NBH Bank · New Mexico · 2025

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

NBH Bank took 30 mortgage applications in New Mexico in 2025, ranking #177 of 599 lenders active in the state. It originated 63.3% of them and denied 20.0% (24.0% of the applications it decided), against a statewide denial rate of 18.6%.

30Applicationsin NM
24.0%Decision denial ratestate 24.7%
7.11%Median ratestate 6.63%
$275,000Median loanstate $205,000
$7.0MVolume6 counties

NBH Bank in New Mexico vs the state

20.0%Denial rate+1.40 pts vs state
24.0%Decision denial rate-0.66 pts vs state
63.3%Origination rate+9.99 pts vs state
7.11%Median rate+0.49 pts vs state
0.76Rate spread (pts)+0.38 pts vs state
$128kMedian applicant income
19Loans originated
6Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023342017.7%7.89%#143
2024231517.4%8.13%#190
2025301920.0%7.11%#177

What NBH Bank lends in New Mexico

By loan purpose

Home purchase 18 60% · 5.6% denied
Refinance 1 3% · 0.0% denied
Cash-out refinance 4 13% · 25.0% denied
Home improvement 5 17% · 60.0% denied
Other / HELOC 2 7% · 50.0% denied

By loan type

Conventional 29 97% · 20.7% denied
FHA 1 3% · 0.0% denied

Why it denied New Mexico applicants

Credit history 3 50%
Debt-to-income ratio 2 33%
Collateral 1 17%

Where in New Mexico

Counties with the most NBH Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Taos County 23144 17.4%
Santa Fe County 330 0.0%
Sandoval County 101 100.0%
Colfax County 101 100.0%
Bernalillo County 110 0.0%
San Juan County 110 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: 30 applications in 2025, of which 19 were originated and 6 denied.

20.0% of all applications, or 24.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans NBH Bank originated in New Mexico in 2025 was 7.11%, against a statewide median of 6.63%.

About this data. Figures are NBH Bank'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