Member First Mortgage in New Mexico vs the state
23.1%Denial rate+4.48 pts vs state
31.6%Decision denial rate+6.92 pts vs state
42.3%Origination rate-11.03 pts vs state
6.13%Median rate-0.50 pts vs state
0.08Rate spread (pts)-0.30 pts vs state
$107kMedian applicant income
11Loans originated
6Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 5 | 13.3% | 6.50% | #205 |
| 2024 | 37 | 11 | 0.0% | 6.13% | #158 |
| 2025 | 26 | 11 | 23.1% | 6.13% | #186 |
What Member First 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 Member First Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 14 | 5 | 3 | 21.4% |
| Doña Ana County | 4 | 2 | 1 | 25.0% |
| Sandoval County | 4 | 1 | 2 | 50.0% |
| Lea County | 1 | 1 | 0 | 0.0% |
| Valencia County | 1 | 0 | 0 | 0.0% |
| Torrance County | 1 | 1 | 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: 26 applications in 2025, of which 11 were originated and 6 denied.
23.1% of all applications, or 31.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Member First Mortgage originated in New Mexico in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Member First 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