1937 New Mexico Lobos football team

The 1937 New Mexico Lobos football team represented the University of New Mexico in the Border Conference during the 1937 college football season. In their first season under head coach Ted Shipkey, the Lobos compiled a 4–4–1 record (2–3–1 against Border opponents), finished fourth in the conference, and were outscored by opponents by a total of 93 to 69. William Murphy was the team captain.