Top Portales, NM Mortgage Lenders

RankPortales Mortgage LenderPortales Home Loans ProcessedPortales Home Loans ApprovedPortales Home Loans DeniedPortales Mortgage Median Loan to Income Ratio (LTR) for Approved LoansPortales Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 414 52%28%
  • 149%
  • (88,000 Loan / $59,000 Income)
  • 107%
  • (30,000 Loan / $28,000 Income)
2Primary Residential Mortgage 301 58%13%
  • 210%
  • (84,000 / $40,000)
  • 239%
  • (146,000 / $61,000)
3Taylor, Bean & Whitaker 207 90%4%
  • 209%
  • (65,000 / $31,000)
  • 264%
  • (201,000 / $76,000)
4Bank Of America 132 81%15%
  • 221%
  • (115,000 / $52,000)
  • 215%
  • (114,000 / $53,000)
5First Financial Credit Union 111 40%38%
  • 152%
  • (148,000 / $97,000)
  • 178%
  • (50,000 / $28,000)
6Beneficial Company Llc 105 7%74%
  • 143%
  • (115,000 / $80,000)
  • 186%
  • (41,000 / $22,000)
7Flagstar Bank 102 71%14%
  • 195%
  • (94,000 / $48,000)
  • 216%
  • (52,000 / $24,000)
8Countrywide Bank Fsb 90 77%13%
  • 161%
  • (176,000 / $109,000)
  • 185%
  • (74,000 / $40,000)
9First Community Bank 89 67%19%
  • 181%
  • (116,000 / $64,000)
  • 35%
  • (5,000 / $14,000)
10Usaa Federal Savings Bank 87 71%20%
  • 217%
  • (250,000 / $115,000)
  • 159%
  • (158,000 / $99,000)
11Embrace Home Loans, 78 15%43%
  • 217%
  • (76,000 / $35,000)
  • 216%
  • (130,000 / $60,000)
12Jpmorgan Chase Bank 76 80%10%
  • 227%
  • (109,000 / $48,000)
  • 141%
  • (120,000 / $85,000)
13Mortgage Guaranty Insurance Co 72 81%2%
  • 213%
  • (77,000 / $36,000)
  • 339%
  • (265,000 / $78,000)
14Wells Fargo Fin'l New Mexico 71 14%29%
  • 200%
  • (162,000 / $81,000)
  • 202%
  • (83,000 / $41,000)
15Citimortgage 71 77%9%
  • 190%
  • (152,000 / $80,000)
  • 205%
  • (800,000 / $390,000)
16Wells Fargo Funding 65 98%1%
  • 241%
  • (104,000 / $43,000)
  • 231%
  • (169,000 / $73,000)
17Countrywide Home Loans 60 75%15%
  • 202%
  • (152,000 / $75,000)
  • 193%
  • (62,000 / $32,000)
18Quicken Loans 45 77%20%
  • 175%
  • (98,000 / $56,000)
  • 242%
  • (97,000 / $40,000)
19Us New Mexico Fcu 38 50%34%
  • 248%
  • (144,000 / $58,000)
  • 308%
  • (151,000 / $49,000)
20Pmi Mortgage Insurance Co. 36 80%2%
  • 200%
  • (74,000 / $37,000)
  • 200%
  • (74,000 / $37,000)

Portales, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 3,320
  2. Loan Applications Denied: 737
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 1,931
  5. % of Loan Applications Originated 58

Portales, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history15
Debt-to-income ratio8
Collateral8
Credit application incomplete2
Unverifiable information1

Portales, 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 - $100,0001,705 5127
$100,000 - $300,0001,588 6416
$300,000 - $500,00020 705
$500,000 - $1,000,0007 1457

Portales, 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 - $100,0002,878 5623
$100,000 - $300,000419 6313
$300,000 - $500,00017 4641
$500,000 - $1,000,0005 6020
$1,000,000 - $1,500,0001 00

Loan to Income Ratios Research for Mortgage in Portales, 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%12737 44
30 - 60%19545 32
60 - 100%31551 22
100 - 200%1,11660 18
200 - 300%92561 19
300 - 400%42263 16
> 400%22044 40

Portales, 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 Dwelling3,034 5822
Not Owner-Occupied As A Principal Dwelling265 5723
Not Applicable2 500

Home Owner Property Type Statistics in Portales, 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)2,933 5722
One To Four-Family214 784
Manufactured Housing173 4539
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