PHH Mortgage in New Mexico vs the state
7.7%Denial rate-10.91 pts vs state
16.4%Decision denial rate-8.24 pts vs state
38.5%Origination rate-14.88 pts vs state
6.13%Median rate-0.50 pts vs state
0.19Rate spread (pts)-0.20 pts vs state
$64kMedian applicant income
55Loans originated
11Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 59 | 24 | 28.8% | 6.63% | #116 |
| 2024 | 72 | 21 | 11.1% | 6.63% | #111 |
| 2025 | 143 | 55 | 7.7% | 6.13% | #90 |
What PHH Mortgage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most PHH Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 51 | 19 | 1 | 2.0% |
| Santa Fe County | 18 | 8 | 1 | 5.6% |
| Sandoval County | 12 | 4 | 1 | 8.3% |
| Doña Ana County | 9 | 3 | 0 | 0.0% |
| Los Alamos County | 7 | 5 | 0 | 0.0% |
| San Juan County | 7 | 4 | 0 | 0.0% |
| Taos County | 7 | 4 | 1 | 14.3% |
| Otero County | 4 | 2 | 0 | 0.0% |
| Valencia County | 4 | 3 | 1 | 25.0% |
| Chaves County | 4 | 2 | 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: 143 applications in 2025, of which 55 were originated and 11 denied.
7.7% of all applications, or 16.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans PHH Mortgage originated in New Mexico in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are PHH Mortgage'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