Primary Residential Mortgage in New Mexico vs the state
4.9%Denial rate-13.66 pts vs state
6.5%Decision denial rate-18.20 pts vs state
71.5%Origination rate+18.20 pts vs state
6.63%Median rate0.00 pts vs state
0.36Rate spread (pts)-0.03 pts vs state
$98kMedian applicant income
1,071Loans originated
74Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,578 | 1,103 | 5.5% | 6.75% | #9 |
| 2024 | 1,837 | 1,365 | 3.8% | 6.75% | #8 |
| 2025 | 1,497 | 1,071 | 4.9% | 6.63% | #10 |
What Primary Residential 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 Primary Residential Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 698 | 512 | 30 | 4.3% |
| Sandoval County | 248 | 163 | 17 | 6.9% |
| Valencia County | 167 | 123 | 5 | 3.0% |
| Curry County | 102 | 77 | 8 | 7.8% |
| Roosevelt County | 75 | 53 | 4 | 5.3% |
| Santa Fe County | 41 | 23 | 3 | 7.3% |
| Eddy County | 31 | 30 | 0 | 0.0% |
| Lea County | 25 | 12 | 6 | 24.0% |
| Torrance County | 24 | 18 | 0 | 0.0% |
| Doña Ana County | 13 | 8 | 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% |
| Loandepot.Com | D | 1,441 | 24.6% | 6.75% |
Frequently asked questions
New Mexico: 1,497 applications in 2025, of which 1,071 were originated and 74 denied.
4.9% of all applications, or 6.5% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Primary Residential Mortgage originated in New Mexico in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Primary Residential 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