New Mexico · Q1 2026
What New Mexico borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 387 lenders.
Published 2026-04-29.
New Mexico · headline
The gap between New Mexico's lowest- and highest-cost ranked lenders in 2025 was $8,188 on a typical loan — borrowers using CrossCountry Mortgage paid roughly 326% more than borrowers using Sunward on similar loans.
Source: FFIEC HMDA 2025 (n=29,508)
In 2025, 387 mortgage lenders originated 29,508 reportable loans in New Mexico according to FFIEC HMDA data. The median borrower paid $5,849 in total loan costs. That is 37.9% above the national median across all 50 states and DC.
New Mexico's median total loan cost was $5,849, 37.9% above the national median of $4,242. On a typical loan, that translates to roughly $1,607 more than borrowers paid in the average state.
Sunward posted the lowest median total loan costs at $2,514, 57.0% below the New Mexico median. Across the ranked lenders, 10 earned an A grade against peer averages and 2 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in New Mexico are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,706 | $3,366 | 2,967 | A |
| 2 | Guild Mortgage | $6,345 | $2,792 | 2,080 | B |
| 3 | United Wholesale Mortgage | $7,663 | $3,745 | 2,058 | D |
| 4 | Waterstone Mortgage Corporation | $5,625 | $2,665 | 2,044 | A |
| 5 | Primary Residential Mortgage, Inc. | $5,674 | $2,680 | 1,050 | A |
| 6 | Mortgage Research Center, LLC | $4,744 | $2,646 | 822 | A |
| 7 | loanDepot.com, LLC | $7,067 | $2,990 | 713 | C |
| 8 | Pennymac | $5,825 | $2,320 | 569 | A |
| 9 | BOKF, National Association | $5,225 | $1,703 | 568 | A |
| 10 | Sunward | $2,514 | $1,495 | 557 | A |
New Mexico median total loan cost
New Mexico borrowers paid a median $5,849 in total loan costs in 2025, based on 29,508 HMDA-reported loans across 387 lenders.
FFIEC HMDA 2025
Lender spread in New Mexico
In New Mexico, the gap between Sunward ($2,514 median) and CrossCountry Mortgage ($10,702 median) was $8,188 on a typical 2025 loan.
FFIEC HMDA 2025
New Mexico vs. national
New Mexico closing costs ran 37.9% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in New Mexico was $2,677, with the typical lender clustering tightly around that figure. Discount points appeared on 58% of loans, with a median paid amount of $2,431 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 28% of loans, with a median credit of $305.
Avg $4,102
Median $2,431 when present
Median $305 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in New Mexico) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for New Mexico
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