Wells Fargo Bank in New Mexico vs the state
16.7%Denial rate-1.90 pts vs state
24.2%Decision denial rate-0.48 pts vs state
52.0%Origination rate-1.38 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)-0.20 pts vs state
$100kMedian applicant income
252Loans originated
81Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 742 | 322 | 27.6% | 6.38% | #19 |
| 2024 | 602 | 270 | 25.3% | 6.50% | #29 |
| 2025 | 485 | 252 | 16.7% | 6.50% | #36 |
What Wells Fargo 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 Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 144 | 68 | 21 | 14.6% |
| Doña Ana County | 67 | 31 | 16 | 23.9% |
| Santa Fe County | 60 | 35 | 8 | 13.3% |
| Sandoval County | 34 | 22 | 4 | 11.8% |
| Eddy County | 25 | 13 | 5 | 20.0% |
| Chaves County | 20 | 10 | 6 | 30.0% |
| San Juan County | 19 | 12 | 3 | 15.8% |
| Lea County | 14 | 6 | 2 | 14.3% |
| Valencia County | 14 | 10 | 1 | 7.1% |
| Otero County | 13 | 9 | 2 | 15.4% |
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: 485 applications in 2025, of which 252 were originated and 81 denied.
16.7% of all applications, or 24.2% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Wells Fargo Bank originated in New Mexico in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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