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Valencia County, New Mexico · 2025

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

189 lenders acted on 3,669 mortgage applications for properties in Valencia County in 2025. 19.1% were denied (New Mexico: 18.6%). Median rate on closed loans 6.50%; median loan $205,000; median property value $305,000.

3.7kApplications
19.1%Denial ratestate 18.6%
6.50%Median ratestate 6.63%
$205,000Median loan
$305,000Median property value

Largest lenders in Valencia County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 21746 40.6%9.46%
2 Waterstone Mortgage C 181137 4.4%6.75%
3 Guild Mortgage A 178110 7.9%6.75%
4 Nusenda D 175120 10.9%8.25%
5 United Shore Financial Services B 167104 19.2%6.13%
6 Primary Residential Mortgage C 167123 3.0%6.50%
7 Rocket Mortgage C 15598 21.3%6.81%
8 Loandepot.Com D 15080 28.7%5.88%
9 Dhi Mortgage Company B 14684 25.3%4.99%
10 Sunward Federal Credit Union B 10754 10.3%6.25%
11 Mortgage Research Center C 9651 18.8%6.13%
12 Freedom Mortgage B 9340 7.5%6.25%
13 Vanderbilt Mortgage and Finance F 9212 40.2%9.37%
14 CMG Mortgage A 6838 8.8%6.50%
15 Calcon Mutual Mortgage D 6549 4.6%5.63%
16 Pennymac Loan Services C 6122 23.0%6.19%
17 Directors Mortgage B 5329 7.6%6.81%
18 Kind Lending C 5239 21.2%6.50%
19 BOKF D 5128 23.5%6.50%
20 State Employees Credit Union D 5128 25.5%7.38%
21 Navy Federal Credit Union D 4926 20.4%7.45%
22 Kirtland Federal Credit Union D 4929 24.5%7.50%
23 JPMorgan Chase Bank B 4830 2.1%6.50%
24 U.S. Bank D 4411 61.4%8.65%
25 Newrez D 3910 28.2%7.25%

Best approval odds in Valencia County

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

#LenderDecidedDecision denial rate
1Primary Residential Mortgage1283.9%
2Waterstone Mortgage1475.4%
3Calcon Mutual Mortgage525.8%
4CMG Mortgage6010.0%
5Guild Mortgage13410.5%
6Freedom Mortgage5512.7%
7Nusenda14113.5%
8Sunward Federal Credit Union6516.9%
9Kind Lending5022.0%
10United Shore Financial Services14422.2%

What Valencia County borrowers applied for

By loan purpose

Home purchase 2,034 55% · 15.7% denied
Refinance 456 12% · 16.2% denied
Cash-out refinance 641 17% · 23.9% denied
Home improvement 205 6% · 31.2% denied
Other / HELOC 333 9% · 27.3% denied

By loan type

Conventional 2,209 60% · 21.5% denied
FHA 815 22% · 15.7% denied
VA 564 15% · 13.1% denied
USDA / RHS 81 2% · 30.9% denied

Why applications were denied

Credit history 209 30%
Debt-to-income ratio 190 27%
Collateral 97 14%
Incomplete application 64 9%
Other 60 9%
Unverifiable information 43 6%
Insufficient cash 25 4%
Employment history 5 1%

Valencia County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20233,0061,62320.4%6.63%$195,000
20243,4231,84120.1%6.63%$185,000
20253,6691,92419.1%6.50%$205,000

Frequently asked questions

19.1% of applications in Valencia County were denied in 2025, against 18.6% statewide in New Mexico.

21st Mortgage, with 217 applications in 2025 and a denial rate of 40.6%.

The median mortgage application in Valencia County in 2025 was for $205,000; the median property value on originated loans was $305,000.