Southwest Stage Funding in New Mexico vs the state
13.5%Denial rate-5.08 pts vs state
27.1%Decision denial rate+2.39 pts vs state
26.2%Origination rate-27.11 pts vs state
7.88%Median rate+1.25 pts vs state
1.89Rate spread (pts)+1.51 pts vs state
$82kMedian applicant income
64Loans originated
33Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 70 | 44 | 32.9% | 8.33% | #108 |
| 2024 | 145 | 43 | 15.9% | 8.15% | #82 |
| 2025 | 244 | 64 | 13.5% | 7.88% | #68 |
What Southwest Stage Funding lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Southwest Stage Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Doña Ana County | 25 | 7 | 2 | 8.0% |
| Torrance County | 19 | 6 | 4 | 21.1% |
| Lea County | 18 | 7 | 1 | 5.6% |
| Bernalillo County | 17 | 2 | 1 | 5.9% |
| San Miguel County | 17 | 8 | 2 | 11.8% |
| Otero County | 17 | 8 | 5 | 29.4% |
| Santa Fe County | 17 | 3 | 1 | 5.9% |
| Valencia County | 16 | 6 | 3 | 18.8% |
| San Juan County | 12 | 1 | 2 | 16.7% |
| Eddy County | 12 | 1 | 2 | 16.7% |
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: 244 applications in 2025, of which 64 were originated and 33 denied.
13.5% of all applications, or 27.1% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Southwest Stage Funding originated in New Mexico in 2025 was 7.88%, against a statewide median of 6.63%.
About this data. Figures are Southwest Stage Funding'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