Pennymac Loan Services in New Mexico vs the state
12.3%Denial rate-6.34 pts vs state
21.0%Decision denial rate-3.68 pts vs state
44.6%Origination rate-8.75 pts vs state
6.38%Median rate-0.25 pts vs state
0.28Rate spread (pts)-0.11 pts vs state
$100kMedian applicant income
593Loans originated
163Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 579 | 251 | 15.0% | 6.25% | #27 |
| 2024 | 905 | 388 | 15.4% | 6.25% | #19 |
| 2025 | 1,330 | 593 | 12.3% | 6.38% | #13 |
What Pennymac Loan Services lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 447 | 219 | 37 | 8.3% |
| Sandoval County | 160 | 74 | 21 | 13.1% |
| Doña Ana County | 138 | 50 | 19 | 13.8% |
| Santa Fe County | 71 | 35 | 12 | 16.9% |
| Eddy County | 68 | 30 | 9 | 13.2% |
| Lea County | 62 | 22 | 7 | 11.3% |
| Valencia County | 61 | 22 | 14 | 23.0% |
| Otero County | 54 | 24 | 6 | 11.1% |
| San Juan County | 48 | 22 | 1 | 2.1% |
| Curry County | 45 | 21 | 5 | 11.1% |
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: 1,330 applications in 2025, of which 593 were originated and 163 denied.
12.3% of all applications, or 21.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Pennymac Loan Services originated in New Mexico in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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