Waterstone Mortgage in New Mexico vs the state
3.2%Denial rate-15.42 pts vs state
4.0%Decision denial rate-20.65 pts vs state
75.3%Origination rate+21.99 pts vs state
6.88%Median rate+0.25 pts vs state
0.53Rate spread (pts)+0.15 pts vs state
$84kMedian applicant income
2,064Loans originated
87Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,158 | 1,683 | 4.2% | 6.88% | #4 |
| 2024 | 2,950 | 2,253 | 3.7% | 6.99% | #5 |
| 2025 | 2,740 | 2,064 | 3.2% | 6.88% | #6 |
What Waterstone 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 Waterstone Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 1,416 | 1,082 | 31 | 2.2% |
| Sandoval County | 334 | 259 | 11 | 3.3% |
| Santa Fe County | 251 | 176 | 6 | 2.4% |
| Valencia County | 181 | 137 | 8 | 4.4% |
| Doña Ana County | 130 | 88 | 7 | 5.4% |
| Los Alamos County | 100 | 93 | 0 | 0.0% |
| Torrance County | 85 | 58 | 6 | 7.1% |
| San Juan County | 73 | 51 | 7 | 9.6% |
| McKinley County | 32 | 22 | 4 | 12.5% |
| Rio Arriba County | 25 | 17 | 1 | 4.0% |
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% |
| 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% |
| Loandepot.Com | D | 1,441 | 24.6% | 6.75% |
Frequently asked questions
New Mexico: 2,740 applications in 2025, of which 2,064 were originated and 87 denied.
3.2% of all applications, or 4.0% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Waterstone Mortgage originated in New Mexico in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are Waterstone 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