Sandia Area in New Mexico vs the state
24.9%Denial rate+6.26 pts vs state
29.6%Decision denial rate+4.92 pts vs state
58.4%Origination rate+5.04 pts vs state
—Median rate
—Rate spread (pts)
$107kMedian applicant income
425Loans originated
181Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 653 | 367 | 25.9% | — | #22 |
| 2024 | 712 | 419 | 23.7% | — | #25 |
| 2025 | 728 | 425 | 24.9% | — | #25 |
What Sandia Area lends in New Mexico
By loan purpose
By loan type
Where in New Mexico
Counties with the most Sandia Area applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 440 | 266 | 90 | 20.5% |
| Sandoval County | 161 | 101 | 40 | 24.8% |
| Santa Fe County | 65 | 37 | 22 | 33.8% |
| Valencia County | 20 | 10 | 5 | 25.0% |
| Doña Ana County | 10 | 3 | 4 | 40.0% |
| Torrance County | 5 | 2 | 2 | 40.0% |
| Los Alamos County | 3 | 1 | 0 | 0.0% |
| Cibola County | 3 | 2 | 0 | 0.0% |
| McKinley County | 3 | 0 | 3 | 100.0% |
| Lea County | 3 | 0 | 3 | 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: 728 applications in 2025, of which 425 were originated and 181 denied.
24.9% of all applications, or 29.6% 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 Sandia Area'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