Washington Federal Bank in New Mexico vs the state
17.1%Denial rate-1.46 pts vs state
21.4%Decision denial rate-3.23 pts vs state
60.0%Origination rate+6.66 pts vs state
7.11%Median rate+0.48 pts vs state
0.37Rate spread (pts)-0.01 pts vs state
$79kMedian applicant income
21Loans originated
6Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 279 | 92 | 20.8% | 7.75% | #61 |
| 2024 | 198 | 72 | 23.7% | 7.67% | #69 |
| 2025 | 35 | 21 | 17.1% | 7.11% | #170 |
What Washington Federal 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 Washington Federal Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 6 | 6 | 0 | 0.0% |
| Santa Fe County | 6 | 3 | 0 | 0.0% |
| Lea County | 5 | 2 | 3 | 60.0% |
| Curry County | 4 | 3 | 0 | 0.0% |
| Grant County | 2 | 2 | 0 | 0.0% |
| San Juan County | 2 | 0 | 1 | 50.0% |
| Lincoln County | 2 | 1 | 0 | 0.0% |
| Doña Ana County | 2 | 2 | 0 | 0.0% |
| Chaves County | 1 | 1 | 0 | 0.0% |
| Eddy County | 1 | 0 | 1 | 100.0% |
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: 35 applications in 2025, of which 21 were originated and 6 denied.
17.1% of all applications, or 21.4% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Washington Federal Bank originated in New Mexico in 2025 was 7.11%, against a statewide median of 6.63%.
About this data. Figures are Washington Federal 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