Top Truchas, NM Mortgage Lenders

RankTruchas Mortgage LenderTruchas Home Loans ProcessedTruchas Home Loans ApprovedTruchas Home Loans DeniedTruchas Mortgage Median Loan to Income Ratio (LTR) for Approved LoansTruchas Mortgage Median LTR for Denied Loans
1Los Alamos National Bank 1,561 68%8%
  • 158%
  • (124,000 Loan / $78,000 Income)
  • 228%
  • (215,000 Loan / $94,000 Income)
2Wells Fargo Bank 1,081 59%24%
  • 185%
  • (334,000 / $180,000)
  • 82%
  • (86,000 / $104,000)
3Bank Of America 526 75%18%
  • 207%
  • (207,000 / $100,000)
  • 197%
  • (146,000 / $74,000)
4Vanderbilt Mortgage 493 3%62%
  • 128%
  • (45,000 / $35,000)
  • 189%
  • (87,000 / $46,000)
5First New Mexico Bank 296 70%19%
  • 123%
  • (48,000 / $39,000)
  • 205%
  • (70,000 / $34,000)
6Pioneer Bank 220 54%28%
  • 164%
  • (207,000 / $126,000)
  • 173%
  • (40,000 / $23,000)
7Jpmorgan Chase Bank 208 80%17%
  • 188%
  • (151,000 / $80,000)
  • 182%
  • (144,000 / $79,000)
8Quicken Loans 195 62%31%
  • 211%
  • (182,000 / $86,000)
  • 235%
  • (167,000 / $71,000)
9Embrace Home Loans, 184 10%42%
  • 189%
  • (220,000 / $116,000)
  • 237%
  • (114,000 / $48,000)
10Wells Fargo Funding 178 98%0%
  • 241%
  • (104,000 / $43,000)
0
11Usaa Federal Savings Bank 133 55%33%
  • 188%
  • (257,000 / $136,000)
  • 159%
  • (158,000 / $99,000)
12Primary Residential Mortgage 126 61%15%
  • 210%
  • (84,000 / $40,000)
  • 217%
  • (200,000 / $92,000)
13Citizens Bank Of Las Cruces 105 98%1%
  • 261%
  • (110,000 / $42,000)
  • 195%
  • (236,000 / $121,000)
14Suntrust Mortgage 101 83%7%
  • 222%
  • (417,000 / $187,000)
  • 240%
  • (315,000 / $131,000)
15Phh Mortgage Corporation 99 74%4%
  • 186%
  • (186,000 / $100,000)
  • 108%
  • (134,000 / $124,000)
16Mortgage Guaranty Insurance Co 88 79%5%
  • 207%
  • (162,000 / $78,000)
  • 151%
  • (151,000 / $100,000)
17New Mexico Bank & Trust 80 67%5%
  • 223%
  • (248,000 / $111,000)
  • 412%
  • (165,000 / $40,000)
18First National Bank Santa Fe 73 54%15%
  • 183%
  • (193,000 / $105,000)
  • 193%
  • (60,000 / $31,000)
19First American Bank 66 89%4%
  • 220%
  • (75,000 / $34,000)
  • 470%
  • (207,000 / $44,000)
2021st Mortgage 66 27%42%
  • 118%
  • (45,000 / $38,000)
  • 164%
  • (51,000 / $31,000)

Truchas, NM Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,509
  2. Loan Applications Denied: 1,769
  3. % of Loan Applications Denied: 20
  4. # of Loan Originations: 5,044
  5. % of Loan Applications Originated 59

Truchas, NM Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history21
Collateral14
Debt-to-income ratio13
Credit application incomplete3
Unverifiable information2

Truchas, 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 - $100,0002,990 4830
$100,000 - $300,0004,586 6316
$300,000 - $500,000886 689
$500,000 - $1,000,00046 5623
$1,000,000 - $1,500,0001 0100

Truchas, 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 - $100,0005,759 5425
$100,000 - $300,0002,588 6810
$300,000 - $500,000121 6714
$500,000 - $1,000,00032 5215
$1,000,000 - $1,500,0006 330
$1,500,000 - $2,000,0002 0100
> $2,000,0001 1000

Loan to Income Ratios Research for Mortgage in Truchas, 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%38552 35
30 - 60%38552 26
60 - 100%79355 19
100 - 200%2,98659 18
200 - 300%2,22562 17
300 - 400%1,02659 20
> 400%70951 28

Truchas, 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 Dwelling7,723 5920
Not Owner-Occupied As A Principal Dwelling775 5622

Home Owner Property Type Statistics in Truchas, 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)7,257 6317
Manufactured Housing1,008 2548
One To Four-Family244 775
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