Sandoval County, New Mexico · 2025

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

273 lenders acted on 8,599 mortgage applications for properties in Sandoval County in 2025. 15.3% were denied (New Mexico: 18.6%). Median rate on closed loans 6.63%; median loan $255,000; median property value $375,000.

8.6kApplications
15.3%Denial ratestate 18.6%
6.63%Median ratestate 6.63%
$255,000Median loan
$375,000Median property value

Largest lenders in Sandoval County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Rocket Mortgage C 493359 15.0%6.88%
2 United Shore Financial Services B 453333 10.2%6.13%
3 Guild Mortgage A 419284 2.9%6.63%
4 Nusenda D 383252 12.5%8.00%
5 Waterstone Mortgage C 334259 3.3%6.88%
6 Pulte Mortgage A 272185 12.9%4.99%
7 Primary Residential Mortgage C 248163 6.9%6.63%
8 Freedom Mortgage B 23380 8.6%6.13%
9 Dhi Mortgage Company B 233138 18.5%4.99%
10 Sunward Federal Credit Union B 230163 9.1%6.50%
11 BOKF D 216127 14.4%6.63%
12 Mortgage Research Center C 19381 17.6%6.25%
13 CMG Mortgage A 166121 6.0%6.63%
14 Sandia Area F 161101 24.8%
15 Pennymac Loan Services C 16074 13.1%6.31%
16 21st Mortgage F 15935 48.4%8.95%
17 Loandepot.Com D 15194 23.8%6.56%
18 Vanderbilt Mortgage and Finance F 14311 46.2%10.25%
19 Navy Federal Credit Union D 14065 20.7%6.63%
20 Bank of America F 13450 38.1%6.43%
21 Calcon Mutual Mortgage D 12497 0.8%5.75%
22 Kirtland Federal Credit Union D 12389 21.1%7.50%
23 Broker Solutions D 11137 11.7%6.75%
24 JPMorgan Chase Bank B 10570 6.7%6.49%
25 Newrez D 10331 17.5%6.25%

Best approval odds in Sandoval County

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

What Sandoval County borrowers applied for

By loan purpose

Home purchase 4,128 48% · 10.8% denied
Refinance 1,307 15% · 12.7% denied
Cash-out refinance 1,621 19% · 19.7% denied
Home improvement 633 7% · 21.8% denied
Other / HELOC 910 11% · 27.1% denied

By loan type

Conventional 5,558 65% · 16.6% denied
FHA 1,636 19% · 14.9% denied
VA 1,348 16% · 11.0% denied
USDA / RHS 57 1% · 10.5% denied

Why applications were denied

Debt-to-income ratio 394 31%
Credit history 332 26%
Incomplete application 162 13%
Collateral 157 12%
Other 96 8%
Unverifiable information 70 6%
Insufficient cash 51 4%
Employment history 10 1%

Sandoval County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20236,6523,89916.4%6.75%$235,000
20247,9994,67316.7%6.75%$235,000
20258,5995,03915.3%6.63%$255,000

Frequently asked questions

15.3% of applications in Sandoval County were denied in 2025, against 18.6% statewide in New Mexico.

Rocket Mortgage, with 493 applications in 2025 and a denial rate of 15.0%.

The median mortgage application in Sandoval County in 2025 was for $255,000; the median property value on originated loans was $375,000.