Lendingone · New Mexico · 2025

Lendingone in New Mexico: approval rate, denial rate and rates (2025)

Lendingone took 120 mortgage applications in New Mexico in 2025, ranking #99 of 599 lenders active in the state. It originated 6.7% of them and denied 17.5% (72.4% of the applications it decided), against a statewide denial rate of 18.6%.

120Applicationsin NM
72.4%Decision denial ratestate 24.7%
10.25%Median ratestate 6.63%
$185,000Median loanstate $205,000
$2.1MVolume16 counties

Lendingone in New Mexico vs the state

17.5%Denial rate-1.10 pts vs state
72.4%Decision denial rate+47.75 pts vs state
6.7%Origination rate-46.67 pts vs state
10.25%Median rate+3.63 pts vs state
Rate spread (pts)
Median applicant income
8Loans originated
21Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023611762.3%9.01%#113
2024481464.6%7.64%#137
2025120817.5%10.25%#99

What Lendingone lends in New Mexico

By loan purpose

Home purchase 70 58% · 17.1% denied
Refinance 8 7% · 25.0% denied
Cash-out refinance 33 28% · 18.2% denied
Home improvement 9 8% · 11.1% denied

By loan type

Conventional 120 100% · 17.5% denied

Why it denied New Mexico applicants

Debt-to-income ratio 12 57%
Unverifiable information 6 29%
Collateral 3 14%

Where in New Mexico

Counties with the most Lendingone applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bernalillo County 52310 19.2%
Doña Ana County 1201 8.3%
Sandoval County 1104 36.4%
Santa Fe County 1122 18.2%
Otero County 721 14.3%
San Juan County 510 0.0%
Eddy County 400 0.0%
Cibola County 400 0.0%
Grant County 300 0.0%
Chaves County 200 0.0%

Other large lenders in New Mexico

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 4,44020.5%6.75%
21st MortgageF 3,99245.5%9.60%
United Shore Financial ServicesB 3,25112.8%6.13%
Guild MortgageA 3,1864.3%6.63%
NusendaD 2,96213.7%8.00%
Waterstone MortgageC 2,7403.2%6.88%
Vanderbilt Mortgage and FinanceF 2,08546.4%9.99%
Sunward Federal Credit UnionB 1,7659.1%6.50%
Mortgage Research CenterC 1,68315.9%6.25%
Primary Residential MortgageC 1,4974.9%6.63%

Frequently asked questions

New Mexico: 120 applications in 2025, of which 8 were originated and 21 denied.

17.5% of all applications, or 72.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Lendingone originated in New Mexico in 2025 was 10.25%, against a statewide median of 6.63%.

About this data. Figures are Lendingone'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