Rio Grande in New Mexico vs the state
21.3%Denial rate+2.66 pts vs state
25.4%Decision denial rate+0.69 pts vs state
60.6%Origination rate+7.29 pts vs state
—Median rate
1.04Rate spread (pts)+0.66 pts vs state
$85kMedian applicant income
154Loans originated
54Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 171 | 137 | 8.2% | — | #79 |
| 2024 | 202 | 136 | 25.3% | — | #68 |
| 2025 | 254 | 154 | 21.3% | — | #67 |
What Rio Grande lends in New Mexico
By loan purpose
By loan type
Where in New Mexico
Counties with the most Rio Grande applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 208 | 126 | 43 | 20.7% |
| Sandoval County | 27 | 16 | 6 | 22.2% |
| Valencia County | 11 | 7 | 2 | 18.2% |
| Torrance County | 3 | 2 | 1 | 33.3% |
| Santa Fe County | 2 | 2 | 0 | 0.0% |
| Sierra County | 1 | 1 | 0 | 0.0% |
| Curry County | 1 | 0 | 1 | 100.0% |
| San Juan 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: 254 applications in 2025, of which 154 were originated and 54 denied.
21.3% of all applications, or 25.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Rio Grande'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