New Mexico’s FHA denial rate in 2025 was 22.0% across 9,411 decisioned applications — ranking #26 of 52 states. Among high-volume lenders, the lowest observed denial rate was Waterstone Mortgage Corporation at 4.6%; the highest was Amerisave Mortgage Company at 79.6%. The institutional spread inside New Mexico is 17.3×: the same FHA application faces a 4.6% observed denial rate at one high-volume door and 79.6% at another — two real endpoints of the federal record, same state, same program. Source: complete CFPB HMDA 2025 federal record.
Cells require 100+ decisioned applications. Sorted softest first. Observed rates — not endorsements.
| Lender | New Mexico FHA apps | Denial rate |
|---|---|---|
| Waterstone Mortgage Corporation | 437 | 4.6% |
| Crosscountry Mortgage, LLC | 220 | 5.0% |
| Guild Mortgage Company | 698 | 5.7% |
| Cmg Mortgage Inc | 297 | 5.7% |
| Primary Residential Mortgage, In | 245 | 9.8% |
| United Wholesale Mortgage | 731 | 20.8% |
| Freedom Mortgage Corporation | 266 | 23.7% |
| Dhi Mortgage Company, Ltd. | 326 | 25.8% |
| Pennymac Loan Services LLC | 249 | 26.9% |
| Rocket Mortgage | 811 | 35.1% |
| Mutual Of Omaha Mortgage | 142 | 36.6% |
| Loandepot.Com LLC | 385 | 37.4% |
| New American Funding, LLC. | 174 | 37.4% |
| Lakeview Loan Servicing, LLC | 159 | 38.4% |
| Amerisave Mortgage Company | 245 | 79.6% |
Applications under $150K were denied 42.0% of the time versus 17.4% for loans of $250K+ — a 2.4× penalty on the smallest loans. National context: the small-loan penalty.
The Home Mortgage Disclosure Act requires every U.S. mortgage lender to report every application — outcome, amount, and denial reason — to federal regulators annually. It is government-verified, covers all lenders equally, and cannot be gamed. These tables are processed directly from that record.
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