Mortgage Research Center in New Mexico vs the state
15.9%Denial rate-2.74 pts vs state
24.3%Decision denial rate-0.34 pts vs state
48.8%Origination rate-4.50 pts vs state
6.25%Median rate-0.38 pts vs state
-0.26Rate spread (pts)-0.64 pts vs state
$96kMedian applicant income
822Loans originated
267Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,295 | 631 | 15.2% | 6.75% | #11 |
| 2024 | 1,386 | 695 | 14.6% | 6.25% | #11 |
| 2025 | 1,683 | 822 | 15.9% | 6.25% | #9 |
What Mortgage Research Center lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 364 | 169 | 66 | 18.1% |
| Sandoval County | 193 | 81 | 34 | 17.6% |
| Otero County | 193 | 104 | 28 | 14.5% |
| Doña Ana County | 170 | 75 | 28 | 16.5% |
| Curry County | 147 | 78 | 13 | 8.8% |
| Valencia County | 96 | 51 | 18 | 18.8% |
| San Juan County | 67 | 28 | 16 | 23.9% |
| Santa Fe County | 64 | 31 | 9 | 14.1% |
| Eddy County | 57 | 33 | 8 | 14.0% |
| Chaves County | 43 | 22 | 6 | 14.0% |
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% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
| Loandepot.Com | D | 1,441 | 24.6% | 6.75% |
Frequently asked questions
New Mexico: 1,683 applications in 2025, of which 822 were originated and 267 denied.
15.9% of all applications, or 24.3% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Mortgage Research Center originated in New Mexico in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are Mortgage Research Center'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