Mortgage Approval and Denial Rates in New Mexico (2025 HMDA)
Mortgage denial rates in New Mexico: lenders acted on 73,180 mortgage applications in New Mexico in 2025 and denied 18.5% of them, down from 19.7% in 2024. The national denial rate was 17.7%.
Applications acted on
73,180
Loans originated
39,201
Denial rate
18.5%
Median loan
$205,000
New Mexico against the national picture
Most-reported denial reason in New Mexico: Credit history.
Counties ranked by denial rate
| County | Applications | Denial rate | Median loan |
|---|---|---|---|
| Mora County | 108 | 46.3% | $155,000 |
| Union County | 114 | 43.0% | $115,000 |
| Cibola County | 415 | 40.0% | $95,000 |
| McKinley County | 934 | 38.8% | $115,000 |
| Quay County | 157 | 29.9% | $105,000 |
| San Miguel County | 686 | 27.8% | $145,000 |
| Torrance County | 845 | 26.2% | $155,000 |
| Lea County | 1,887 | 25.6% | $175,000 |
| Rio Arriba County | 817 | 24.4% | $215,000 |
| Taos County | 1,041 | 23.3% | $245,000 |
| San Juan County | 3,373 | 23.1% | $175,000 |
| Colfax County | 460 | 22.8% | $175,000 |
| Lincoln County | 852 | 22.7% | $215,000 |
| Luna County | 568 | 22.2% | $135,000 |
| Sierra County | 395 | 21.5% | $145,000 |
| Eddy County | 2,167 | 21.4% | $195,000 |
| Grant County | 694 | 21.0% | $155,000 |
| Socorro County | 290 | 20.7% | $145,000 |
| Doña Ana County | 7,719 | 19.7% | $205,000 |
| Roosevelt County | 410 | 19.5% | $145,000 |
| Valencia County | 3,669 | 19.1% | $205,000 |
| Chaves County | 1,674 | 18.9% | $155,000 |
| Otero County | 2,364 | 18.2% | $175,000 |
| Santa Fe County | 5,731 | 18.0% | $285,000 |
| Curry County | 1,495 | 17.5% | $175,000 |
| Sandoval County | 8,599 | 15.3% | $255,000 |
| Bernalillo County | 24,685 | 15.2% | $215,000 |
| Los Alamos County | 785 | 11.1% | $375,000 |
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Reading these numbers
The denial rate counts applications the lender acted on, so withdrawn files do not inflate it. A high rate does not automatically mean strict lenders: counties with many first-time or lower-income applicants tend to show higher denial rates because of debt-to-income and credit-history thresholds, which are the two reasons lenders report most often. Median loan amount and median applicant income are computed from the same application records, so they describe who is applying — not who ends up buying.
Source: Consumer Financial Protection Bureau, HMDA Data Browser (2025 loan application register). Latest observation 2026-08-23.