Mission Loans · New Mexico · 2025

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

Mission Loans took 139 mortgage applications in New Mexico in 2025, ranking #93 of 599 lenders active in the state. It originated 14.4% of them and denied 2.9% (13.8% of the applications it decided), against a statewide denial rate of 18.6%.

139Applicationsin NM
13.8%Decision denial ratestate 24.7%
8.31%Median ratestate 6.63%
$175,000Median loanstate $205,000
$3.6MVolume21 counties

Mission Loans in New Mexico vs the state

2.9%Denial rate-15.72 pts vs state
13.8%Decision denial rate-10.87 pts vs state
14.4%Origination rate-38.95 pts vs state
8.31%Median rate+1.69 pts vs state
2.26Rate spread (pts)+1.88 pts vs state
$90kMedian applicant income
20Loans originated
4Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023620.0%7.94%#287
20244766.4%7.56%#140
2025139202.9%8.31%#93

What Mission Loans lends in New Mexico

By loan purpose

Home purchase 2 1% · 50.0% denied
Refinance 18 13% · 0.0% denied
Cash-out refinance 71 51% · 4.2% denied
Other / HELOC 48 35% · 0.0% denied

By loan type

Conventional 99 71% · 2.0% denied
FHA 35 25% · 5.7% denied
VA 5 4% · 0.0% denied

Why it denied New Mexico applicants

Collateral 2 50%
Debt-to-income ratio 1 25%
Other 1 25%

Where in New Mexico

Counties with the most Mission Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bernalillo County 49102 4.1%
Sandoval County 2420 0.0%
San Juan County 1220 0.0%
Valencia County 820 0.0%
Santa Fe County 800 0.0%
Doña Ana County 700 0.0%
Chaves County 501 20.0%
McKinley County 400 0.0%
Eddy County 401 25.0%
Lea 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: 139 applications in 2025, of which 20 were originated and 4 denied.

2.9% of all applications, or 13.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Mission Loans originated in New Mexico in 2025 was 8.31%, against a statewide median of 6.63%.

About this data. Figures are Mission Loans'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