New Mexico Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 73,393 mortgage applications in New Mexico totaling $16.9 billion, up 13% from 2023. The average application was for $230,000, and applicants reported an average income of $115,000. 50% of applications resulted in an originated loan and 18% were denied. The most active lenders were 21st Mortgage (4,259 applications), Guild Mortgage Company and Nusenda Federal Credit Union.
See the top mortgage lenders in New Mexico, browse lending by metro area and by county, or see the mortgage lenders headquartered in New Mexico and New Mexico lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into New Mexico's mortgage market trends.
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 73,393 |
| Total Mortgage Loan Application Amount | $16,916,535,000 |
| Average Mortgage Loan Application Amount | $230,000 |
| Highest Mortgage Loan Application Amount | $43,005,000 |
| Average Applicant Income | $115,000 |
| Highest Applicant Income | $9,389,000 |
Top 25 Mortgage Lenders in New Mexico (2024)
Ranked by the number of mortgage applications each lender received for properties in New Mexico in 2024, wherever the lender is based. For lenders headquartered in the state, see the full list of New Mexico mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in New Mexico.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | 21st Mortgage Knoxville, TN |
4,259 | $626,975,000 | $147,211 | $76,269 |
| 2 | Guild Mortgage Company San Diego, CA |
3,280 | $665,860,000 | $203,006 | $99,617 |
| 3 | Nusenda Federal Credit Union Albuquerque, NM |
3,040 | $406,520,000 | $133,723 | $117,985 |
| 4 | Waterstone Mortgage Corporation Brookfield, WI |
2,952 | $606,240,000 | $205,365 | $99,365 |
| 5 | United Wholesale Mortgage Plymouth, MI |
2,536 | $799,850,000 | $315,398 | $137,231 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
2,325 | $633,615,000 | $272,522 | $111,253 |
| 7 | Vanderbilt Mortgage and Finance, Inc Maryville, TN |
2,055 | $258,815,000 | $125,944 | $68,246 |
| 8 | Primary Residential Mortgage, Inc. Salt Lake City, UT |
1,837 | $392,555,000 | $213,693 | $144,543 |
| 9 | Freedom Mortgage Corporation Boca Raton, FL |
1,815 | $578,755,000 | $318,873 | $107,008 |
| 10 | Sunward Albuquerque, NM |
1,732 | $368,510,000 | $212,765 | $139,359 |
| 11 | Bokf NA Tulsa, OK |
1,657 | $390,295,000 | $235,543 | $142,030 |
| 12 | Mortgage Research Center Columbia, MO |
1,387 | $411,585,000 | $296,744 | $101,791 |
| 13 | Discover Bank Greenwood, DE |
1,247 | $102,075,000 | $81,856 | $125,042 |
| 14 | Newrez LLC Fort Washington, PA |
1,204 | $335,900,000 | $278,986 | $120,295 |
| 15 | CMG Mortgage Inc San Ramon, IL |
1,143 | $227,805,000 | $199,304 | $101,829 |
| 16 | Navy Federal Credit Union Vienna, VA |
1,085 | $230,915,000 | $212,824 | $126,964 |
| 17 | Bank of America NA Westlake Village, CA |
1,055 | $184,315,000 | $174,706 | $124,496 |
| 18 | loanDepot.com LLC Irvine, CA |
1,048 | $226,630,000 | $216,250 | $92,689 |
| 19 | Amerisave Mortgage Company Sandy Springs, GA |
982 | $156,300,000 | $159,164 | $92,945 |
| 20 | New American Funding, Llc. Tustin, CA |
878 | $175,390,000 | $199,760 | $90,108 |
| 21 | JPMorgan Chase Bank, NA Columbus, OH |
867 | $257,815,000 | $297,364 | $125,121 |
| 22 | Primelending Dallas, TX |
839 | $142,295,000 | $169,600 | $88,842 |
| 23 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
824 | $257,810,000 | $312,876 | $90,836 |
| 24 | US Bank, N.A. Cincinnati, OH |
806 | $152,040,000 | $188,635 | $126,645 |
| 25 | Nationstar Mortgage Coppell, TX |
771 | $157,325,000 | $204,053 | $108,055 |
The tables below break down 2024 mortgage applications in New Mexico by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for New Mexico in 2024
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 42,698 | $11,056,280,000 | $258,000 | $43,005,000 | $116,000 | $8,979,000 |
| Cash-out Refinancing | 11,308 | $2,392,800,000 | $211,000 | $4,005,000 | $101,000 | $6,239,000 |
| Other Purpose | 7,280 | $722,730,000 | $99,000 | $27,555,000 | $117,000 | $8,320,000 |
| Refinancing | 7,031 | $2,274,025,000 | $323,000 | $41,005,000 | $122,000 | $4,537,000 |
| Home Improvement | 4,970 | $452,670,000 | $91,000 | $19,205,000 | $120,000 | $9,389,000 |
| Not Applicable | 106 | $18,030,000 | $170,000 | $5,705,000 | $301,000 | $702,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 28,201 | $5,293,995,000 | $187,000 | $27,555,000 | $98,000 | $8,320,000 |
| White | 24,786 | $5,872,380,000 | $236,000 | $3,765,000 | $131,000 | $9,389,000 |
| Not Provided | 9,616 | $2,218,460,000 | $230,000 | $4,495,000 | $119,000 | $4,690,000 |
| Not applicable | 5,703 | $2,400,795,000 | $420,000 | $43,005,000 | $174,000 | $1,585,000 |
| American Indian or Alaskan Native | 2,156 | $358,930,000 | $166,000 | $1,045,000 | $96,000 | $8,979,000 |
| Asian | 1,485 | $413,595,000 | $278,000 | $1,845,000 | $157,000 | $4,078,000 |
| Black or African American | 1,340 | $330,960,000 | $246,000 | $1,365,000 | $119,000 | $2,160,000 |
| Native Hawaiian or Other Pacific Islander | 100 | $26,360,000 | $263,000 | $1,525,000 | $137,000 | $960,000 |
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) | 50,744 | $10,417,870,000 | $205,000 | $41,005,000 | $122,000 | $9,389,000 |
| FHA-insured (Federal Housing Administration) | 13,202 | $3,494,460,000 | $264,000 | $43,005,000 | $89,000 | $6,398,000 |
| VA-guaranteed (Veterans Administration) | 8,935 | $2,965,025,000 | $331,000 | $3,705,000 | $108,000 | $3,306,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 512 | $39,180,000 | $76,000 | $625,000 | $73,000 | $179,000 |
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 | 36,356 | $8,869,240,000 | $243,000 | $43,005,000 | $122,000 | $6,075,000 |
| Application Denied By Financial Institution | 13,357 | $2,309,865,000 | $172,000 | $35,005,000 | $88,000 | $8,320,000 |
| Application Withdrawn By Applicant | 10,626 | $2,582,980,000 | $243,000 | $26,255,000 | $127,000 | $8,979,000 |
| Loan Purchased By The Institution | 5,688 | $1,774,560,000 | $311,000 | $1,655,000 | $135,000 | $1,585,000 |
| File Closed For Incompleteness | 4,987 | $876,275,000 | $175,000 | $4,495,000 | $106,000 | $9,389,000 |
| Application Approved But Not Accepted | 2,286 | $472,040,000 | $206,000 | $5,005,000 | $112,000 | $2,020,000 |
| Preapproval Approved but not Accepted | 71 | $25,755,000 | $362,000 | $1,985,000 | $247,000 | $6,000,000 |
| Preapproval Denied by Financial Institution | 22 | $5,820,000 | $264,000 | $655,000 | $100,000 | $297,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 58,479 | $14,295,205,000 | $244,000 | $43,005,000 | $121,000 | $9,389,000 |
| Debt-To-Income Ratio | 5,706 | $1,030,050,000 | $180,000 | $28,005,000 | $85,000 | $2,941,000 |
| Credit History | 3,835 | $532,765,000 | $138,000 | $2,205,000 | $88,000 | $8,320,000 |
| Credit Application Incomplete | 1,537 | $291,595,000 | $189,000 | $27,555,000 | $102,000 | $1,236,000 |
| Collateral | 1,519 | $297,115,000 | $195,000 | $35,005,000 | $111,000 | $1,936,000 |
| Other | 964 | $200,320,000 | $207,000 | $20,255,000 | $119,000 | $6,035,000 |
| Unverifiable Information | 675 | $117,845,000 | $174,000 | $1,005,000 | $99,000 | $3,475,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 525 | $122,545,000 | $233,000 | $1,815,000 | $105,000 | $960,000 |
| Employment History | 151 | $28,555,000 | $189,000 | $1,465,000 | $73,000 | $500,000 |
| Mortgage Insurance Denied | 2 | $540,000 | $270,000 | $285,000 | $40,000 | $80,000 |
Mortgage Loan Application Totals in 2024 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 | 38,013 | $ 8,861,695,000 | $ 233,000 | $ 116,000 |
| Farmington, NM | 3,281 | $ 599,165,000 | $ 182,000 | $ 96,000 |
| Las Cruces, NM | 8,374 | $ 1,790,910,000 | $ 213,000 | $ 100,000 |
| Santa Fe, NM | 5,344 | $ 2,002,530,000 | $ 374,000 | $ 162,000 |
Mortgage Loan Application Totals in 2024 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 | 24,793 | $ 5,750,435,000 | $ 231,000 | $ 119,000 |
| Catron | 116 | $ 20,080,000 | $ 173,000 | $ 95,000 |
| Chaves | 1,541 | $ 253,985,000 | $ 164,000 | $ 92,000 |
| Cibola | 402 | $ 54,710,000 | $ 136,000 | $ 78,000 |
| Colfax | 500 | $ 131,500,000 | $ 263,000 | $ 181,000 |
| Curry | 1,581 | $ 279,565,000 | $ 176,000 | $ 96,000 |
| De Baca | 27 | $ 2,565,000 | $ 95,000 | $ 74,000 |
| Dona Ana | 8,374 | $ 1,790,910,000 | $ 213,000 | $ 100,000 |
| Eddy | 2,159 | $ 497,565,000 | $ 230,000 | $ 116,000 |
| Grant | 728 | $ 121,330,000 | $ 166,000 | $ 86,000 |
| Guadalupe | 89 | $ 15,225,000 | $ 171,000 | $ 89,000 |
| Harding | 5 | $ 945,000 | $ 189,000 | $ 131,000 |
| Hidalgo | 50 | $ 5,610,000 | $ 112,000 | $ 72,000 |
| Lea | 2,153 | $ 412,215,000 | $ 191,000 | $ 104,000 |
| Lincoln | 889 | $ 235,365,000 | $ 264,000 | $ 156,000 |
| Los Alamos | 793 | $ 294,905,000 | $ 371,000 | $ 173,000 |
| Luna | 539 | $ 70,415,000 | $ 130,000 | $ 72,000 |
| McKinley | 819 | $ 109,745,000 | $ 133,000 | $ 81,000 |
| Mora | 82 | $ 13,840,000 | $ 168,000 | $ 95,000 |
| Otero | 2,197 | $ 409,695,000 | $ 186,000 | $ 90,000 |
| Quay | 173 | $ 20,845,000 | $ 120,000 | $ 86,000 |
| Rio Arriba | 775 | $ 175,445,000 | $ 226,000 | $ 115,000 |
| Roosevelt | 428 | $ 59,360,000 | $ 138,000 | $ 80,000 |
| San Juan | 3,281 | $ 599,165,000 | $ 182,000 | $ 96,000 |
| San Miguel | 613 | $ 112,175,000 | $ 182,000 | $ 92,000 |
| Sandoval | 8,755 | $ 2,244,595,000 | $ 256,000 | $ 120,000 |
| Santa Fe | 5,344 | $ 2,002,530,000 | $ 374,000 | $ 162,000 |
| Sierra | 412 | $ 61,930,000 | $ 150,000 | $ 96,000 |
| Socorro | 339 | $ 48,775,000 | $ 143,000 | $ 89,000 |
| Taos | 887 | $ 244,155,000 | $ 275,000 | $ 152,000 |
| Torrance | 726 | $ 113,100,000 | $ 155,000 | $ 92,000 |
| Union | 84 | $ 10,290,000 | $ 122,000 | $ 83,000 |
| Valencia | 3,739 | $ 753,565,000 | $ 201,000 | $ 91,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into New Mexico's 2024 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.
This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively.
Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of New Mexico's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.
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