San Juan County, New Mexico · 2025

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

183 lenders acted on 3,373 mortgage applications for properties in San Juan County in 2025. 23.1% were denied (New Mexico: 18.6%). Median rate on closed loans 6.75%; median loan $175,000; median property value $285,000.

3.4kApplications
23.1%Denial ratestate 18.6%
6.75%Median ratestate 6.63%
$175,000Median loan
$285,000Median property value

Largest lenders in San Juan County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Vanderbilt Mortgage and Finance F 30027 52.7%10.25%
2 21st Mortgage F 27744 51.6%10.14%
3 Cornerstone Capital Bank A 246176 0.0%6.31%
4 V.i.p. Mortgage B 233181 1.3%6.75%
5 Rocket Mortgage C 194134 24.2%6.63%
6 United Shore Financial Services B 179135 8.4%6.25%
7 Guild Mortgage A 159103 3.1%6.75%
8 Mortgage Solutions of Colorado C 10068 2.0%6.38%
9 Sunward Federal Credit Union B 9548 13.7%6.75%
10 The Citizens Bank 8355 15.7%
11 Waterstone Mortgage C 7351 9.6%6.63%
12 Freedom Mortgage B 7134 8.5%6.25%
13 Mortgage Research Center C 6728 23.9%6.38%
14 Loandepot.Com D 6032 31.7%6.81%
15 U.S. Eagle D 5931 30.5%6.99%
16 Zions Bancorporation B 4916 34.7%7.85%
17 Pennymac Loan Services C 4822 2.1%6.44%
18 Broker Solutions D 4512 17.8%6.88%
19 Triad Financial Services D 402 70.0%8.00%
20 AmeriSave Mortgage D 379 59.5%6.63%
21 Credit Human Federal Credit Union D 374 67.6%7.95%
22 Spring Eq D 3612 52.8%9.88%
23 Figure Lending C 3616 30.6%9.30%
24 Newrez D 3514 8.6%6.38%
25 Bank of America F 345 55.9%6.49%

Best approval odds in San Juan County

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

What San Juan County borrowers applied for

By loan purpose

Home purchase 1,898 56% · 22.9% denied
Refinance 384 11% · 16.4% denied
Cash-out refinance 623 18% · 20.7% denied
Home improvement 164 5% · 35.4% denied
Other / HELOC 304 9% · 31.6% denied

By loan type

Conventional 2,336 69% · 27.3% denied
FHA 665 20% · 14.4% denied
VA 347 10% · 13.3% denied
USDA / RHS 25 1% · 0.0% denied

Why applications were denied

Credit history 299 39%
Debt-to-income ratio 180 24%
Collateral 91 12%
Incomplete application 81 11%
Unverifiable information 49 6%
Other 40 5%
Insufficient cash 20 3%
Employment history 2 0%

San Juan County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,6931,27024.5%6.99%$155,000
20243,0311,43625.2%6.88%$155,000
20253,3731,62723.1%6.75%$175,000

Frequently asked questions

23.1% of applications in San Juan County were denied in 2025, against 18.6% statewide in New Mexico.

Vanderbilt Mortgage and Finance, with 300 applications in 2025 and a denial rate of 52.7%.

The median mortgage application in San Juan County in 2025 was for $175,000; the median property value on originated loans was $285,000.