USAA Federal Savings Bank in New Mexico vs the state
22.9%Denial rate+4.32 pts vs state
31.2%Decision denial rate+6.55 pts vs state
50.0%Origination rate-3.34 pts vs state
6.38%Median rate-0.25 pts vs state
-0.12Rate spread (pts)-0.51 pts vs state
$127kMedian applicant income
192Loans originated
88Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 339 | 193 | 17.1% | 6.38% | #51 |
| 2024 | 401 | 225 | 18.7% | 6.50% | #43 |
| 2025 | 384 | 192 | 22.9% | 6.38% | #48 |
What USAA 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 USAA Federal Savings Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 123 | 67 | 25 | 20.3% |
| Doña Ana County | 47 | 23 | 13 | 27.7% |
| Sandoval County | 39 | 20 | 5 | 12.8% |
| Otero County | 28 | 17 | 4 | 14.3% |
| Santa Fe County | 24 | 13 | 7 | 29.2% |
| Curry County | 15 | 5 | 5 | 33.3% |
| San Juan County | 13 | 7 | 3 | 23.1% |
| Chaves County | 13 | 7 | 3 | 23.1% |
| Eddy County | 11 | 5 | 3 | 27.3% |
| Taos County | 11 | 5 | 4 | 36.4% |
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: 384 applications in 2025, of which 192 were originated and 88 denied.
22.9% of all applications, or 31.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans USAA Federal Savings Bank originated in New Mexico in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are USAA 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