Top Chili, NM Mortgage Lenders

RankChili Mortgage LenderChili Home Loans ProcessedChili Home Loans ApprovedChili Home Loans DeniedChili Mortgage Median Loan to Income Ratio (LTR) for Approved LoansChili Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 924 51%29%
  • 181%
  • (129,000 Loan / $71,000 Income)
  • 71%
  • (10,000 Loan / $14,000 Income)
2Los Alamos National Bank 582 55%20%
  • 146%
  • (168,000 / $115,000)
  • 192%
  • (150,000 / $78,000)
3Bank Of America 396 71%20%
  • 171%
  • (103,000 / $60,000)
  • 194%
  • (76,000 / $39,000)
4Pioneer Bank 255 59%25%
  • 155%
  • (62,000 / $40,000)
  • 164%
  • (64,000 / $39,000)
5First New Mexico Bank 196 72%20%
  • 93%
  • (40,000 / $43,000)
  • 147%
  • (62,000 / $42,000)
6Jpmorgan Chase Bank 182 73%22%
  • 158%
  • (204,000 / $129,000)
  • 155%
  • (120,000 / $77,000)
7Quicken Loans 144 62%28%
  • 215%
  • (136,000 / $63,000)
  • 261%
  • (154,000 / $59,000)
8Embrace Home Loans, 141 11%41%
  • 228%
  • (73,000 / $32,000)
  • 226%
  • (86,000 / $38,000)
9Wells Fargo Funding 137 97%2%
  • 115%
  • (180,000 / $156,000)
  • 266%
  • (152,000 / $57,000)
10Usaa Federal Savings Bank 119 62%31%
  • 183%
  • (99,000 / $54,000)
  • 191%
  • (46,000 / $24,000)
11Primary Residential Mortgage 111 70%9%
  • 233%
  • (161,000 / $69,000)
  • 336%
  • (212,000 / $63,000)
12New Mexico Educators Fcu 99 77%10%
  • 152%
  • (70,000 / $46,000)
  • 167%
  • (132,000 / $79,000)
13Us Bank 88 40%40%
  • 122%
  • (59,000 / $48,000)
  • 155%
  • (93,000 / $60,000)
14Bokf Na 83 65%20%
  • 171%
  • (91,000 / $53,000)
  • 212%
  • (138,000 / $65,000)
15Vanderbilt Mortgage 82 4%56%
  • 134%
  • (51,000 / $38,000)
  • 241%
  • (75,000 / $31,000)
16Flagstar Bank 80 58%27%
  • 210%
  • (80,000 / $38,000)
  • 208%
  • (259,000 / $124,000)
17Citimortgage 69 84%5%
  • 194%
  • (193,000 / $99,000)
  • 465%
  • (135,000 / $29,000)
18New Mexico Bank & Trust 62 66%9%
  • 182%
  • (170,000 / $93,000)
  • 619%
  • (223,000 / $36,000)
19New Day Financial, Llc 56 12%33%
  • 306%
  • (178,000 / $58,000)
  • 257%
  • (232,000 / $90,000)
20American Southwest Mortgage Co 56 76%8%
  • 204%
  • (178,000 / $87,000)
  • 307%
  • (40,000 / $13,000)

Chili, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 5,994
  2. Loan Applications Denied: 1,373
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 3,518
  5. % of Loan Applications Originated 58

Chili, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history23
Debt-to-income ratio15
Collateral14
Credit application incomplete4
Unverifiable information3

Chili, NM Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0002,408 5030
$100,000 - $300,0003,301 6416
$300,000 - $500,000275 5426
$500,000 - $1,000,0009 4422
$1,000,000 - $1,500,0001 1000

Chili, NM Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0004,477 5525
$100,000 - $300,0001,410 6315
$300,000 - $500,00083 7310
$500,000 - $1,000,00022 5013
$1,000,000 - $1,500,0002 1000

Loan to Income Ratios Research for Mortgage in Chili, NM

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%31138 46
30 - 60%34054 28
60 - 100%67858 19
100 - 200%2,01060 20
200 - 300%1,46162 19
300 - 400%71662 19
> 400%47845 35

Chili, NM Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling5,159 5822
Not Owner-Occupied As A Principal Dwelling826 5923
Not Applicable3 3333

Home Owner Property Type Statistics in Chili, NM for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)5,282 6021
Manufactured Housing567 3640
One To Four-Family145 7510
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