Zillow Home Loans in New Mexico vs the state
5.1%Denial rate-13.52 pts vs state
6.3%Decision denial rate-18.41 pts vs state
76.3%Origination rate+22.93 pts vs state
6.75%Median rate+0.13 pts vs state
0.48Rate spread (pts)+0.10 pts vs state
$76kMedian applicant income
45Loans originated
3Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 50 | 34 | 6.0% | 6.88% | #126 |
| 2024 | 73 | 47 | 5.5% | 6.63% | #110 |
| 2025 | 59 | 45 | 5.1% | 6.75% | #136 |
What Zillow Home Loans lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most Zillow Home Loans applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bernalillo County | 15 | 13 | 0 | 0.0% |
| Doña Ana County | 8 | 6 | 0 | 0.0% |
| Sandoval County | 7 | 7 | 0 | 0.0% |
| Curry County | 4 | 4 | 0 | 0.0% |
| San Miguel County | 3 | 3 | 0 | 0.0% |
| San Juan County | 3 | 2 | 0 | 0.0% |
| Valencia County | 3 | 2 | 0 | 0.0% |
| Eddy County | 3 | 3 | 0 | 0.0% |
| Taos County | 2 | 0 | 1 | 50.0% |
| Cibola County | 2 | 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: 59 applications in 2025, of which 45 were originated and 3 denied.
5.1% of all applications, or 6.3% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans Zillow Home Loans originated in New Mexico in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Zillow Home Loans'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