New Mexico
Mortgage Loan Application
Totals and Details
in 2005

Find mortgage statistics and mortgage data for New Mexico.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of New Mexico.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 198,615
Total Mortgage Loan Application Amount $25,448,062,000
Average Mortgage Loan Application Amount $128,000
Highest Mortgage Loan Application Amount $30,700,000
Average Applicant Income $67,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in New Mexico, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for New Mexico in 2005

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 95,057 $12,931,755,000 $136,000 $30,700,000 $64,000 $9,999,000
Home Purchase 89,890 $11,550,179,000 $128,000 $12,390,000 $73,000 $7,531,000
Home Improvement 13,668 $966,128,000 $70,000 $3,000,000 $63,000 $9,999,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 90,199 $12,680,648,000 $140,000 $3,250,000 $79,000 $9,999,000
Hispanic 57,173 $6,276,347,000 $109,000 $2,000,000 $57,000 $9,999,000
Not Provided 23,349 $2,944,469,000 $126,000 $6,000,000 $70,000 $5,604,000
Not applicable 18,268 $2,399,961,000 $131,000 $30,700,000 $19,000 $1,416,000
Asian 3,312 $462,337,000 $139,000 $1,250,000 $98,000 $1,574,000
American Indian or Alaskan Native 2,952 $268,910,000 $91,000 $948,000 $58,000 $552,000
Black or African American 2,873 $354,788,000 $123,000 $1,000,000 $67,000 $1,116,000
Native Hawaiian or Other Pacific Islander 489 $60,602,000 $123,000 $800,000 $78,000 $1,440,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 183,495 $23,623,759,000 $128,000 $30,700,000 $71,000 $9,999,000
FHA-insured (Federal Housing Administration) 10,277 $1,116,471,000 $108,000 $2,856,000 $36,000 $451,000
VA-guaranteed (Veterans Administration) 4,631 $683,432,000 $147,000 $371,000 $40,000 $289,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 212 $24,400,000 $115,000 $239,000 $36,000 $108,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 83,018 $11,267,174,000 $135,000 $30,700,000 $79,000 $9,999,000
Application Denied By Financial Institution 40,296 $4,255,087,000 $105,000 $3,185,000 $61,000 $9,999,000
Loan Purchased By The Institution 33,685 $4,505,028,000 $133,000 $2,475,000 $47,000 $7,531,000
Application Withdrawn By Applicant 25,660 $3,351,007,000 $130,000 $5,542,000 $66,000 $3,521,000
Application Approved But Not Accepted 11,747 $1,489,465,000 $126,000 $2,000,000 $68,000 $2,277,000
File Closed For Incompleteness 4,090 $565,092,000 $138,000 $1,920,000 $69,000 $1,388,000
Preapproval Denied by Financial Institution 105 $12,923,000 $123,000 $360,000 $35,000 $408,000
Preapproval Approved but not Accepted 14 $2,286,000 $163,000 $640,000 $77,000 $165,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 7,569 $651,106,000 $86,000 $3,185,000 $58,000 $9,999,000
Other 4,956 $565,622,000 $114,000 $1,368,000 $65,000 $1,300,000
Collateral 3,602 $441,977,000 $122,000 $3,185,000 $78,000 $3,634,000
Debt-To-Income Ratio 3,011 $335,155,000 $111,000 $2,080,000 $47,000 $853,000
Credit Application Incomplete 2,930 $382,750,000 $130,000 $3,185,000 $70,000 $1,847,000
Unverifiable Information 916 $128,238,000 $139,000 $1,575,000 $80,000 $1,716,000
Insufficient Cash (Downpayment, Closing Cost) 292 $39,277,000 $134,000 $3,185,000 $60,000 $1,680,000
Employment History 272 $30,989,000 $113,000 $588,000 $56,000 $576,000
Mortgage Insurance Denied 9 $1,572,000 $174,000 $418,000 $67,000 $192,000
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Mortgage Loan Application Totals in 2005 by New Mexico Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ALBUQUERQUE, NM 110,795 $ 14,209,760,000 $ 128,000 $ 67,000
FARMINGTON, NM 9,132 $ 1,009,135,000 $ 110,000 $ 62,000
LAS CRUCES, NM 15,667 $ 1,816,088,000 $ 115,000 $ 66,000
SANTA FE, NM 17,259 $ 3,713,568,000 $ 215,000 $ 101,000
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Mortgage Loan Application Totals in 2005 by New Mexico County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Bernalillo 82,463 $ 10,761,713,000 $ 130,000 $ 72,000
Catron 145 $ 15,257,000 $ 105,000 $ 68,000
Chaves 4,711 $ 363,786,000 $ 77,000 $ 51,000
Cibola 1,112 $ 82,241,000 $ 73,000 $ 51,000
Colfax 1,172 $ 141,692,000 $ 120,000 $ 85,000
Curry 3,731 $ 323,781,000 $ 86,000 $ 52,000
De Baca 70 $ 4,006,000 $ 57,000 $ 46,000
Dona Ana 15,690 $ 1,818,790,000 $ 115,000 $ 66,000
Eddy 3,487 $ 285,580,000 $ 81,000 $ 58,000
Grant 1,668 $ 167,975,000 $ 100,000 $ 52,000
Guadalupe 257 $ 18,456,000 $ 71,000 $ 49,000
Harding 12 $ 598,000 $ 49,000 $ 56,000
Hidalgo 178 $ 11,663,000 $ 65,000 $ 44,000
Lea 3,473 $ 260,925,000 $ 75,000 $ 54,000
Lincoln 2,449 $ 345,001,000 $ 140,000 $ 90,000
Los Alamos 1,510 $ 267,797,000 $ 177,000 $ 84,000
Luna 1,596 $ 120,685,000 $ 75,000 $ 44,000
McKinley 2,130 $ 209,971,000 $ 98,000 $ 63,000
Mora 213 $ 21,913,000 $ 102,000 $ 54,000
Otero 4,297 $ 414,967,000 $ 96,000 $ 57,000
Quay 391 $ 25,737,000 $ 65,000 $ 52,000
Rio Arriba 2,319 $ 282,856,000 $ 121,000 $ 62,000
Roosevelt 1,054 $ 80,326,000 $ 76,000 $ 52,000
San Juan 9,150 $ 1,011,023,000 $ 110,000 $ 62,000
San Miguel 2,205 $ 238,439,000 $ 108,000 $ 59,000
Sandoval 20,020 $ 2,617,127,000 $ 130,000 $ 69,000
Santa Fe 17,328 $ 3,722,240,000 $ 214,000 $ 101,000
Sierra 744 $ 61,503,000 $ 82,000 $ 58,000
Socorro 915 $ 80,808,000 $ 88,000 $ 55,000
Taos 3,143 $ 539,848,000 $ 171,000 $ 93,000
Torrance 1,252 $ 107,316,000 $ 85,000 $ 49,000
Union 319 $ 30,251,000 $ 94,000 $ 48,000
Valencia 7,684 $ 803,944,000 $ 104,000 $ 55,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in New Mexico.

If you prefer, you can download a copy of the entire list of mortgage lenders in New Mexico and search similar information back through 2003.

Download the New Mexico Lender List