Rio Grande at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
12th25.4% deniedProcesswithdrawn + incomplete share, weight 15%
31st16.1%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 171 | 137 | 8.2% | 9.2% | — | $22M |
| 2024 | 202 | 136 | 25.3% | 27.1% | — | $19M |
| 2025 | 254 | 154 | 21.3% | 25.4% | — | $27M |
What Rio Grande lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 13 manufactured homes, 14 investment properties.
Who gets approved at Rio Grande
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 54 | 24 | 45.7% |
| $50k – $100k | 105 | 66 | 25.0% |
| $100k – $150k | 58 | 39 | 14.6% |
| $150k – $250k | 24 | 19 | 4.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 26 | 13 | 13.3% |
| 35–44 | 56 | 33 | 28.0% |
| 45–54 | 77 | 41 | 29.5% |
| 55–64 | 50 | 30 | 31.8% |
| 65–74 | 36 | 30 | 11.8% |
Where Rio Grande lends
1 states and 8 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| New Mexico | 254 | 154 | 21.3% | — | #67 |
Frequently asked questions
Rio Grande denied 25.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 12th percentile of small mortgage lenders.
In 2025, 17% of its applications were for home purchases, 39% for refinancing (including cash-out), and 44% for home improvement or other purposes. By loan type: 99% conventional, 0% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.