Guaranteed Rate in New Mexico vs the state
6.8%Denial rate-11.79 pts vs state
15.7%Decision denial rate-8.97 pts vs state
35.4%Origination rate-17.91 pts vs state
6.60%Median rate-0.03 pts vs state
0.32Rate spread (pts)-0.06 pts vs state
$98kMedian applicant income
208Loans originated
40Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 701 | 346 | 7.1% | 6.63% | #20 |
| 2024 | 496 | 241 | 11.3% | 6.93% | #33 |
| 2025 | 587 | 208 | 6.8% | 6.60% | #29 |
What Guaranteed Rate lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 193 | 62 | 15 | 7.8% |
| Santa Fe County | 110 | 36 | 3 | 2.7% |
| Sandoval County | 68 | 35 | 3 | 4.4% |
| Doña Ana County | 33 | 18 | 1 | 3.0% |
| Curry County | 28 | 3 | 1 | 3.6% |
| Taos County | 28 | 14 | 0 | 0.0% |
| Valencia County | 24 | 8 | 4 | 16.7% |
| San Miguel County | 15 | 2 | 5 | 33.3% |
| Chaves County | 14 | 9 | 1 | 7.1% |
| Otero County | 9 | 3 | 1 | 11.1% |
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: 587 applications in 2025, of which 208 were originated and 40 denied.
6.8% of all applications, or 15.7% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Guaranteed Rate originated in New Mexico in 2025 was 6.60%, against a statewide median of 6.63%.
About this data. Figures are Guaranteed Rate'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