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Bernalillo County, New Mexico · 2025

Mortgage lenders in Bernalillo County, NM: denial rates and top lenders (2025)

379 lenders acted on 24,687 mortgage applications for properties in Bernalillo County in 2025. 15.2% were denied (New Mexico: 18.6%). Median rate on closed loans 6.75%; median loan $215,000; median property value $355,000.

25kApplications
15.2%Denial ratestate 18.6%
6.75%Median ratestate 6.63%
$215,000Median loan
$355,000Median property value

Largest lenders in Bernalillo County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Nusenda D 1,8351,169 13.8%8.00%
2 Waterstone Mortgage C 1,4161,082 2.2%6.88%
3 Guild Mortgage A 1,316935 3.5%6.63%
4 Rocket Mortgage C 1,250876 17.0%6.81%
5 United Shore Financial Services B 1,141822 12.4%6.25%
6 Sunward Federal Credit Union B 1,108754 7.6%6.50%
7 BOKF D 796471 16.5%6.63%
8 Primary Residential Mortgage C 698512 4.3%6.63%
9 Kirtland Federal Credit Union D 517347 19.3%7.50%
10 Bank of America F 485171 40.4%6.24%
11 21st Mortgage F 47775 49.5%9.97%
12 Pennymac Loan Services C 447219 8.3%6.38%
13 Sandia Area F 440266 20.5%—
14 CMG Mortgage A 438291 4.3%6.63%
15 Freedom Mortgage B 410159 9.5%6.25%
16 Navy Federal Credit Union D 399185 14.8%6.75%
17 JPMorgan Chase Bank B 378260 6.9%6.50%
18 Mortgage Research Center C 364169 18.1%6.25%
19 Loandepot.Com D 354203 21.8%7.13%
20 U.S. Eagle D 350237 16.0%6.99%
21 Newrez D 31593 20.6%6.99%
22 BMO Bank F 28593 38.3%8.25%
23 Directors Mortgage B 280198 6.8%6.88%
24 AmeriSave Mortgage D 26481 56.1%7.88%
25 Nationstar Mortgage C 264187 10.6%8.25%

Best approval odds in Bernalillo County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Evergreen Moneysource Mortgage901.1%
2Gold Star Mortgage Financial Group731.4%
3Bell Bank1151.7%
4Click n' Close952.1%
5Waterstone Mortgage1,1202.8%
6Calcon Mutual Mortgage643.1%
7Van Dyk Mortgage563.6%
8Sunflower Bank793.8%
9Guild Mortgage1,0484.4%
10Coastal Community Bank1574.5%

What Bernalillo County borrowers applied for

By loan purpose

Home purchase 11,286 46% · 9.1% denied
Refinance 3,494 14% · 13.5% denied
Cash-out refinance 4,609 19% · 20.5% denied
Home improvement 2,324 9% · 24.7% denied
Other / HELOC 2,974 12% · 25.0% denied

By loan type

Conventional 18,441 75% · 15.9% denied
FHA 3,665 15% · 15.7% denied
VA 2,452 10% · 10.3% denied
USDA / RHS 129 1% · 6.2% denied

Why applications were denied

Debt-to-income ratio 1,087 30%
Credit history 939 26%
Collateral 478 13%
Incomplete application 465 13%
Other 342 9%
Unverifiable information 178 5%
Insufficient cash 109 3%
Employment history 30 1%

Bernalillo County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202319,95811,56917.5%6.88%$195,000
202423,05613,42316.7%6.99%$195,000
202524,68714,28915.2%6.75%$215,000

Frequently asked questions

15.2% of applications in Bernalillo County were denied in 2025, against 18.6% statewide in New Mexico.

Nusenda, with 1,835 applications in 2025 and a denial rate of 13.8%.

The median mortgage application in Bernalillo County in 2025 was for $215,000; the median property value on originated loans was $355,000.