RCN Capital in New Mexico vs the state
77.8%Denial rate+59.18 pts vs state
77.8%Decision denial rate+53.12 pts vs state
22.2%Origination rate-31.12 pts vs state
10.44%Median rate+3.81 pts vs state
—Rate spread (pts)
—Median applicant income
6Loans originated
21Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 29 | 11 | 17.2% | 10.74% | #158 |
| 2024 | 28 | 16 | 7.1% | 10.67% | #177 |
| 2025 | 27 | 6 | 77.8% | 10.44% | #183 |
What RCN Capital lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
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: 27 applications in 2025, of which 6 were originated and 21 denied.
77.8% of all applications, or 77.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans RCN Capital originated in New Mexico in 2025 was 10.44%, against a statewide median of 6.63%.
About this data. Figures are RCN Capital'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