Sierra Pacific Mortgage Company in New Mexico vs the state
8.3%Denial rate-10.27 pts vs state
9.7%Decision denial rate-15.01 pts vs state
77.3%Origination rate+23.93 pts vs state
6.75%Median rate+0.13 pts vs state
0.28Rate spread (pts)-0.10 pts vs state
$105kMedian applicant income
102Loans originated
11Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 65 | 46 | 20.0% | 6.81% | #111 |
| 2024 | 113 | 82 | 12.4% | 6.63% | #90 |
| 2025 | 132 | 102 | 8.3% | 6.75% | #95 |
What Sierra Pacific Mortgage Company lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Sierra Pacific Mortgage Company applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 45 | 38 | 3 | 6.7% |
| Doña Ana County | 29 | 21 | 4 | 13.8% |
| Otero County | 18 | 15 | 1 | 5.6% |
| Sandoval County | 15 | 13 | 0 | 0.0% |
| Grant County | 6 | 2 | 2 | 33.3% |
| Eddy County | 5 | 3 | 0 | 0.0% |
| Valencia County | 5 | 4 | 0 | 0.0% |
| Santa Fe County | 3 | 2 | 1 | 33.3% |
| Hidalgo County | 1 | 1 | 0 | 0.0% |
| Colfax County | 1 | 0 | 0 | 0.0% |
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: 132 applications in 2025, of which 102 were originated and 11 denied.
8.3% of all applications, or 9.7% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Sierra Pacific Mortgage Company originated in New Mexico in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Sierra Pacific Mortgage Company'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