Home improvement loan lenders in New Mexico
Fat Boy Data analyzed home improvement loan activity in New Mexico to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 9,223 applications were decided by 145 lenders between 2023 and 2025.
New Mexico at a glance
How New Mexico compares
What the data shows
Nusenda made the most home improvement loans in New Mexico, 1,430 of them.
State Employees Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 94% of 140.
The typical home improvement loan here is $55K, 27% smaller than the the United States typical of $75K.
No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.
Each dot is one lender, placed at its approval rate. Hover for the name and sample size.
Home improvement loan lenders in New Mexico
| Lender | Approval | Approved | Taken up | Typical loan | Loans made | |
|---|---|---|---|---|---|---|
| 1 | Nusenda | 80% | 1,497 / 1,869 | 96% | $55K | 1,430 |
| 2 | Bank of America, National Association | 39% | 364 / 941 | 96% | $65K | 350 |
| 3 | Sunward | 89% | 713 / 799 | 100% | $85K | 713 |
| 4 | BOKF, National Association | 55% | 319 / 580 | 94% | $55K | 299 |
| 5 | Sandia Area | 75% | 418 / 557 | 99% | $55K | 413 |
Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.
Fat Boy found 140 more lenders.
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You are seeing the 5 largest home improvement loan lenders in New Mexico. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.
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