The Federal Savings Bank in New Mexico vs the state
9.3%Denial rate-9.29 pts vs state
20.4%Decision denial rate-4.23 pts vs state
35.3%Origination rate-18.05 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)-0.20 pts vs state
$85kMedian applicant income
72Loans originated
19Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 190 | 59 | 11.1% | 6.50% | #73 |
| 2024 | 228 | 63 | 6.6% | 6.50% | #64 |
| 2025 | 204 | 72 | 9.3% | 6.50% | #76 |
What The Federal Savings 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 The Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 53 | 16 | 2 | 3.8% |
| Sandoval County | 32 | 11 | 4 | 12.5% |
| Santa Fe County | 19 | 9 | 1 | 5.3% |
| Doña Ana County | 17 | 5 | 3 | 17.6% |
| Valencia County | 15 | 6 | 1 | 6.7% |
| San Juan County | 13 | 6 | 1 | 7.7% |
| Otero County | 11 | 3 | 1 | 9.1% |
| Chaves County | 10 | 3 | 2 | 20.0% |
| Eddy County | 7 | 1 | 0 | 0.0% |
| Curry County | 5 | 3 | 1 | 20.0% |
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: 204 applications in 2025, of which 72 were originated and 19 denied.
9.3% of all applications, or 20.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans The Federal Savings Bank originated in New Mexico in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are The Federal Savings 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