Navy Federal Credit Union in New Mexico vs the state
17.3%Denial rate-1.27 pts vs state
27.0%Decision denial rate+2.31 pts vs state
46.1%Origination rate-7.26 pts vs state
6.63%Median rate0.00 pts vs state
-0.03Rate spread (pts)-0.41 pts vs state
$114kMedian applicant income
500Loans originated
188Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 948 | 449 | 21.8% | 6.25% | #14 |
| 2024 | 1,084 | 541 | 20.0% | 6.63% | #13 |
| 2025 | 1,085 | 500 | 17.3% | 6.63% | #16 |
What Navy Federal Credit Union lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 399 | 185 | 59 | 14.8% |
| Sandoval County | 140 | 65 | 29 | 20.7% |
| Doña Ana County | 130 | 53 | 24 | 18.5% |
| Santa Fe County | 62 | 28 | 12 | 19.4% |
| Otero County | 60 | 28 | 10 | 16.7% |
| Valencia County | 49 | 26 | 10 | 20.4% |
| Curry County | 38 | 20 | 6 | 15.8% |
| San Juan County | 30 | 17 | 4 | 13.3% |
| Los Alamos County | 25 | 10 | 3 | 12.0% |
| Eddy County | 21 | 13 | 4 | 19.0% |
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: 1,085 applications in 2025, of which 500 were originated and 188 denied.
17.3% of all applications, or 27.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Navy Federal Credit Union originated in New Mexico in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Navy Federal Credit Union'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