T2 Financial in New Mexico vs the state
30.8%Denial rate+12.17 pts vs state
30.8%Decision denial rate+6.11 pts vs state
69.2%Origination rate+15.89 pts vs state
6.38%Median rate-0.25 pts vs state
0.14Rate spread (pts)-0.25 pts vs state
$94kMedian applicant income
9Loans originated
4Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 4 | 0.0% | 7.06% | #276 |
| 2025 | 13 | 9 | 30.8% | 6.38% | #235 |
What T2 Financial lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 4 | 2 | 2 | 50.0% |
| Curry County | 2 | 2 | 0 | 0.0% |
| Eddy County | 2 | 2 | 0 | 0.0% |
| Sandoval County | 1 | 1 | 0 | 0.0% |
| Lincoln County | 1 | 1 | 0 | 0.0% |
| Quay County | 1 | 1 | 0 | 0.0% |
| Valencia County | 1 | 0 | 1 | 100.0% |
| San Miguel County | 1 | 0 | 1 | 100.0% |
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: 13 applications in 2025, of which 9 were originated and 4 denied.
30.8% of all applications, or 30.8% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans T2 Financial originated in New Mexico in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are T2 Financial'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