Sunward Federal Credit Union in New Mexico vs the state
9.1%Denial rate-9.48 pts vs state
12.3%Decision denial rate-12.41 pts vs state
65.3%Origination rate+11.99 pts vs state
6.50%Median rate-0.13 pts vs state
-0.39Rate spread (pts)-0.77 pts vs state
$116kMedian applicant income
1,153Loans originated
161Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,490 | 1,081 | 7.9% | 6.50% | #10 |
| 2024 | 1,746 | 1,199 | 10.3% | 7.13% | #9 |
| 2025 | 1,765 | 1,153 | 9.1% | 6.50% | #8 |
What Sunward 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 Sunward Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 1,108 | 754 | 84 | 7.6% |
| Sandoval County | 230 | 163 | 21 | 9.1% |
| Valencia County | 107 | 54 | 11 | 10.3% |
| Santa Fe County | 96 | 60 | 11 | 11.5% |
| San Juan County | 95 | 48 | 13 | 13.7% |
| Torrance County | 34 | 13 | 13 | 38.2% |
| Doña Ana County | 1 | 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% |
| Mortgage Research Center | C | 1,683 | 15.9% | 6.25% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
| Loandepot.Com | D | 1,441 | 24.6% | 6.75% |
Frequently asked questions
New Mexico: 1,765 applications in 2025, of which 1,153 were originated and 161 denied.
9.1% of all applications, or 12.3% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Sunward Federal Credit Union originated in New Mexico in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Sunward 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