V.i.p. Mortgage in New Mexico vs the state
0.9%Denial rate-17.73 pts vs state
1.1%Decision denial rate-23.58 pts vs state
78.8%Origination rate+25.50 pts vs state
6.75%Median rate+0.13 pts vs state
0.52Rate spread (pts)+0.14 pts vs state
$75kMedian applicant income
272Loans originated
3Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 27 | 23 | 3.7% | 6.63% | #161 |
| 2024 | 165 | 118 | 4.2% | 6.88% | #78 |
| 2025 | 345 | 272 | 0.9% | 6.75% | #53 |
What V.i.p. Mortgage lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most V.i.p. Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Juan County | 233 | 181 | 3 | 1.3% |
| Bernalillo County | 57 | 48 | 0 | 0.0% |
| Sandoval County | 21 | 16 | 0 | 0.0% |
| San Miguel County | 8 | 5 | 0 | 0.0% |
| Torrance County | 6 | 6 | 0 | 0.0% |
| Doña Ana County | 4 | 3 | 0 | 0.0% |
| Socorro County | 3 | 3 | 0 | 0.0% |
| Valencia County | 3 | 3 | 0 | 0.0% |
| Catron County | 3 | 3 | 0 | 0.0% |
| Santa Fe County | 3 | 1 | 0 | 0.0% |
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: 345 applications in 2025, of which 272 were originated and 3 denied.
0.9% of all applications, or 1.1% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans V.i.p. Mortgage originated in New Mexico in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are V.i.p. Mortgage'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