Lea County, New Mexico · 2025

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

132 lenders acted on 1,887 mortgage applications for properties in Lea County in 2025. 25.6% were denied (New Mexico: 18.6%). Median rate on closed loans 6.75%; median loan $175,000; median property value $245,000.

1.9kApplications
25.6%Denial ratestate 18.6%
6.75%Median ratestate 6.63%
$175,000Median loan
$245,000Median property value

Largest lenders in Lea County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 40847 42.2%9.60%
2 Paramount Residential Mortgage Group B 133118 0.0%6.63%
3 Geneva Financial C 13090 1.5%6.75%
4 Rocket Mortgage C 12871 35.2%6.88%
5 Primelending, a Plainscapital A 7655 15.8%7.25%
6 Crosscountry Mortgage B 7558 1.3%6.58%
7 Pennymac Loan Services C 6222 11.3%6.06%
8 Neighborhood Loans C 5830 43.1%7.75%
9 Freedom Mortgage B 5018 10.0%6.25%
10 Triad Financial Services D 486 52.1%8.85%
11 Directors Mortgage B 3632 0.0%6.88%
12 Newrez D 3111 22.6%6.63%
13 United Shore Financial Services B 3019 16.7%6.13%
14 Broker Solutions D 274 22.2%7.13%
15 Countryplace Mortgage F 276 44.4%8.89%
16 AmeriSave Mortgage D 257 64.0%7.13%
17 Primary Residential Mortgage C 2512 24.0%7.19%
18 Mortgage Research Center C 2414 20.8%6.25%
19 Loandepot.Com D 237 60.9%7.13%
20 Vanderbilt Mortgage and Finance F 212 57.1%9.87%
21 JPMorgan Chase Bank B 1814 11.1%6.88%
22 Movement Mortgage A 1810 5.6%6.75%
23 Southwest Stage Funding F 187 5.6%8.50%
24 Spring Eq D 174 47.1%10.60%
25 Carrington Mortgage Services D 166 50.0%8.19%

Best approval odds in Lea County

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

#LenderDecidedDecision denial rate
1Paramount Residential Mortgage Group1180.0%
2Crosscountry Mortgage611.6%
3Geneva Financial922.2%
4Primelending, a Plainscapital7416.2%
5Rocket Mortgage11937.8%
6Neighborhood Loans5743.9%
721st Mortgage22576.4%

What Lea County borrowers applied for

By loan purpose

Home purchase 1,234 65% · 23.8% denied
Refinance 249 13% · 18.5% denied
Cash-out refinance 262 14% · 33.2% denied
Home improvement 53 3% · 47.2% denied
Other / HELOC 89 5% · 34.8% denied

By loan type

Conventional 1,201 64% · 30.1% denied
FHA 595 32% · 18.5% denied
VA 79 4% · 15.2% denied
USDA / RHS 12 1% · 0.0% denied

Why applications were denied

Credit history 176 37%
Incomplete application 86 18%
Debt-to-income ratio 80 17%
Collateral 66 14%
Other 28 6%
Unverifiable information 21 4%
Insufficient cash 14 3%
Employment history 9 2%

Lea County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,64673729.0%6.99%$165,000
20241,94288724.1%7.00%$165,000
20251,88784025.6%6.75%$175,000

Frequently asked questions

25.6% of applications in Lea County were denied in 2025, against 18.6% statewide in New Mexico.

21st Mortgage, with 408 applications in 2025 and a denial rate of 42.2%.

The median mortgage application in Lea County in 2025 was for $175,000; the median property value on originated loans was $245,000.