Hometown Equity Mortgage in New Mexico vs the state
59.3%Denial rate+40.66 pts vs state
64.0%Decision denial rate+39.34 pts vs state
29.6%Origination rate-23.71 pts vs state
7.44%Median rate+0.81 pts vs state
1.12Rate spread (pts)+0.74 pts vs state
$174kMedian applicant income
8Loans originated
16Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 8 | 6 | 25.0% | 8.25% | #257 |
| 2024 | 23 | 14 | 34.8% | 8.00% | #192 |
| 2025 | 27 | 8 | 59.3% | 7.44% | #185 |
What Hometown Equity Mortgage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Hometown Equity Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Santa Fe County | 10 | 3 | 4 | 40.0% |
| Bernalillo County | 7 | 2 | 5 | 71.4% |
| Lea County | 3 | 0 | 3 | 100.0% |
| Doña Ana County | 2 | 1 | 1 | 50.0% |
| Lincoln County | 2 | 1 | 1 | 50.0% |
| San Miguel County | 1 | 0 | 1 | 100.0% |
| Colfax County | 1 | 0 | 1 | 100.0% |
| Rio Arriba County | 1 | 1 | 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: 27 applications in 2025, of which 8 were originated and 16 denied.
59.3% of all applications, or 64.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Hometown Equity Mortgage originated in New Mexico in 2025 was 7.44%, against a statewide median of 6.63%.
About this data. Figures are Hometown Equity 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