PNC Bank in New Mexico vs the state
29.8%Denial rate+11.19 pts vs state
40.4%Decision denial rate+15.74 pts vs state
42.2%Origination rate-11.16 pts vs state
6.75%Median rate+0.13 pts vs state
-0.03Rate spread (pts)-0.41 pts vs state
$112kMedian applicant income
143Loans originated
101Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 401 | 192 | 26.2% | 9.38% | #37 |
| 2024 | 322 | 128 | 35.7% | 7.50% | #51 |
| 2025 | 339 | 143 | 29.8% | 6.75% | #54 |
What PNC Bank lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most PNC Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 116 | 49 | 31 | 26.7% |
| Sandoval County | 48 | 24 | 13 | 27.1% |
| Doña Ana County | 39 | 16 | 14 | 35.9% |
| Santa Fe County | 37 | 16 | 11 | 29.7% |
| San Juan County | 13 | 7 | 4 | 30.8% |
| Lincoln County | 12 | 5 | 5 | 41.7% |
| Chaves County | 12 | 3 | 3 | 25.0% |
| Otero County | 11 | 3 | 6 | 54.5% |
| Valencia County | 8 | 1 | 3 | 37.5% |
| Eddy County | 8 | 4 | 1 | 12.5% |
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: 339 applications in 2025, of which 143 were originated and 101 denied.
29.8% of all applications, or 40.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans PNC Bank originated in New Mexico in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are PNC Bank'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