Mycumortgage · New Mexico · 2025

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

Mycumortgage took 19 mortgage applications in New Mexico in 2025, ranking #207 of 599 lenders active in the state. It originated 10.5% of them and denied 21.1% (66.7% of the applications it decided), against a statewide denial rate of 18.6%.

19Applicationsin NM
66.7%Decision denial ratestate 24.7%
6.25%Median ratestate 6.63%
$205,000Median loanstate $205,000
$460kVolume7 counties

Mycumortgage in New Mexico vs the state

21.1%Denial rate+2.45 pts vs state
66.7%Decision denial rate+42.01 pts vs state
10.5%Origination rate-42.81 pts vs state
6.25%Median rate-0.38 pts vs state
0.39Rate spread (pts)+0.01 pts vs state
$60kMedian applicant income
2Loans originated
4Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236033.3%#289
202419731.6%6.63%#203
202519221.1%6.25%#207

What Mycumortgage lends in New Mexico

By loan purpose

Home purchase 4 21% · 25.0% denied
Refinance 2 11% · 0.0% denied
Cash-out refinance 13 68% · 23.1% denied

By loan type

Conventional 14 74% · 21.4% denied
FHA 4 21% · 25.0% denied
VA 1 5% · 0.0% denied

Why it denied New Mexico applicants

Credit history 3 75%
Debt-to-income ratio 1 25%

Where in New Mexico

Counties with the most Mycumortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Santa Fe County 1112 18.2%
San Miguel County 201 50.0%
Colfax County 201 50.0%
Taos County 100 0.0%
Lea County 100 0.0%
Rio Arriba County 110 0.0%
Sandoval County 100 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: 19 applications in 2025, of which 2 were originated and 4 denied.

21.1% of all applications, or 66.7% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Mycumortgage originated in New Mexico in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Mycumortgage'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