Homexpress Mortgage in New Mexico vs the state
53.2%Denial rate+34.56 pts vs state
53.9%Decision denial rate+29.19 pts vs state
45.6%Origination rate-7.77 pts vs state
7.50%Median rate+0.88 pts vs state
1.16Rate spread (pts)+0.78 pts vs state
$259kMedian applicant income
36Loans originated
42Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22 | 14 | 36.4% | 8.19% | #180 |
| 2024 | 33 | 25 | 24.2% | 8.25% | #166 |
| 2025 | 79 | 36 | 53.2% | 7.50% | #117 |
What Homexpress 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 Homexpress Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 45 | 17 | 28 | 62.2% |
| Lincoln County | 10 | 8 | 1 | 10.0% |
| Santa Fe County | 4 | 2 | 2 | 50.0% |
| Sandoval County | 3 | 2 | 1 | 33.3% |
| Otero County | 2 | 1 | 1 | 50.0% |
| Grant County | 2 | 1 | 1 | 50.0% |
| Colfax County | 2 | 1 | 1 | 50.0% |
| Doña Ana County | 2 | 2 | 0 | 0.0% |
| Lea County | 2 | 0 | 2 | 100.0% |
| Valencia County | 1 | 0 | 1 | 100.0% |
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: 79 applications in 2025, of which 36 were originated and 42 denied.
53.2% of all applications, or 53.9% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Homexpress Mortgage originated in New Mexico in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Homexpress 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