Sofi Bank in New Mexico vs the state
9.0%Denial rate-9.57 pts vs state
28.0%Decision denial rate+3.34 pts vs state
22.6%Origination rate-30.76 pts vs state
7.19%Median rate+0.56 pts vs state
0.75Rate spread (pts)+0.37 pts vs state
$123kMedian applicant income
70Loans originated
28Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 47 | 13 | 29.8% | 6.88% | #128 |
| 2024 | 113 | 49 | 14.2% | 6.63% | #89 |
| 2025 | 310 | 70 | 9.0% | 7.19% | #62 |
What Sofi Bank lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 95 | 23 | 10 | 10.5% |
| Santa Fe County | 42 | 10 | 5 | 11.9% |
| Doña Ana County | 41 | 10 | 2 | 4.9% |
| Sandoval County | 30 | 8 | 3 | 10.0% |
| San Juan County | 14 | 4 | 0 | 0.0% |
| Otero County | 9 | 1 | 0 | 0.0% |
| Valencia County | 8 | 1 | 0 | 0.0% |
| Eddy County | 8 | 2 | 1 | 12.5% |
| Curry County | 7 | 0 | 2 | 28.6% |
| Los Alamos County | 7 | 1 | 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: 310 applications in 2025, of which 70 were originated and 28 denied.
9.0% of all applications, or 28.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Sofi Bank originated in New Mexico in 2025 was 7.19%, against a statewide median of 6.63%.
About this data. Figures are Sofi Bank'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