U.S. Bank in New Mexico vs the state
45.6%Denial rate+26.98 pts vs state
56.2%Decision denial rate+31.54 pts vs state
34.7%Origination rate-18.67 pts vs state
7.64%Median rate+1.01 pts vs state
0.69Rate spread (pts)+0.31 pts vs state
$98kMedian applicant income
286Loans originated
376Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 743 | 275 | 47.4% | 7.75% | #18 |
| 2024 | 718 | 302 | 42.2% | 8.20% | #24 |
| 2025 | 825 | 286 | 45.6% | 7.64% | #23 |
What U.S. 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 U.S. Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 246 | 93 | 99 | 40.2% |
| Doña Ana County | 123 | 41 | 61 | 49.6% |
| Sandoval County | 97 | 41 | 35 | 36.1% |
| Santa Fe County | 84 | 30 | 38 | 45.2% |
| Valencia County | 44 | 11 | 27 | 61.4% |
| Curry County | 35 | 6 | 25 | 71.4% |
| San Juan County | 23 | 7 | 12 | 52.2% |
| Taos County | 23 | 5 | 11 | 47.8% |
| Eddy County | 17 | 8 | 6 | 35.3% |
| Torrance County | 16 | 2 | 11 | 68.8% |
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: 825 applications in 2025, of which 286 were originated and 376 denied.
45.6% of all applications, or 56.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans U.S. Bank originated in New Mexico in 2025 was 7.64%, against a statewide median of 6.63%.
About this data. Figures are U.S. 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