UMB Bank · New Mexico · 2025

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

UMB Bank took 207 mortgage applications in New Mexico in 2025, ranking #74 of 599 lenders active in the state. It originated 46.9% of them and denied 43.0% (46.6% of the applications it decided), against a statewide denial rate of 18.6%.

207Applicationsin NM
46.6%Decision denial ratestate 24.7%
5.99%Median ratestate 6.63%
$125,000Median loanstate $205,000
$19MVolume17 counties

UMB Bank in New Mexico vs the state

43.0%Denial rate+24.40 pts vs state
46.6%Decision denial rate+21.94 pts vs state
46.9%Origination rate-6.48 pts vs state
5.99%Median rate-0.63 pts vs state
-0.94Rate spread (pts)-1.32 pts vs state
$110kMedian applicant income
97Loans originated
89Denied

Trend in New Mexico

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237242.9%6.63%#268
20252079743.0%5.99%#74

What UMB Bank lends in New Mexico

By loan purpose

Home purchase 28 14% · 42.9% denied
Refinance 37 18% · 29.7% denied
Cash-out refinance 4 2% · 0.0% denied
Home improvement 88 43% · 53.4% denied
Other / HELOC 50 24% · 38.0% denied

By loan type

Conventional 204 99% · 43.1% denied
FHA 1 0% · 0.0% denied
VA 1 0% · 0.0% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied New Mexico applicants

Debt-to-income ratio 36 40%
Incomplete application 22 25%
Credit history 17 19%
Collateral 10 11%
Unverifiable information 2 2%
Other 1 1%
Insufficient cash 1 1%

Where in New Mexico

Counties with the most UMB Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Bernalillo County 693231 44.9%
Sandoval County 371717 45.9%
Santa Fe County 341813 38.2%
Colfax County 1667 43.8%
Valencia County 1064 40.0%
Rio Arriba County 824 50.0%
Los Alamos County 842 25.0%
Curry County 633 50.0%
Quay County 403 75.0%
Union County 421 25.0%

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: 207 applications in 2025, of which 97 were originated and 89 denied.

43.0% of all applications, or 46.6% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.

The median rate on loans UMB Bank originated in New Mexico in 2025 was 5.99%, against a statewide median of 6.63%.

About this data. Figures are UMB 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