New Mexico

Today's New Mexico (NM) Mortgage Rates

New Mexico (NM) Mortgage Rates & Mortgage Loan Data – Prior Year

  • Loan originated: 428,181
  • Application denied by financial institution: 198,561
  • Loan purchased by the institution: 165,639
  • Application withdrawn by applicant: 96,756
  • Application approved but not accepted: 53,632
  • File closed for incompleteness: 30,393
  • Preapproval request denied by financial institution: 114
  • Preapproval request approved but not accepted: 6

  • Refinancing: 564,821
  • Home purchase: 344,538
  • Home improvement: 63,923

  • Conventional: 699,158
  • FHA-insured: 191,139
  • VA-guaranteed: 77,107
  • FSA/RHS-guaranteed: 5,878

  • White: 714,657
  • Information not provided by applicant in mail, Internet, or telephone application: 122,544
  • Not applicable: 78,046
  • American Indian or Alaska Native: 26,896
  • Asian: 14,319
  • Black or African American: 13,605
  • Native Hawaiian or Other Pacific Islander: 3,215

  • Not Hispanic or Latino: 507,094
  • Hispanic or Latino: 288,067
  • Information not provided by applicant in mail, Internet, or telephone application: 99,921
  • Not applicable: 78,200

  • Male: 568,386
  • Female: 266,013
  • Not applicable: 78,076
  • Information not provided by applicant in mail, Internet, or telephone application: 60,807

  • Department of Housing and Urban Development: 309,415
  • Office of the Comptroller of the Currency: 204,288
  • Consumer Financial Protection Bureau: 183,952
  • Federal Reserve System: 83,701
  • Office of Thrift Supervision: 78,474
  • Federal Deposit Insurance Corporation: 60,476
  • National Credit Union Administration: 52,976

  • Bernalillo County: 381,923
  • Sandoval County: 101,328
  • Dońa Ana County: 89,254
  • Santa Fe County: 88,114
  • San Juan County: 43,086
  • Valencia County: 36,724
  • Otero County: 23,941
  • Chaves County: 22,012
  • Eddy County: 21,794
  • Lea County: 19,882
  • Curry County: 19,648
  • Taos County: 14,602
  • Lincoln County: 12,955
  • Rio Arriba County: 11,173
  • Los Alamos County: 10,290
  • McKinley County: 9,727
  • San Miguel County: 8,813
  • Grant County: 8,452
  • Luna County: 7,880
  • Colfax County: 6,046
  • Roosevelt County: 5,464
  • Unknown: 5,430
  • Torrance County: 5,242
  • Cibola County: 4,510
  • Socorro County: 4,181
  • Sierra County: 4,165
  • Quay County: 1,676
  • Union County: 1,043
  • Mora County: 962
  • Catron County: 876
  • Guadalupe County: 854
  • Hidalgo County: 807
  • De Baca County: 342
  • Harding County: 86

  • Albuquerque – NM: 524,044
  • Unknown: 229,463
  • Las Cruces – NM: 89,099
  • Santa Fe – NM: 87,917
  • Farmington – NM: 42,759

  • Unknown: 839,129
  • Credit history: 39,071
  • Collateral: 28,928
  • Debt-to-income ratio: 27,866
  • Other: 14,922
  • Credit application incomplete: 13,171
  • Unverifiable information: 5,520
  • Insufficient cash (downpayment, closing costs): 2,701
  • Employment history: 1,777
  • Mortgage insurance denied: 197

  • Not a HOEPA loan: 973,054
  • HOEPA loan: 228

  • Secured by a first lien: 738,762
  • Not applicable: 165,639
  • Secured by a subordinate lien: 48,034
  • Not secured by a lien: 20,847

  • Owner-occupied as a principal dwelling: 870,350
  • Not owner-occupied as a principal dwelling: 99,972
  • Not applicable: 2,960

  • One-to-four family dwelling (other than manufactured housing): 906,786
  • Manufactured housing: 65,466
  • Multifamily dwelling: 1,030

  • Loan was not originated or was not sold in calendar year covered by register: 507,491
  • Fannie Mae (FNMA): 132,442
  • Ginnie Mae (GNMA): 94,848
  • Freddie Mac (FHLMC): 66,952
  • Other type of purchaser: 48,680
  • Commercial bank, savings bank or savings association: 40,294
  • Affiliate institution: 39,751
  • Life insurance company, credit union, mortgage bank, or finance company: 37,839
  • Private securitization: 4,978
  • Farmer Mac (FAMC): 7