Sunflower Bank · New Mexico · 2025

Sunflower Bank in New Mexico: approval rate, denial rate and rates (2025)

Sunflower Bank took 501 mortgage applications in New Mexico in 2025, ranking #35 of 599 lenders active in the state. It originated 69.7% of them and denied 2.8% (3.8% of the applications it decided), against a statewide denial rate of 18.6%.

501Applicationsin NM
3.8%Decision denial ratestate 24.7%
6.49%Median ratestate 6.63%
$315,000Median loanstate $205,000
$134MVolume19 counties

Sunflower Bank in New Mexico vs the state

2.8%Denial rate-15.81 pts vs state
3.8%Decision denial rate-20.83 pts vs state
69.7%Origination rate+16.32 pts vs state
6.49%Median rate-0.13 pts vs state
0.16Rate spread (pts)-0.22 pts vs state
$118kMedian applicant income
349Loans originated
14Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232891795.9%6.49%#58
20243041906.6%6.63%#54
20255013492.8%6.49%#35

What Sunflower Bank lends in New Mexico

By loan purpose

Home purchase 411 82% · 1.5% denied
Refinance 48 10% · 6.3% denied
Cash-out refinance 33 7% · 12.1% denied
Home improvement 5 1% · 20.0% denied
Other / HELOC 4 1% · 0.0% denied

By loan type

Conventional 384 77% · 2.3% denied
FHA 83 17% · 3.6% denied
VA 31 6% · 6.5% denied
USDA / RHS 3 1% · 0.0% denied

Why it denied New Mexico applicants

Collateral 7 50%
Credit history 3 21%
Debt-to-income ratio 2 14%
Insufficient cash 2 14%

Where in New Mexico

Counties with the most Sunflower Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Santa Fe County 1751253 1.7%
Bernalillo County 114763 2.6%
Los Alamos County 72563 4.2%
Sandoval County 44342 4.5%
Valencia County 35221 2.9%
Rio Arriba County 1260 0.0%
Doña Ana County 1071 10.0%
San Juan County 620 0.0%
Otero County 540 0.0%
San Miguel County 511 20.0%

Other large lenders in New Mexico

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 4,44020.5%6.75%
21st MortgageF 3,99245.5%9.60%
United Shore Financial ServicesB 3,25112.8%6.13%
Guild MortgageA 3,1864.3%6.63%
NusendaD 2,96213.7%8.00%
Waterstone MortgageC 2,7403.2%6.88%
Vanderbilt Mortgage and FinanceF 2,08546.4%9.99%
Sunward Federal Credit UnionB 1,7659.1%6.50%
Mortgage Research CenterC 1,68315.9%6.25%
Primary Residential MortgageC 1,4974.9%6.63%

Frequently asked questions

New Mexico: 501 applications in 2025, of which 349 were originated and 14 denied.

2.8% of all applications, or 3.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans Sunflower Bank originated in New Mexico in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Sunflower 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