Nova Financial & Investment in New Mexico vs the state
25.5%Denial rate+6.93 pts vs state
28.6%Decision denial rate+3.91 pts vs state
63.3%Origination rate+9.96 pts vs state
6.49%Median rate-0.13 pts vs state
0.27Rate spread (pts)-0.11 pts vs state
$7kMedian applicant income
119Loans originated
48Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 12 | 7 | 0.0% | 6.75% | #227 |
| 2024 | 54 | 31 | 7.4% | 6.63% | #127 |
| 2025 | 188 | 119 | 25.5% | 6.49% | #80 |
What Nova Financial & Investment lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Nova Financial & Investment applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Doña Ana County | 91 | 60 | 23 | 25.3% |
| Sierra County | 50 | 33 | 12 | 24.0% |
| Luna County | 13 | 6 | 5 | 38.5% |
| Bernalillo County | 6 | 5 | 0 | 0.0% |
| Otero County | 4 | 2 | 2 | 50.0% |
| Lincoln County | 3 | 1 | 0 | 0.0% |
| Chaves County | 3 | 1 | 1 | 33.3% |
| Sandoval County | 2 | 1 | 0 | 0.0% |
| Cibola County | 2 | 1 | 0 | 0.0% |
| Hidalgo County | 1 | 1 | 0 | 0.0% |
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: 188 applications in 2025, of which 119 were originated and 48 denied.
25.5% of all applications, or 28.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Nova Financial & Investment originated in New Mexico in 2025 was 6.49%, against a statewide median of 6.63%.
About this data. Figures are Nova Financial & Investment'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