Lendage in New Mexico vs the state
13.4%Denial rate-5.20 pts vs state
14.6%Decision denial rate-10.05 pts vs state
72.2%Origination rate+18.82 pts vs state
11.50%Median rate+4.88 pts vs state
5.35Rate spread (pts)+4.97 pts vs state
$110kMedian applicant income
70Loans originated
13Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 12 | 6.7% | 12.75% | #206 |
| 2024 | 70 | 45 | 15.7% | 12.88% | #112 |
| 2025 | 97 | 70 | 13.4% | 11.50% | #104 |
What Lendage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Lendage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 57 | 45 | 5 | 8.8% |
| Sandoval County | 16 | 11 | 2 | 12.5% |
| Doña Ana County | 13 | 6 | 4 | 30.8% |
| Santa Fe County | 8 | 5 | 2 | 25.0% |
| Valencia County | 3 | 3 | 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: 97 applications in 2025, of which 70 were originated and 13 denied.
13.4% of all applications, or 14.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Lendage originated in New Mexico in 2025 was 11.50%, against a statewide median of 6.63%.
About this data. Figures are Lendage'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