New Mexico Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in New Mexico averaged
6.62%
for the week of 2025-04-03, compared to the national average of
6.64% for the same period.
The average rate for the prior week (2025-03-27) was
6.73% and
one month ago for the week of 2025-02-27, the
average rate was 7.04%.
New Mexico's average rate one year ago was 6.87%.
For refis of the same type during the week of 2025-04-03, the average rate
was 7.14%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-04-03 | 6.64% |
| New Mexico 30 Year Fixed Rate | 2025-04-03 | 6.62% |
| New Mexico 30 Year Fixed Rate Refi | 2025-04-03 | 7.14% |
| New Mexico 15 Year Fixed Rate | 2025-04-03 | 5.98% |
| New Mexico 15 Year Fixed Rate Refi | 2025-04-03 | 6.43% |
| New Mexico 30 Year FHA | 2025-04-03 | 6.2% |
| New Mexico 30 Year FHA Refi | 2025-04-03 | 6.08% |
| New Mexico 30 Year USDA | 2025-04-03 | 5.83% |
| New Mexico 30 Year USDA Refi | 2025-04-03 | 6.32% |
| New Mexico 30 Year VA | 2025-04-03 | 5.87% |
| New Mexico 30 Year VA Refi | 2025-04-03 | 5.58% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Mexico.
New Mexico Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the New Mexico market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
New Mexico Average Closing Costs & Other Stats
New Mexico's 298 lenders originated 36,025
loans during 2024. The total origination value was $8,948,305,000, with an average loan value of
$248,392.
New Mexico's average closing costs are $5,850.
The top New Mexico lender as defined by loan originations is QUICKEN LOANS, LLC, with
1,071 loans originated. Their average total fees are
$7,483, which is $1,289
higher than the next largest lender,
Waterstone Mortgage Corporation.
The lowest fee New Mexico lenders (with over 10 loans originated) are
Discover Bank ($0), HOMEAMERICAN MORTGAGE CORPORATION ($1,213), GUARANTEED RATE AFFINITY, LLC ($1,650), SIRVA MORTGAGE, INC. ($2,174) and PREMIA MORTGAGE, LLC ($2,594).
The lowest rate New Mexico lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION (5.31%), DHI MORTGAGE COMPANY, LTD. (5.77%), Charles Schwab Bank, SSB (5.87%), PULTE MORTGAGE LLC (5.93%) and Kirtland Federal Credit Union (6.01%).
New Mexico Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $399,920,000 | $607,130,000 | 51.8% | 6.8% |
| QUICKEN LOANS, LLC | $443,510,000 | $549,940,000 | 24.0% | 6.1% |
| GUILD MORTGAGE COMPANY | $263,790,000 | $454,905,000 | 72.4% | 5.1% |
| Waterstone Mortgage Corporation | $413,785,000 | $452,115,000 | 9.3% | 5.1% |
| NUSENDA | $279,255,000 | $266,135,000 | -4.7% | 3.0% |
| BOKF | $232,200,000 | $265,210,000 | 14.2% | 3.0% |
| SANDIA LABORATORY | $237,235,000 | $258,825,000 | 9.1% | 2.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $249,905,000 | $233,845,000 | -6.4% | 2.6% |
| Mortgage Research Center, LLC | $180,025,000 | $213,925,000 | 18.8% | 2.4% |
| CBRE MULTIFAMILY CAPITAL, INC. | $149,765,000 | $195,190,000 | 30.3% | 2.2% |
| JPMorgan Chase Bank | $83,540,000 | $160,700,000 | 92.4% | 1.8% |
| DHI MORTGAGE COMPANY, LTD. | $137,170,000 | $149,015,000 | 8.6% | 1.7% |
| FREEDOM MORTGAGE CORPORATION | $42,835,000 | $142,860,000 | 233.5% | 1.6% |
| CMG MORTGAGE, INC. | $93,645,000 | $136,310,000 | 45.6% | 1.5% |
| PULTE MORTGAGE LLC | $125,370,000 | $134,460,000 | 7.3% | 1.5% |
| NAVY FEDERAL CREDIT UNION | $113,905,000 | $122,095,000 | 7.2% | 1.4% |
| LOANDEPOT.COM, LLC | $107,220,000 | $118,400,000 | 10.4% | 1.3% |
| 21ST MORTGAGE CORPORATION | $102,410,000 | $113,005,000 | 10.3% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $76,100,000 | $106,900,000 | 40.5% | 1.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $79,225,000 | $105,295,000 | 32.9% | 1.2% |
| DIRECTORS MORTGAGE, INC. | $80,540,000 | $95,770,000 | 18.9% | 1.1% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $21,740,000 | $94,515,000 | 334.8% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $53,115,000 | $92,200,000 | 73.6% | 1.0% |
| Bell Bank | $68,620,000 | $87,420,000 | 27.4% | 1.0% |
| Citizens Bank of Las Cruces | $94,930,000 | $83,295,000 | -12.3% | 0.9% |
| MID AMERICA MORTGAGE, INC. | $64,665,000 | $79,575,000 | 23.1% | 0.9% |
| Century Mortgage Company DBA Century Lending Company | $62,065,000 | $79,445,000 | 28.0% | 0.9% |
| ORIX REAL ESTATE CAPITAL, LLC | $64,755,000 | $78,160,000 | 20.7% | 0.9% |
| Bank of America | $80,630,000 | $75,350,000 | -6.5% | 0.8% |
| Wells Fargo Bank | $97,190,000 | $70,720,000 | -27.2% | 0.8% |
| Sunflower Bank | $57,985,000 | $68,660,000 | 18.4% | 0.8% |
| USAA Federal Savings Bank | $61,665,000 | $67,805,000 | 10.0% | 0.8% |
| CALCON MUTUAL MORTGAGE LLC | $62,860,000 | $63,100,000 | 0.4% | 0.7% |
| U.S. Bank | $59,545,000 | $63,040,000 | 5.9% | 0.7% |
| Del Norte Credit Union | $50,630,000 | $62,615,000 | 23.7% | 0.7% |
| BROKER SOLUTIONS, INC. | $33,990,000 | $61,880,000 | 82.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $49,110,000 | $61,850,000 | 25.9% | 0.7% |
| Kirtland Federal Credit Union | $59,615,000 | $61,745,000 | 3.6% | 0.7% |
| HOMETRUST MORTGAGE COMPANY | $44,255,000 | $56,385,000 | 27.4% | 0.6% |
| CARDINAL FINANCIAL | $92,960,000 | $55,035,000 | -40.8% | 0.6% |
| GUARANTEED RATE, INC. | $92,210,000 | $53,755,000 | -41.7% | 0.6% |
| Nations Lending Corporation | $55,630,000 | $53,185,000 | -4.4% | 0.6% |
| Cedar Rapids Bank and Trust Company | $25,835,000 | $51,685,000 | 100.1% | 0.6% |
| NEWREZ LLC | $22,210,000 | $46,100,000 | 107.6% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $39,620,000 | $45,895,000 | 15.8% | 0.5% |
| Plains Commerce Bank | $40,150,000 | $43,705,000 | 8.9% | 0.5% |
| SANDIA AREA | $40,195,000 | $43,445,000 | 8.1% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $19,830,000 | $40,880,000 | 106.2% | 0.5% |
| Washington Federal Bank | $31,810,000 | $40,100,000 | 26.1% | 0.4% |
| Flagstar Bank, FSB | $51,940,000 | $40,050,000 | -22.9% | 0.4% |
| Gateway First Bank | $60,250,000 | $38,495,000 | -36.1% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $38,780,000 | $38,225,000 | -1.4% | 0.4% |
| WALKER & DUNLOP, LLC | $46,000,000 | $37,825,000 | -17.8% | 0.4% |
| U.S. EAGLE | $26,985,000 | $37,145,000 | 37.7% | 0.4% |
| Morgan Stanley Private Bank | $25,345,000 | $34,775,000 | 37.2% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $32,390,000 | $34,475,000 | 6.4% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $8,655,000 | $32,465,000 | 275.1% | 0.4% |
| STATE EMPLOYEES | $31,865,000 | $32,460,000 | 1.9% | 0.4% |
| NBKC BANK | $29,755,000 | $32,085,000 | 7.8% | 0.4% |
| BMO Harris Bank | $38,355,000 | $31,705,000 | -17.3% | 0.4% |
| Commerce Home Mortgage, Inc. | $44,765,000 | $29,660,000 | -33.7% | 0.3% |
| GENEVA FINANCIAL, LLC | $30,185,000 | $29,340,000 | -2.8% | 0.3% |
| HOMEAMERICAN MORTGAGE CORPORATION | $8,735,000 | $29,320,000 | 235.7% | 0.3% |
| First American Bank | $75,000 | $28,870,000 | 38,393.3% | 0.3% |
| V.I.P. MORTGAGE, INC. | $6,475,000 | $28,530,000 | 340.6% | 0.3% |
| GREYSTONE SERVICING COMPANY LLC | $28,240,000 | n/a | 0.3% | |
| LAKEVIEW LOAN SERVICING, LLC | $9,545,000 | $26,990,000 | 182.8% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $24,440,000 | $26,870,000 | 9.9% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $23,070,000 | $25,815,000 | 11.9% | 0.3% |
| Rocky Mountain Mortgage Company | $17,630,000 | $25,665,000 | 45.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $15,430,000 | $25,080,000 | 62.5% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $37,700,000 | $24,845,000 | -34.1% | 0.3% |
| CORNERSTONE HOME LENDING, INC. | $36,780,000 | $24,225,000 | -34.1% | 0.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $4,260,000 | $23,430,000 | 450.0% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $33,140,000 | $23,315,000 | -29.6% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $12,560,000 | $23,200,000 | 84.7% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $31,850,000 | $22,550,000 | -29.2% | 0.3% |
| MOUNTAIN AMERICA | $25,065,000 | $21,750,000 | -13.2% | 0.2% |
| PNC Bank | $29,000,000 | $21,130,000 | -27.1% | 0.2% |
| The Federal Savings Bank | $18,035,000 | $19,965,000 | 10.7% | 0.2% |
| Western Commerce Bank | $20,190,000 | $19,605,000 | -2.9% | 0.2% |
| RIO GRANDE | $22,035,000 | $19,260,000 | -12.6% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $11,995,000 | $19,125,000 | 59.4% | 0.2% |
| UNION HOME MORTGAGE CORP. | $33,555,000 | $18,475,000 | -44.9% | 0.2% |
| Enterprise Bank & Trust | $16,755,000 | $17,640,000 | 5.3% | 0.2% |
| Equity Prime Mortgage LLC | $10,550,000 | $17,060,000 | 61.7% | 0.2% |
| Discover Bank | $15,610,000 | $16,950,000 | 8.6% | 0.2% |
| BETTER MORTGAGE CORPORATION | $14,185,000 | $16,260,000 | 14.6% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $22,750,000 | $16,205,000 | -28.8% | 0.2% |
| The Citizens Bank | $10,285,000 | $16,010,000 | 55.7% | 0.2% |
| Prosperity Home Mortgage, LLC | $14,455,000 | $15,365,000 | 6.3% | 0.2% |
| MICHIGAN MUTUAL, INC. | $7,440,000 | $15,260,000 | 105.1% | 0.2% |
| VAN DYK MORTGAGE CORPORATION | $17,610,000 | $15,085,000 | -14.3% | 0.2% |
| Arbor Realty Trust, Inc. | $4,440,000 | $15,010,000 | 238.1% | 0.2% |
| LOANPAL, LLC | $13,045,000 | $14,880,000 | 14.1% | 0.2% |
| Carrington Mortgage Services, LLC | $15,325,000 | $14,670,000 | -4.3% | 0.2% |
| BAY EQUITY LLC | $17,075,000 | $14,260,000 | -16.5% | 0.2% |
| SOUTHWEST FUNDING, LP | $13,795,000 | n/a | 0.2% | |
| SUN WEST MORTGAGE COMPANY, INC. | $9,145,000 | $13,505,000 | 47.7% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $7,180,000 | $13,410,000 | 86.8% | 0.1% |
| Charles Schwab Bank, SSB | $8,610,000 | $13,385,000 | 55.5% | 0.1% |
| SUN AMERICAN MORTGAGE COMPANY | $9,835,000 | $13,250,000 | 34.7% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $22,890,000 | $13,170,000 | -42.5% | 0.1% |
| SUMMIT FUNDING, INC. | $3,735,000 | $12,160,000 | 225.6% | 0.1% |
| FirstLight Federal Credit Union | $9,515,000 | $12,040,000 | 26.5% | 0.1% |
| First-Citizens Bank & Trust Company | $9,390,000 | $11,805,000 | 25.7% | 0.1% |
| PLANET HOME LENDING, LLC | $5,355,000 | $11,775,000 | 119.9% | 0.1% |
| EVERETT FINANCIAL, INC. | $10,260,000 | $11,610,000 | 13.2% | 0.1% |
| City Bank | $20,980,000 | $11,560,000 | -44.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $9,500,000 | $11,495,000 | 21.0% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $3,185,000 | $11,345,000 | 256.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $5,660,000 | $10,765,000 | 90.2% | 0.1% |
| First Federal Bank | $2,370,000 | $10,755,000 | 353.8% | 0.1% |
| The Huntington National Bank | $13,535,000 | $10,640,000 | -21.4% | 0.1% |
| SIRVA MORTGAGE, INC. | $10,380,000 | $10,340,000 | -0.4% | 0.1% |
| First New Mexico Bank, Las Cruces | $13,670,000 | $10,280,000 | -24.8% | 0.1% |
| Figure Lending LLC | $9,795,000 | $9,695,000 | -1.0% | 0.1% |
| Wallick & Volk, Inc. | $13,745,000 | $9,650,000 | -29.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $7,880,000 | $9,325,000 | 18.3% | 0.1% |
| LENDSURE MORTGAGE CORP. | $5,485,000 | $9,065,000 | 65.3% | 0.1% |
| Zions Bank | $4,045,000 | $8,965,000 | 121.6% | 0.1% |
| The Central Trust Bank | $3,590,000 | $8,850,000 | 146.5% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $4,780,000 | $8,825,000 | 84.6% | 0.1% |
| First Financial Credit Union | $11,005,000 | $8,715,000 | -20.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $7,370,000 | $8,625,000 | 17.0% | 0.1% |
| Bank of Colorado | $5,940,000 | $8,590,000 | 44.6% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $7,560,000 | $8,465,000 | 12.0% | 0.1% |
| MidFirst Bank | $16,080,000 | $8,365,000 | -48.0% | 0.1% |
| GUADALUPE CREDIT UNION | $8,140,000 | $8,360,000 | 2.7% | 0.1% |
| Bank of the Southwest | $7,325,000 | $8,240,000 | 12.5% | 0.1% |
| Loan Simple, Inc. | $7,815,000 | $8,240,000 | 5.4% | 0.1% |
| UBS Bank USA | $7,035,000 | $8,165,000 | 16.1% | 0.1% |
| NEXERA HOLDING LLC | $1,685,000 | $8,065,000 | 378.6% | 0.1% |
| GECU | $7,950,000 | $8,000,000 | 0.6% | 0.1% |
| Citibank | $4,520,000 | $7,935,000 | 75.6% | 0.1% |
| Goldwater Bank, N.A. | $7,005,000 | $7,925,000 | 13.1% | 0.1% |
| ENVOY MORTGAGE, LTD | $430,000 | $7,810,000 | 1,716.3% | 0.1% |
| MORIA DEVELOPMENT, INC. | $1,775,000 | $7,790,000 | 338.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,745,000 | $7,785,000 | 346.1% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,135,000 | $7,575,000 | 567.4% | 0.1% |
| Ally Bank | $5,900,000 | $7,405,000 | 25.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $8,515,000 | $7,345,000 | -13.7% | 0.1% |
| CLEARPATH LENDING | $4,450,000 | $7,130,000 | 60.2% | 0.1% |
| Servion, Inc. | $4,500,000 | $6,970,000 | 54.9% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $6,650,000 | $6,965,000 | 4.7% | 0.1% |
| The Loan Store, Inc. | $6,935,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $8,710,000 | $6,855,000 | -21.3% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $3,435,000 | $6,845,000 | 99.3% | 0.1% |
| Hometown Equity Mortgage, LLC | $1,930,000 | $6,740,000 | 249.2% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $1,955,000 | $6,605,000 | 237.9% | 0.1% |
| Armed Forces Bank | $8,195,000 | $6,405,000 | -21.8% | 0.1% |
| Stifel Bank and Trust | $4,590,000 | $6,325,000 | 37.8% | 0.1% |
| ALLIANT CREDIT UNION | $1,490,000 | $6,290,000 | 322.1% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,400,000 | $6,285,000 | 84.9% | 0.1% |
| Citadel Servicing Corporation | $2,155,000 | $6,285,000 | 191.6% | 0.1% |
| White Sands Federal Credit Union | $8,175,000 | $6,275,000 | -23.2% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $225,000 | $6,225,000 | 2,666.7% | 0.1% |
| LOANPEOPLE, LLC | $400,000 | $6,040,000 | 1,410.0% | 0.1% |
| Magnolia Bank | $6,385,000 | $5,945,000 | -6.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $3,615,000 | $5,920,000 | 63.8% | 0.1% |
| Coastal Community Bank | $5,335,000 | $5,910,000 | 10.8% | 0.1% |
| Farm Credit Mid-America, ACA | $685,000 | $5,830,000 | 751.1% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $3,075,000 | $5,725,000 | 86.2% | 0.1% |
| NexBank | $2,275,000 | $5,615,000 | 146.8% | 0.1% |
| Pioneer Bank | $5,550,000 | $5,450,000 | -1.8% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $8,775,000 | $5,325,000 | -39.3% | 0.1% |
| Pinnacle Bank | $105,000 | $5,160,000 | 4,814.3% | 0.1% |
| PHH Mortgage Corporation | $4,400,000 | $5,065,000 | 15.1% | 0.1% |
| INTERCAP LENDING INC. | $1,660,000 | $5,030,000 | 203.0% | 0.1% |
| Northpointe Bank | $4,890,000 | $4,925,000 | 0.7% | 0.1% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $4,895,000 | n/a | 0.1% | |
| TOP FLITE FINANCIAL, INC. | $2,325,000 | $4,810,000 | 106.9% | 0.1% |
| DAS Acquisition Company, LLC | $5,090,000 | $4,785,000 | -6.0% | 0.1% |
| First Savings Bank | $1,490,000 | $4,645,000 | 211.7% | 0.1% |
| NBH Bank | $32,220,000 | $4,575,000 | -85.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $8,940,000 | $4,565,000 | -48.9% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $4,865,000 | $4,510,000 | -7.3% | 0.1% |
| GARDNER FINANCIAL SERVICES, LTD. | $1,920,000 | $4,470,000 | 132.8% | 0.0% |
| Raymond James Bank | $4,915,000 | $4,465,000 | -9.2% | 0.0% |
| JMAC LENDING, INC. | $4,460,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $6,465,000 | $4,445,000 | -31.2% | 0.0% |
| OCMBC, INC. | $5,640,000 | $4,365,000 | -22.6% | 0.0% |
| LENDINGONE, LLC | $3,735,000 | $4,260,000 | 14.1% | 0.0% |
| KeyBank | $2,410,000 | $4,210,000 | 74.7% | 0.0% |
| Truist | $4,015,000 | $4,155,000 | 3.5% | 0.0% |
| POLARIS HOME FUNDING CORP. | $3,515,000 | $4,145,000 | 17.9% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $225,000 | $4,145,000 | 1,742.2% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $10,975,000 | $4,010,000 | -63.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $3,510,000 | $4,000,000 | 14.0% | 0.0% |
| S1L, Inc. | $2,865,000 | $3,925,000 | 37.0% | 0.0% |
| EL PASO AREA TEACHERS | $1,015,000 | $3,780,000 | 272.4% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $1,435,000 | $3,625,000 | 152.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $4,510,000 | $3,550,000 | -21.3% | 0.0% |
| SPRING EQ, LLC | $2,860,000 | $3,520,000 | 23.1% | 0.0% |
| COUNTRYPLACE MORTGAGE, LTD. | $2,290,000 | $3,495,000 | 52.6% | 0.0% |
| Farmers Bank & Trust | $3,670,000 | $3,450,000 | -6.0% | 0.0% |
| VERITAS FUNDING, LLC | $2,690,000 | $3,445,000 | 28.1% | 0.0% |
| CADENCE LENDING GROUP, INC. | $2,095,000 | $3,380,000 | 61.3% | 0.0% |
| BAYSHORE MORTGAGE FUNDING, LLC | $3,360,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $2,985,000 | $3,335,000 | 11.7% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $5,375,000 | $3,310,000 | -38.4% | 0.0% |
| North American Savings Bank, F.S.B. | $1,950,000 | $3,300,000 | 69.2% | 0.0% |
| PANORAMA MORTGAGE GROUP, LLC | $3,255,000 | n/a | 0.0% | |
| First National Bank Texas | $2,540,000 | $3,095,000 | 21.9% | 0.0% |
| READYCAP COMMERCIAL, LLC | $6,540,000 | $3,075,000 | -53.0% | 0.0% |
| AMERICA FIRST | $1,000,000 | $2,950,000 | 195.0% | 0.0% |
| RCN Capital, LLC | $2,805,000 | $2,930,000 | 4.5% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,895,000 | n/a | 0.0% | |
| M&T Bank | $2,920,000 | $2,890,000 | -1.0% | 0.0% |
| Quontic Bank | $480,000 | $2,840,000 | 491.7% | 0.0% |
| SpiritBank | $2,795,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $2,750,000 | $2,780,000 | 1.1% | 0.0% |
| UNION SQUARE | $495,000 | $2,780,000 | 461.6% | 0.0% |
| CHEVRON | $1,695,000 | $2,765,000 | 63.1% | 0.0% |
| TIB The Independent Bankersbank | $2,780,000 | $2,740,000 | -1.4% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $3,410,000 | $2,725,000 | -20.1% | 0.0% |
| Bank of Whittier | $1,540,000 | $2,695,000 | 75.0% | 0.0% |
| Bethpage Federal Credit Union | $845,000 | $2,655,000 | 214.2% | 0.0% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,940,000 | $2,605,000 | 34.3% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $1,005,000 | $2,605,000 | 159.2% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $2,540,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $1,800,000 | $2,455,000 | 36.4% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $155,000 | $2,435,000 | 1,471.0% | 0.0% |
| First Western Trust Bank | $2,405,000 | n/a | 0.0% | |
| Performance Financial, Inc. | $295,000 | $2,375,000 | 705.1% | 0.0% |
| ANCHOR LOANS, LP | $1,080,000 | $2,355,000 | 118.1% | 0.0% |
| Prosperity Bank | $765,000 | $2,250,000 | 194.1% | 0.0% |
| TEXAS TECH | $3,415,000 | $2,220,000 | -35.0% | 0.0% |
| Texana Bank | $2,180,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $2,160,000 | n/a | 0.0% | |
| ARC HOME LLC | $2,330,000 | $2,115,000 | -9.2% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $2,155,000 | $2,105,000 | -2.3% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $2,115,000 | $2,075,000 | -1.9% | 0.0% |
| NFM, INC. | $2,065,000 | $2,055,000 | -0.5% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $560,000 | $2,050,000 | 266.1% | 0.0% |
| Flanagan State Bank | $565,000 | $2,035,000 | 260.2% | 0.0% |
| MORTGAGEONE, INC. | $1,955,000 | $2,010,000 | 2.8% | 0.0% |
| DIRECTIONS EQUITY, LLC | $1,890,000 | $1,980,000 | 4.8% | 0.0% |
| Luxury Mortgage Corp. | $1,950,000 | n/a | 0.0% | |
| Citizens Bank | $1,135,000 | $1,940,000 | 70.9% | 0.0% |
| LIMA ONE CAPITAL, LLC | $4,695,000 | $1,925,000 | -59.0% | 0.0% |
| Peoples Bank | $605,000 | $1,855,000 | 206.6% | 0.0% |
| DIGITAL Federal Credit Union | $415,000 | $1,815,000 | 337.3% | 0.0% |
| Great Plains National Bank | $1,810,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $1,770,000 | n/a | 0.0% | |
| AAXY L.L.C. | $325,000 | $1,755,000 | 440.0% | 0.0% |
| MERITRUST Federal Credit Union | $1,725,000 | n/a | 0.0% | |
| Ameris Bank | $685,000 | $1,670,000 | 143.8% | 0.0% |
| First Federal Bank of Louisiana | $1,665,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $1,635,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $1,105,000 | $1,615,000 | 46.2% | 0.0% |
| Chickasaw Community Bank | $2,045,000 | $1,610,000 | -21.3% | 0.0% |
| State Department Federal Credit Union | $1,610,000 | n/a | 0.0% | |
| First Horizon Bank | $1,565,000 | $1,535,000 | -1.9% | 0.0% |
| SWBC MORTGAGE CORPORATION | $1,425,000 | $1,530,000 | 7.4% | 0.0% |
| First Financial Bank | $3,520,000 | $1,505,000 | -57.2% | 0.0% |
| Ixonia Bank | $1,035,000 | $1,490,000 | 44.0% | 0.0% |
| RANLIFE, INC. | $2,500,000 | $1,490,000 | -40.4% | 0.0% |
| Spring Hill State Bank | $1,465,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $1,445,000 | n/a | 0.0% | |
| NP, Inc. | $195,000 | $1,390,000 | 612.8% | 0.0% |
| LRS FINANCIAL NETWORK, INC. | $940,000 | $1,380,000 | 46.8% | 0.0% |
| First United Bank and Trust Company | $2,235,000 | $1,350,000 | -39.6% | 0.0% |
| Old National Bank | $875,000 | $1,310,000 | 49.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $2,550,000 | $1,275,000 | -50.0% | 0.0% |
| STANFORD Federal Credit Union | $365,000 | $1,275,000 | 249.3% | 0.0% |
| Leader Bank | $635,000 | $1,240,000 | 95.3% | 0.0% |
| First Savings Bank | $1,490,000 | $1,210,000 | -18.8% | 0.0% |
| TBK BANK, SSB | $1,185,000 | $1,205,000 | 1.7% | 0.0% |
| RESIDENTIAL BANCORP | $600,000 | $1,180,000 | 96.7% | 0.0% |
| BELEM SERVICING LLC | $130,000 | $1,145,000 | 780.8% | 0.0% |
| FBC MORTGAGE, LLC | $2,035,000 | $1,145,000 | -43.7% | 0.0% |
| West Gate Bank | $815,000 | $1,105,000 | 35.6% | 0.0% |
| BM Real Estate Services, Inc. | $610,000 | $1,085,000 | 77.9% | 0.0% |
| T2 FINANCIAL LLC | $770,000 | $1,070,000 | 39.0% | 0.0% |
| MEMBER HOME LOAN, L.L.C. | $1,035,000 | n/a | 0.0% | |
| WILLOW BEND MORTGAGE COMPANY, LLC | $3,135,000 | $1,030,000 | -67.1% | 0.0% |
| Progressive Bank | $1,025,000 | n/a | 0.0% | |
| American National Bank & Trust | $1,160,000 | $1,010,000 | -12.9% | 0.0% |
| BECKAM FUNDING CORP. | $1,405,000 | $985,000 | -29.9% | 0.0% |
| Amarillo National Bank | $2,480,000 | $980,000 | -60.5% | 0.0% |
| Cornerstone First Mortgage, Inc | $465,000 | $975,000 | 109.7% | 0.0% |
| Watermark Capital, Inc. | $880,000 | $970,000 | 10.2% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $650,000 | $960,000 | 47.7% | 0.0% |
| Merchants Mortgage & Trust Corporation | $930,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $340,000 | $915,000 | 169.1% | 0.0% |
| First National Bank of America | $705,000 | $900,000 | 27.7% | 0.0% |
| Mid-Continent Funding, Inc. | $1,815,000 | $900,000 | -50.4% | 0.0% |
| Western State Bank | $890,000 | n/a | 0.0% | |
| Network Funding, L.P. | $125,000 | $880,000 | 604.0% | 0.0% |
| Independent Bank | $235,000 | $865,000 | 268.1% | 0.0% |
| ASSEMBLIES OF GOD Credit Union | $965,000 | $850,000 | -11.9% | 0.0% |
| FIRST TECHNOLOGY | $1,320,000 | $845,000 | -36.0% | 0.0% |
| OAKTREE FUNDING CORP. | $275,000 | $840,000 | 205.5% | 0.0% |
| Glacier Bank | $825,000 | n/a | 0.0% | |
| ADVANCIAL | $1,380,000 | $810,000 | -41.3% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $810,000 | n/a | 0.0% | |
| Stride Bank | $810,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $375,000 | $800,000 | 113.3% | 0.0% |
| LADERA LENDING, INC. | $290,000 | $795,000 | 174.1% | 0.0% |
| MORTGAGE ACCESS CORP. | $755,000 | n/a | 0.0% | |
| Texas State Bank | $755,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $930,000 | $750,000 | -19.4% | 0.0% |
| Home Mortgage Alliance Corp | $730,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $1,945,000 | $725,000 | -62.7% | 0.0% |
| First State Bank | $17,815,000 | $720,000 | -96.0% | 0.0% |
| Presidential Bank, FSB | $995,000 | $715,000 | -28.1% | 0.0% |
| Princeton Mortgage Corporation | $660,000 | $715,000 | 8.3% | 0.0% |
| Firefighters First Federal Credit Union | $375,000 | $710,000 | 89.3% | 0.0% |
| American Bank of Commerce | $705,000 | n/a | 0.0% | |
| Goldman Sachs Bank USA | $4,055,000 | $685,000 | -83.1% | 0.0% |
| Fifth Third Bank | $505,000 | $675,000 | 33.7% | 0.0% |
| Northwest Federal Credit Union | $460,000 | $660,000 | 43.5% | 0.0% |
| Axos Bank | $1,670,000 | $655,000 | -60.8% | 0.0% |
| The First National Bank of McGregor | $655,000 | n/a | 0.0% | |
| CANVAS CREDIT UNION | $650,000 | n/a | 0.0% | |
| PlainsCapital Bank | $630,000 | n/a | 0.0% | |
| First National Bank | $355,000 | $625,000 | 76.1% | 0.0% |
| Baxter Credit Union | $395,000 | $620,000 | 57.0% | 0.0% |
| DIRECT MORTGAGE, CORP. | $620,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $620,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $195,000 | $620,000 | 217.9% | 0.0% |
| COMMUNITYAMERICA | $615,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $180,000 | $615,000 | 241.7% | 0.0% |
| Affiliated Bank | $605,000 | n/a | 0.0% | |
| Regions Bank | $29,990,000 | $600,000 | -98.0% | 0.0% |
| Deseret First Credit Union | $810,000 | $580,000 | -28.4% | 0.0% |
| MORTGAGE MANAGEMENT CONSULTANTS, INC. | $580,000 | n/a | 0.0% | |
| CITY-COUNTY CREDIT UNION | $100,000 | $575,000 | 475.0% | 0.0% |
| Worthington National Bank | $565,000 | n/a | 0.0% | |
| BNY Mellon | $5,405,000 | $555,000 | -89.7% | 0.0% |
| ENCORE BANK | $1,110,000 | $545,000 | -50.9% | 0.0% |
| Southside Bank | $545,000 | n/a | 0.0% | |
| Wyoming Bank & Trust | $545,000 | n/a | 0.0% | |
| Logan Finance Corporation | $1,955,000 | $540,000 | -72.4% | 0.0% |
| Commerce Bank | $315,000 | $535,000 | 69.8% | 0.0% |
| A&D Mortgage LLC | $525,000 | n/a | 0.0% | |
| Arvest Bank | $1,625,000 | $525,000 | -67.7% | 0.0% |
| EASTMAN | $485,000 | $520,000 | 7.2% | 0.0% |
| Paramount Bank | $1,455,000 | $510,000 | -64.9% | 0.0% |
| City National Bank | $175,000 | $505,000 | 188.6% | 0.0% |
| Wilmington Savings Fund Society, FSB | $505,000 | n/a | 0.0% | |
| First United Bank | $4,205,000 | $495,000 | -88.2% | 0.0% |
| SKYONE Federal Credit Union | $495,000 | n/a | 0.0% | |
| Cache Valley Bank | $490,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $175,000 | $490,000 | 180.0% | 0.0% |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $440,000 | $490,000 | 11.4% | 0.0% |
| EMERY FEDERAL CREDIT UNION | $485,000 | n/a | 0.0% | |
| FRANKLIN MINT | $485,000 | n/a | 0.0% | |
| Granite Community Bank | $485,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $480,000 | n/a | 0.0% | |
| Grinnell State Bank | $465,000 | n/a | 0.0% | |
| Pinnacle Bank | $105,000 | $465,000 | 342.9% | 0.0% |
| OPEN MORTGAGE, LLC | $125,000 | $460,000 | 268.0% | 0.0% |
| The First National Bank of Anson | $455,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $415,000 | $455,000 | 9.6% | 0.0% |
| RBC Bank, (Georgia) | $455,000 | $445,000 | -2.2% | 0.0% |
| THE MORTGAGE LINK, INC. | $295,000 | $440,000 | 49.2% | 0.0% |
| Greenville National Bank | $435,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $425,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $1,345,000 | $425,000 | -68.4% | 0.0% |
| TOWER | $175,000 | $425,000 | 142.9% | 0.0% |
| Comerica Bank | $400,000 | n/a | 0.0% | |
| Florida Capital Bank | $400,000 | n/a | 0.0% | |
| MOUNTAIN WEST FINANCIAL, INC. | $395,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $395,000 | n/a | 0.0% | |
| Stock Yards Bank & Trust Company | $395,000 | n/a | 0.0% | |
| COREVEST AMERICAN FINANCE LENDER LLC | $390,000 | n/a | 0.0% | |
| Access Community Credit Union | $970,000 | $385,000 | -60.3% | 0.0% |
| Brighton Bank | $790,000 | $385,000 | -51.3% | 0.0% |
| FIDELITY BANK | $630,000 | $385,000 | -38.9% | 0.0% |
| HOMESTEAD FUNDING CORP. | $855,000 | $385,000 | -55.0% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $405,000 | $385,000 | -4.9% | 0.0% |
| Northwest Bank | $285,000 | $385,000 | 35.1% | 0.0% |
| SouthStar Bank, S.S.B. | $385,000 | n/a | 0.0% | |
| Security First Bank | $375,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $1,245,000 | $365,000 | -70.7% | 0.0% |
| Franklin Loan Corporation | $1,295,000 | $365,000 | -71.8% | 0.0% |
| POINT Mortgage | $285,000 | $365,000 | 28.1% | 0.0% |
| Encompass Lending Group, LP | $355,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $965,000 | $355,000 | -63.2% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $155,000 | $355,000 | 129.0% | 0.0% |
| SeaTrust Mortgage Company | $355,000 | n/a | 0.0% | |
| Alliance Credit Union | $345,000 | n/a | 0.0% | |
| Western Bank | $345,000 | n/a | 0.0% | |
| Great Southern Bank | $1,070,000 | $335,000 | -68.7% | 0.0% |
| Core Bank | $315,000 | $315,000 | 0.0% | 0.0% |
| Heritage Bank | $675,000 | $315,000 | -53.3% | 0.0% |
| Origin Bank | $665,000 | $315,000 | -52.6% | 0.0% |
| STAR ONE CREDIT UNION | $725,000 | $310,000 | -57.2% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $305,000 | n/a | 0.0% | |
| Texas Regional Bank | $655,000 | $305,000 | -53.4% | 0.0% |
| Simmons Bank | $840,000 | $295,000 | -64.9% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $275,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $1,710,000 | $275,000 | -83.9% | 0.0% |
| WESTERN VISTA | $275,000 | n/a | 0.0% | |
| Town Square Mortgage & Investments, Inc. | $470,000 | $265,000 | -43.6% | 0.0% |
| UMB Bank | $1,280,000 | $265,000 | -79.3% | 0.0% |
| CrossFirst Bank | $95,000 | $245,000 | 157.9% | 0.0% |
| RESIDENTIAL MORTGAGE, LLC | $245,000 | n/a | 0.0% | |
| SERVICE FIRST FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| The First National Bank of Granbury | $245,000 | n/a | 0.0% | |
| Wellington State Bank | $245,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $240,000 | n/a | 0.0% | |
| Centennial Bank | $95,000 | $235,000 | 147.4% | 0.0% |
| General Mortgage Capital Corporation | $235,000 | n/a | 0.0% | |
| KINECTA | $195,000 | $235,000 | 20.5% | 0.0% |
| Old Second National Bank | $225,000 | n/a | 0.0% | |
| Herring Bank | $215,000 | n/a | 0.0% | |
| HONDA Federal Credit Union | $215,000 | n/a | 0.0% | |
| First American Bank | $75,000 | $205,000 | 173.3% | 0.0% |
| First Home Bank | $205,000 | n/a | 0.0% | |
| FOUR POINTS | $35,000 | $205,000 | 485.7% | 0.0% |
| THRIVENT Federal Credit Union | $305,000 | $205,000 | -32.8% | 0.0% |
| Valley National Bank | $205,000 | n/a | 0.0% | |
| The Park National Bank | $195,000 | n/a | 0.0% | |
| BancorpSouth | $945,000 | $185,000 | -80.4% | 0.0% |
| Bank of England | $3,660,000 | $185,000 | -94.9% | 0.0% |
| COLUMBIA COMMUNITY CREDIT UNION | $630,000 | $185,000 | -70.6% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $615,000 | $185,000 | -69.9% | 0.0% |
| The Bank of Herrin | $185,000 | n/a | 0.0% | |
| Eagle Bank and Trust Company | $335,000 | $175,000 | -47.8% | 0.0% |
| First Option Mortgage, LLC | $845,000 | $175,000 | -79.3% | 0.0% |
| Merchants Bank of Indiana | $175,000 | n/a | 0.0% | |
| Bank of DeSoto | $165,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $215,000 | $165,000 | -23.3% | 0.0% |
| Equity Bank | $55,000 | $160,000 | 190.9% | 0.0% |
| First Community Bank | $155,000 | n/a | 0.0% | |
| TRUWEST Credit Union | $155,000 | n/a | 0.0% | |
| Willamette Valley Bank | $870,000 | $155,000 | -82.2% | 0.0% |
| Service Federal Credit Union | $650,000 | $140,000 | -78.5% | 0.0% |
| EVOLVE | $705,000 | $135,000 | -80.9% | 0.0% |
| BLACK HILLS FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| Community First National Bank | $505,000 | $125,000 | -75.2% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $65,000 | $125,000 | 92.3% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| FirstBank Southwest | $175,000 | $115,000 | -34.3% | 0.0% |
| Secured Investment Corp. | $725,000 | $115,000 | -84.1% | 0.0% |
| Allied First Bank,sb | $105,000 | n/a | 0.0% | |
| CREDIT UNION OF COLORADO, A FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Fidelity Bank | $700,000 | $85,000 | -87.9% | 0.0% |
| Actors Federal Credit Union | $65,000 | n/a | 0.0% | |
| AERO Federal Credit Union | $65,000 | n/a | 0.0% | |
| AMERICAN FIRST | $55,000 | n/a | 0.0% | |
| Cf Bank | $55,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $15,000 | $55,000 | 266.7% | 0.0% |
| AGRICULTURE Federal Credit Union | $45,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $115,000 | $45,000 | -60.9% | 0.0% |
| NuVision Federal Credit Union | $45,000 | n/a | 0.0% |
New Mexico's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.8% market share. In second place, with 6.1%, is QUICKEN LOANS, LLC, having originated $549,940,000 in loans. In third place, with 5.1%, is GUILD MORTGAGE COMPANY, having originated $454,905,000 in loans. In fourth place, with 5.1%, is Waterstone Mortgage Corporation, having originated $452,115,000 in loans. In fifth place, with 3.0%, is NUSENDA, having originated $266,135,000 in loans.
New Mexico Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 22,500 | $6,119,960,000 | $271,998 |
| Cash Out Refi | 4,717 | $950,095,000 | $201,419 |
| Refi | 3,438 | $1,318,220,000 | $383,426 |
| Other | 3,093 | $336,105,000 | $108,666 |
| Home Improvement | 2,269 | $221,235,000 | $97,503 |
| NA | 8 | $2,690,000 | $336,250 |
New Mexico's most frequently cited loan purpose was Home Purchase, with 22,500 originations. The 2nd most popular reason was Cash Out Refi, with 4,717 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 13,298 | $3,858,570,000 | $290,162 |
| Over 8% | 6,966 | $708,360,000 | $101,688 |
| 7-8% | 6,887 | $1,662,275,000 | $241,364 |
| 5-6% | 5,440 | $2,115,350,000 | $388,851 |
| <2.5% | 1,105 | $20,725,000 | $18,756 |
| 4-5% | 771 | $272,775,000 | $353,794 |
| 2.5-3% | 100 | $20,540,000 | $205,400 |
| 3-4% | 89 | $25,355,000 | $284,888 |
During 2024, New Mexico's most frequently originated rate bucket was 6-7%, with 13,298 originations.
Loan Sizing (New Mexico MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 14,659 | $4,223,985,000 | $288,150 |
| $100,000 or less | 9,547 | $406,555,000 | $42,585 |
| $100k-200k | 7,082 | $1,056,890,000 | $149,236 |
| $400k-600k | 3,459 | $1,640,815,000 | $474,361 |
| $600k-1000k | 1,041 | $740,445,000 | $711,282 |
| $Over $1MM | 237 | $879,615,000 | $3,711,456 |
New Mexico's loan sizing saw the bucket of loans from $200k-400k with 14,659 originations, totaling $4,223,985,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 14,563 | $4,531,415,000 | $311,159 |
| Under 20% | 6,791 | $258,185,000 | $38,019 |
| 60-80% | 6,101 | $2,159,515,000 | $353,961 |
| 20-40% | 3,060 | $391,880,000 | $128,065 |
| 40-60% | 2,679 | $787,645,000 | $294,007 |
| Over 100% | 859 | $330,165,000 | $384,360 |
New Mexico's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 14,563 originations, totaling $4,531,415,000 in origination value.