NM · Statewide HMDA 2024

New Mexico mortgage lending

According to the CFPB HMDA 2024 Snapshot, 485 reporting lenders · 33 counties · 4 metros.

Volume rank is not origination-share rank

According to the CFPB HMDA 2024 Snapshot, New Mexico ranks #37 of 54 by application volume but #42 of 52 states with 10,000+ applications on origination share (49.4%). Wisconsin leads that origination-share board at 64.0% on 214,597 applications. Volume rank is not origination-share rank.

#42
Origination-share rank of 52
49.4%
Origination share
36,443
Originated
18.2%
Denial rate

According to the CFPB HMDA 2024 Snapshot. Origination share is originated divided by applications among states and territories with 10,000+ applications (the same floor as the national denial board). See /methodology#corpus-placement. Informational reporting, not mortgage advice.

CFPB HMDA state filing plate

State NM · New Mexico 18.2% denial

VOL-LIGHT · DEN-MID · NEAR-PEER · ORIG-FLOOR · BOOK-FULL · LEAD-MIX

  • VOL-LIGHT #37/54
  • DEN-MID 18.2%
  • NEAR-PEER Pennsylvania
  • ORIG-FLOOR 49.4%
  • BOOK-FULL 485 lenders
  • LEAD-MIX 7% top

Photo-finish peer: Pennsylvania · 18.4% denial (+0.2pp vs New Mexico)

2024 HMDA Snapshot state sheet, volume rank, denial band, origination share, and reporter book. Informational reporting only.

Denial-rate neighbourhood · New Mexico

Poles and nearest peers by statewide HMDA denial rate, not a full state roster.

Denial band
Hawaii · highest22.4%Georgia · near18.5%Michigan · near18.4%Pennsylvania · near18.4%New Mexico · this state18.2%New Jersey · near18.0%Guam · lowest7.6%

Nationwide states with similar HMDA denial rate or application volume

Two statewide peer sets for New Mexico: nearest jurisdictions by denial rate and by mortgage applications filed. These are cross-state neighborhoods, distinct from the denial-band chart above.

Top lenders by originations · New Mexico

Funded loans among HMDA-reporting institutions active in this state.

State market
1. Rocket Mortgage2K2. Waterstone Mortgage Corpo…2K3. Guild Mortgage Company2K4. Nusenda Federal Credit Un…2K5. United Wholesale Mortgage2K6. Primary Residential Mortg…1K7. SUNWARD1K8. Bokf NA944

Where New Mexico sits by application volume

2024 CFPB HMDA states and territories, bucketed by mortgage applications filed

73,845 31st percentile higher than 31% of 54 states and territories

This state 0 1,200,000 states and territories, grouped by applications

Each bar is a 150,000-applications band. The dashed line and filled bar mark this state. Hover, tap, or focus a bar for its count and population share.

Source CFPB Home Mortgage Disclosure Act Snapshot National Loan-Level Dataset · 2024 reporting year

Top counties by originations · New Mexico

In-state county volume from the same HMDA county board linked below.

County mix
1. Bernalillo County13K2. Sandoval County5K3. Doña Ana County4K4. Santa Fe County3K5. Valencia County2K6. San Juan County1K7. Otero County1K8. Eddy County975

How to read this state sheet. New Mexico filed 73,845 HMDA-reported applications in 2024 (#37 of 54 by volume) with a 18.2% denial rate - near the national 17.2% baseline. White applicants (46,284 apps) show 17.4% denial; American Indian or Alaska Native applicants (2,554 apps) show 35.0% denial - rates on groups below 100 applications are marked too small to read. This page is informational data reporting, not financial, legal, or mortgage advice.

Nearby Lenders in New Mexico

Top HMDA-reporting lenders active in New Mexico. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 2,492 6.8%
2 Waterstone Mortgage Corporation 2,253 6.2%
3 Guild Mortgage Company 2,245 6.2%
4 Nusenda Federal Credit Union 1,923 5.3%
5 United Wholesale Mortgage 1,922 5.3%

Reported outcomes by applicant race in New Mexico

CFPB derived race categories. HMDA carries no credit score, debt-to-income ratio or down payment, so a gap between these rows is an outcome difference and never, on its own, evidence of discrimination.

Race Applications Approval Rate Denial Rate
White 46,284 56.6% 17.4%
American Indian or Alaska Native 2,554 35.8% 35.0%
Joint 1,768 61.0% 13.6%
Asian 1,487 52.3% 18.6%
Black or African American 1,292 51.5% 22.4%
2 or more minority races 136 48.5% 22.1%
Native Hawaiian or Other Pacific Islander 133 50.4% 27.8%

Every county in New Mexico, by lending volume

County totals sum the filings geocoded to that county, so they reconcile to the state row above rather than to any single lender's book.

County Applications Originated Denial Rate Avg Loan
Bernalillo County 24,793 13,390 15.5% $231,938
Sandoval County 8,755 4,662 15.2% $256,379
Doña Ana County 8,374 3,856 20.1% $213,866
Santa Fe County 5,344 2,685 18.4% $374,725
Valencia County 3,739 1,840 18.4% $201,542
San Juan County 3,281 1,431 23.2% $182,617
Otero County 2,197 1,037 17.4% $186,479
Eddy County 2,159 975 18.7% $230,461
Lea County 2,153 788 20.5% $191,461
Curry County 1,581 857 13.5% $176,828
Chaves County 1,541 778 16.8% $164,818
Lincoln County 889 409 22.3% $264,753
Taos County 887 397 21.6% $275,259
McKinley County 819 221 41.5% $133,999
Los Alamos County 793 492 10.6% $371,885
Rio Arriba County 775 333 22.2% $226,381
Grant County 728 334 18.3% $166,662
Torrance County 726 270 32.0% $155,785
San Miguel County 613 224 27.6% $182,993
Luna County 539 226 24.9% $130,640
Colfax County 500 235 22.2% $263,000
Roosevelt County 428 226 16.8% $138,692
Sierra County 412 175 19.7% $150,316
Cibola County 402 157 35.1% $136,095
Socorro County 339 146 28.0% $143,879
Quay County 173 56 34.1% $120,491
Catron County 116 38 20.7% $173,103
Guadalupe County 89 34 39.3% $171,067
Union County 84 35 25.0% $122,500
Mora County 82 22 35.4% $168,780
Hidalgo County 50 15 44.0% $112,200
De Baca County 27 11 18.5% $95,000
Harding County 5 1 0.0% $189,000

Metro Areas in New Mexico

Frequently Asked Questions

How many mortgage applications were filed in New Mexico?
In the 2024 HMDA reporting year, 73,845 mortgage applications were filed in New Mexico. Of these, 36,443 were originated (approved and funded), while 13,461 were denied, resulting in a denial rate of 18.2%.
Where does New Mexico sit among U.S. states for mortgage volume?
According to CFPB HMDA 2024 application volume across U.S. states and territories, New Mexico ranks #37 of 54. On origination share (originated divided by applications, 10,000-application floor) it ranks #42 of 52 at 49.4%. The /states hub sorts by application volume for this ranking basis. See /methodology#corpus-placement.
What is the mortgage denial rate in New Mexico?
The mortgage denial rate in New Mexico is 18.2%, meaning 18.2% of all applications were denied by lenders. The approval (origination) rate is 49.4%.
What is the average mortgage loan amount in New Mexico?
The average mortgage loan amount in New Mexico is $232,283. The average interest rate across all loan types is 6.945%.
How many mortgage lenders operate in New Mexico?
485 mortgage lenders reported HMDA data for New Mexico. These include banks, credit unions, and independent mortgage companies that filed lending activity for this state.
How do mortgage denial rates vary by demographics in New Mexico?
New Mexico reports demographic lending data under HMDA. White applicants (46,284 applications) have an approval rate of 56.6% and denial rate of 17.4%; American Indian or Alaska Native applicants (2,554 applications) have an approval rate of 35.8% and denial rate of 35.0%; Joint applicants (1,768 applications) have an approval rate of 61.0% and denial rate of 13.6%. These figures reflect derived race categories as reported by applicants, and cover only groups with at least 100 applications, since a rate computed on a handful of applications is not readable.
Which counties in New Mexico have the most mortgage activity?
The top counties by mortgage volume in New Mexico are Bernalillo County (13,390 originations), Sandoval County (4,662 originations), Doña Ana County (3,856 originations). There are 33 counties with HMDA mortgage data in the state.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.