Manufacturers and Traders Trust in New Mexico vs the state
22.6%Denial rate+3.98 pts vs state
26.9%Decision denial rate+2.26 pts vs state
54.8%Origination rate+1.50 pts vs state
5.13%Median rate-1.50 pts vs state
0.32Rate spread (pts)-0.06 pts vs state
$78kMedian applicant income
17Loans originated
7Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 32 | 14 | 25.0% | 6.25% | #147 |
| 2024 | 23 | 12 | 8.7% | 6.00% | #193 |
| 2025 | 31 | 17 | 22.6% | 5.13% | #175 |
What Manufacturers and Traders Trust lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Manufacturers and Traders Trust applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 11 | 6 | 4 | 36.4% |
| Valencia County | 4 | 1 | 1 | 25.0% |
| Curry County | 4 | 2 | 1 | 25.0% |
| Otero County | 3 | 2 | 0 | 0.0% |
| Doña Ana County | 2 | 2 | 0 | 0.0% |
| San Juan County | 2 | 2 | 0 | 0.0% |
| Sandoval County | 2 | 1 | 1 | 50.0% |
| Luna County | 2 | 0 | 0 | 0.0% |
| Santa Fe 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: 31 applications in 2025, of which 17 were originated and 7 denied.
22.6% of all applications, or 26.9% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Manufacturers and Traders Trust originated in New Mexico in 2025 was 5.13%, against a statewide median of 6.63%.
About this data. Figures are Manufacturers and Traders Trust'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