Service Federal Credit Union in New Mexico vs the state
35.7%Denial rate+17.11 pts vs state
45.5%Decision denial rate+20.79 pts vs state
35.7%Origination rate-17.63 pts vs state
6.00%Median rate-0.63 pts vs state
-0.59Rate spread (pts)-0.97 pts vs state
$161kMedian applicant income
5Loans originated
5Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5 | 2 | 60.0% | 6.44% | #294 |
| 2025 | 14 | 5 | 35.7% | 6.00% | #231 |
What Service Federal Credit Union lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Service Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Otero County | 3 | 0 | 3 | 100.0% |
| Bernalillo County | 3 | 1 | 1 | 33.3% |
| Curry County | 3 | 1 | 0 | 0.0% |
| Doña Ana County | 2 | 2 | 0 | 0.0% |
| Sandoval County | 2 | 1 | 0 | 0.0% |
| Sierra 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: 14 applications in 2025, of which 5 were originated and 5 denied.
35.7% of all applications, or 45.5% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Service Federal Credit Union originated in New Mexico in 2025 was 6.00%, against a statewide median of 6.63%.
About this data. Figures are Service Federal Credit Union'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