Lower in New Mexico vs the state
18.8%Denial rate+0.15 pts vs state
25.0%Decision denial rate+0.34 pts vs state
56.3%Origination rate+2.91 pts vs state
6.88%Median rate+0.25 pts vs state
0.33Rate spread (pts)-0.05 pts vs state
$100kMedian applicant income
27Loans originated
9Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 30 | 21 | 3.3% | 6.88% | #155 |
| 2024 | 68 | 29 | 20.6% | 6.75% | #115 |
| 2025 | 48 | 27 | 18.8% | 6.88% | #156 |
What Lower lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 12 | 6 | 2 | 16.7% |
| Doña Ana County | 11 | 8 | 2 | 18.2% |
| Sandoval County | 6 | 1 | 3 | 50.0% |
| Otero County | 3 | 2 | 0 | 0.0% |
| Valencia County | 3 | 0 | 1 | 33.3% |
| Rio Arriba County | 2 | 1 | 0 | 0.0% |
| San Juan County | 2 | 2 | 0 | 0.0% |
| Eddy County | 2 | 2 | 0 | 0.0% |
| Curry County | 2 | 1 | 1 | 50.0% |
| Chaves County | 1 | 0 | 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: 48 applications in 2025, of which 27 were originated and 9 denied.
18.8% of all applications, or 25.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Lower originated in New Mexico in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Lower'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