Vanderbilt Mortgage and Finance in New Mexico vs the state
46.4%Denial rate+27.83 pts vs state
79.9%Decision denial rate+55.21 pts vs state
9.5%Origination rate-43.89 pts vs state
9.99%Median rate+3.37 pts vs state
3.96Rate spread (pts)+3.58 pts vs state
$60kMedian applicant income
197Loans originated
968Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,942 | 188 | 51.0% | 10.25% | #5 |
| 2024 | 2,028 | 209 | 52.9% | 9.99% | #7 |
| 2025 | 2,085 | 197 | 46.4% | 9.99% | #7 |
What Vanderbilt Mortgage and Finance lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Vanderbilt Mortgage and Finance applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| McKinley County | 329 | 34 | 180 | 54.7% |
| San Juan County | 300 | 27 | 158 | 52.7% |
| Doña Ana County | 247 | 20 | 113 | 45.7% |
| Bernalillo County | 247 | 8 | 109 | 44.1% |
| Sandoval County | 143 | 11 | 66 | 46.2% |
| Santa Fe County | 121 | 5 | 50 | 41.3% |
| San Miguel County | 110 | 10 | 44 | 40.0% |
| Otero County | 94 | 22 | 37 | 39.4% |
| Valencia County | 92 | 12 | 37 | 40.2% |
| Torrance County | 90 | 7 | 45 | 50.0% |
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% |
| 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% |
| Loandepot.Com | D | 1,441 | 24.6% | 6.75% |
Frequently asked questions
New Mexico: 2,085 applications in 2025, of which 197 were originated and 968 denied.
46.4% of all applications, or 79.9% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Vanderbilt Mortgage and Finance originated in New Mexico in 2025 was 9.99%, against a statewide median of 6.63%.
About this data. Figures are Vanderbilt Mortgage and Finance'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