Mortgage lending in New Mexico

39,313 mortgages were originated in New Mexico in 2025. Here is what they cost — including the lender fees that never show up in an advertised rate.

Loans originated

39,313

Median rate

6.625%

Median lender fees

$5,735

The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.

Median loan amount

$225,000

Above the going rate (spread over APOR)

0.381

Paid discount points

43%

Received lender credits

20.9%

Purchases / refinances

57.9% / 27.9%

Conventional / FHA / VA

68.6% / 17.7% / 12.8%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 76.7% of loans here — see methodology.

Largest lenders in New Mexico

Ranked by loans originated. The fee column is where lenders differ most — it is the money they charged to make the loan, and it is not part of the interest rate.

New Mexico year by year

The same measures across every year of filings available. Rates follow the market; fees move for their own reasons.

Counties

17 counties had at least 300 loans in 2025. Smaller counties are left out rather than published from a handful of records.