Planet Home Lending in New Mexico vs the state
19.6%Denial rate+0.97 pts vs state
19.8%Decision denial rate-4.88 pts vs state
77.2%Origination rate+23.83 pts vs state
5.99%Median rate-0.63 pts vs state
0.04Rate spread (pts)-0.34 pts vs state
$92kMedian applicant income
71Loans originated
18Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 29 | 21 | 20.7% | 6.13% | #159 |
| 2024 | 61 | 39 | 29.5% | 6.13% | #121 |
| 2025 | 92 | 71 | 19.6% | 5.99% | #105 |
What Planet Home Lending lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 27 | 22 | 4 | 14.8% |
| Doña Ana County | 21 | 17 | 2 | 9.5% |
| Sandoval County | 7 | 6 | 1 | 14.3% |
| Santa Fe County | 6 | 6 | 0 | 0.0% |
| San Juan County | 6 | 2 | 4 | 66.7% |
| Otero County | 5 | 3 | 2 | 40.0% |
| Curry County | 4 | 3 | 1 | 25.0% |
| Valencia County | 3 | 3 | 0 | 0.0% |
| Grant County | 2 | 1 | 1 | 50.0% |
| Eddy 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: 92 applications in 2025, of which 71 were originated and 18 denied.
19.6% of all applications, or 19.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Planet Home Lending originated in New Mexico in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Planet Home Lending'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