Chaves County, New Mexico · 2025

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

135 lenders acted on 1,674 mortgage applications for properties in Chaves County in 2025. 18.9% were denied (New Mexico: 18.6%). Median rate on closed loans 6.75%; median loan $155,000; median property value $225,000.

1.7kApplications
18.9%Denial ratestate 18.6%
6.75%Median ratestate 6.63%
$155,000Median loan
$225,000Median property value

Largest lenders in Chaves County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 CMG Mortgage A 237181 4.2%6.50%
2 Loandepot.Com D 185128 9.2%7.13%
3 Rocket Mortgage C 183127 19.1%6.50%
4 21st Mortgage F 13030 45.4%9.44%
5 Broker Solutions D 9550 6.3%6.99%
6 United Shore Financial Services B 4533 11.1%6.00%
7 Mortgage Research Center C 4322 14.0%6.25%
8 AmeriSave Mortgage D 376 75.7%8.31%
9 Bank of the Southwest 3223 12.5%
10 Guild Mortgage A 3121 6.5%6.88%
11 Freedom Mortgage B 2912 13.8%6.00%
12 Countryplace Mortgage F 290 41.4%
13 Geneva Financial C 2823 0.0%6.63%
14 Pennymac Loan Services C 226 22.7%6.38%
15 Wells Fargo Bank B 2010 30.0%6.44%
16 Lakeview Loan Servicing C 209 40.0%6.49%
17 Triad Financial Services D 182 61.1%9.33%
18 Michigan Mutual C 177 11.8%6.75%
19 Pioneer Bank 164 50.0%8.10%
20 Spring Eq D 155 46.7%11.18%
21 Nationstar Mortgage C 158 13.3%6.94%
22 Navy Federal Credit Union D 157 40.0%6.00%
23 Everett Financial C 146 7.1%6.69%
24 Guaranteed Rate B 149 7.1%6.13%
25 Coastal Community Bank C 145 0.0%9.24%

Best approval odds in Chaves County

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

#LenderDecidedDecision denial rate
1CMG Mortgage2094.8%
2Broker Solutions5610.7%
3Loandepot.Com14511.7%
4Rocket Mortgage16521.2%
521st Mortgage9164.8%

What Chaves County borrowers applied for

By loan purpose

Home purchase 959 57% · 13.4% denied
Refinance 230 14% · 18.7% denied
Cash-out refinance 308 18% · 26.0% denied
Home improvement 55 3% · 40.0% denied
Other / HELOC 122 7% · 35.3% denied

By loan type

Conventional 939 56% · 23.1% denied
FHA 480 29% · 14.2% denied
VA 188 11% · 12.8% denied
USDA / RHS 67 4% · 10.5% denied

Why applications were denied

Credit history 98 31%
Debt-to-income ratio 67 21%
Incomplete application 60 19%
Collateral 34 11%
Other 21 7%
Unverifiable information 15 5%
Insufficient cash 15 5%
Employment history 2 1%

Chaves County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,44571120.6%6.75%$135,000
20241,43077818.1%6.88%$145,000
20251,67488918.9%6.75%$155,000

Frequently asked questions

18.9% of applications in Chaves County were denied in 2025, against 18.6% statewide in New Mexico.

CMG Mortgage, with 237 applications in 2025 and a denial rate of 4.2%.

The median mortgage application in Chaves County in 2025 was for $155,000; the median property value on originated loans was $225,000.