Top Rincon, NM Mortgage Lenders

RankRincon Mortgage LenderRincon Home Loans ProcessedRincon Home Loans ApprovedRincon Home Loans DeniedRincon Mortgage Median Loan to Income Ratio (LTR) for Approved LoansRincon Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 277 31%37%
  • 213%
  • (49,000 Loan / $23,000 Income)
  • 89%
  • (75,000 Loan / $84,000 Income)
2Bank Of The Southwest 171 71%17%
  • 30%
  • (3,000 / $10,000)
  • 90%
  • (20,000 / $22,000)
3Beneficial Company Llc 93 7%73%
  • 145%
  • (45,000 / $31,000)
  • 135%
  • (100,000 / $74,000)
4Bank Of America 87 57%28%
  • 224%
  • (112,000 / $50,000)
  • 190%
  • (122,000 / $64,000)
5Countrywide Bank Fsb 53 84%9%
  • 165%
  • (104,000 / $63,000)
  • 490%
  • (108,000 / $22,000)
621st Mortgage 47 25%38%
  • 108%
  • (38,000 / $35,000)
  • 160%
  • (77,000 / $48,000)
7Wells Fargo Fin'l New Mexico 45 20%46%
  • 238%
  • (250,000 / $105,000)
  • 135%
  • (65,000 / $48,000)
8Bank Of The West 45 42%37%
  • 93%
  • (41,000 / $44,000)
  • 90%
  • (50,000 / $55,000)
9Countrywide Home Loans 44 70%15%
  • 136%
  • (120,000 / $88,000)
  • 179%
  • (154,000 / $86,000)
10Citifinancial, 43 34%44%
  • 215%
  • (41,000 / $19,000)
  • 137%
  • (22,000 / $16,000)
11Jpmorgan Chase Bank 29 79%20%
  • 284%
  • (74,000 / $26,000)
  • 190%
  • (99,000 / $52,000)
12Quicken Loans 27 55%33%
  • 222%
  • (176,000 / $79,000)
  • 190%
  • (103,000 / $54,000)
13First New Mexico Bank 27 62%37%
  • 150%
  • (39,000 / $26,000)
  • 230%
  • (60,000 / $26,000)
14Vanderbilt Mortgage 25 12%60%
  • 172%
  • (64,000 / $37,000)
  • 243%
  • (39,000 / $16,000)
15Mortgage Guaranty Insurance Co 25 60%4%
  • 246%
  • (64,000 / $26,000)
  • 510%
  • (153,000 / $30,000)
16Citimortgage 25 56%12%
  • 277%
  • (97,000 / $35,000)
  • 182%
  • (164,000 / $90,000)
17Hfc Company Llc 23 13%65%
  • 148%
  • (86,000 / $58,000)
  • 170%
  • (82,000 / $48,000)
18Charter Bank 23 69%8%
  • 338%
  • (166,000 / $49,000)
  • 326%
  • (170,000 / $52,000)
19Bokf Na 22 40%45%
  • 260%
  • (104,000 / $40,000)
  • 260%
  • (60,000 / $23,000)
20New Mexico Educators Fcu 21 66%19%
  • 132%
  • (117,000 / $88,000)
  • 133%
  • (192,000 / $144,000)

Rincon, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 1,966
  2. Loan Applications Denied: 609
  3. % of Loan Applications Denied: 30
  4. # of Loan Originations: 931
  5. % of Loan Applications Originated 47

Rincon, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history24
Debt-to-income ratio13
Collateral12
Unverifiable information2
Insufficient cash (downpayment, closing costs)2

Rincon, 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 - $100,0001,235 4434
$100,000 - $300,000701 5124
$300,000 - $500,00023 738
$500,000 - $1,000,0007 071

Rincon, 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 - $100,0001,774 4631
$100,000 - $300,000184 5522
$300,000 - $500,0002 00
$500,000 - $1,000,0004 7525
$1,500,000 - $2,000,0001 1000
> $2,000,0001 00

Loan to Income Ratios Research for Mortgage in Rincon, 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%19953 32
30 - 60%14040 36
60 - 100%22843 34
100 - 200%58643 33
200 - 300%40850 22
300 - 400%22956 26
> 400%17638 38

Rincon, 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 Dwelling1,775 4731
Not Owner-Occupied As A Principal Dwelling179 4929
Not Applicable2 1000

Home Owner Property Type Statistics in Rincon, 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)1,506 4631
Manufactured Housing381 4733
One To Four-Family79 635
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