Newrez in New Mexico vs the state
20.1%Denial rate+1.51 pts vs state
38.5%Decision denial rate+13.86 pts vs state
31.2%Origination rate-22.11 pts vs state
6.75%Median rate+0.13 pts vs state
0.54Rate spread (pts)+0.16 pts vs state
$93kMedian applicant income
292Loans originated
188Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 437 | 96 | 24.3% | 6.63% | #32 |
| 2024 | 671 | 202 | 20.9% | 6.75% | #26 |
| 2025 | 935 | 292 | 20.1% | 6.75% | #19 |
What Newrez lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 315 | 93 | 65 | 20.6% |
| Sandoval County | 103 | 31 | 18 | 17.5% |
| Doña Ana County | 95 | 36 | 15 | 15.8% |
| Santa Fe County | 76 | 18 | 18 | 23.7% |
| Eddy County | 43 | 12 | 11 | 25.6% |
| Valencia County | 39 | 10 | 11 | 28.2% |
| San Juan County | 35 | 14 | 3 | 8.6% |
| Taos County | 35 | 15 | 7 | 20.0% |
| Lea County | 31 | 11 | 7 | 22.6% |
| Otero County | 29 | 10 | 5 | 17.2% |
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: 935 applications in 2025, of which 292 were originated and 188 denied.
20.1% of all applications, or 38.5% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Newrez originated in New Mexico in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Newrez'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