Neighborhood Loans in New Mexico vs the state
44.5%Denial rate+25.93 pts vs state
49.1%Decision denial rate+24.48 pts vs state
44.5%Origination rate-8.81 pts vs state
7.75%Median rate+1.13 pts vs state
1.14Rate spread (pts)+0.76 pts vs state
$74kMedian applicant income
57Loans originated
57Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 133 | 97 | 23.3% | 7.13% | #86 |
| 2024 | 203 | 153 | 19.7% | 7.00% | #67 |
| 2025 | 128 | 57 | 44.5% | 7.75% | #96 |
What Neighborhood Loans lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Neighborhood Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lea County | 58 | 30 | 25 | 43.1% |
| Bernalillo County | 33 | 20 | 8 | 24.2% |
| Eddy County | 14 | 4 | 7 | 50.0% |
| Sandoval County | 10 | 2 | 5 | 50.0% |
| Taos County | 3 | 0 | 3 | 100.0% |
| Curry County | 2 | 0 | 2 | 100.0% |
| San Juan County | 2 | 0 | 2 | 100.0% |
| Santa Fe County | 2 | 1 | 1 | 50.0% |
| Chaves County | 1 | 0 | 1 | 100.0% |
| Valencia County | 1 | 0 | 1 | 100.0% |
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: 128 applications in 2025, of which 57 were originated and 57 denied.
44.5% of all applications, or 49.1% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Neighborhood Loans originated in New Mexico in 2025 was 7.75%, against a statewide median of 6.63%.
About this data. Figures are Neighborhood 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