6.3% | 6.63% | #59 |
What Gateway First 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 Gateway First Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Otero County | 197 | 159 | 4 | 2.0% |
| Doña Ana County | 58 | 26 | 9 | 15.5% |
| Santa Fe County | 11 | 7 | 1 | 9.1% |
| Luna County | 9 | 3 | 0 | 0.0% |
| Sierra County | 7 | 2 | 1 | 14.3% |
| Lincoln County | 7 | 0 | 3 | 42.9% |
| Los Alamos County | 5 | 3 | 0 | 0.0% |
| Bernalillo County | 5 | 2 | 1 | 20.0% |
| Sandoval County | 5 | 2 | 1 | 20.0% |
| Eddy County | 5 | 4 | 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: 320 applications in 2025, of which 216 were originated and 20 denied.
6.3% of all applications, or 8.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Gateway First Bank originated in New Mexico in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Gateway First 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