At the heat of New Mexico lies our state’s most diverse and populous region. Business and culture combine to make Central New Mexico a great place to live and work. New Mexico Mortgage Company has our local offices right in Uptown Albuquerque. We love it here, and are glad to help our neighbors with their residential mortgage needs.
- Albuquerque
- Bernalillo
- Placitas
- Belen
- Bosque Farms
- White Rock
- Los Alamos
- Rio Rancho
- Los Lunas
- Edgewood
- Moriarty
- Socorro
- Tijeras
Conventional Loans
Conventional loans are mortgage loans offered by non-government sponsored lenders. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. New Mexico Mortgage Company offers conventional mortgages in Albuquerque, as well as all of New Mexico.
We offer conventional home loans for both owner occupied and investment properties.
FHA CHENOA Loans
We offer Zero Down Chenoa loans Options for first time buyers and next home buyers
MFA Loans
MFA’s mortgage programs provide homebuyers with competitive interest-rate mortgage loans and assistance with down payment and closing costs. An MFA participating lender can help you determine which program is best for you when you buy your home.
First Down Program: The First Down program is a second mortgage loan amortized over 30 years with a low interest rate to help first-time homebuyers with minimum down payment and closing costs.
Next Home Program: MFAs Next Home Program provides non first time homebuyers the opportunity to purchase their next home. Next Home is also available for first time homebuyers, if it best suits their needs.
FHA Loans
We offer FHA Loans. A popular loan with a low down payment option. Let FHA Loans Help You
FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
Low down payments
Low closing costs
Easy credit qualifying
What does FHA have for you?
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price. Available on 1-4 unit properties.
Financial help for seniors
Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products – one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks.
Need help with your downpayment? State and local governments offer programs that can help.
Jumbo Loans
When the home of your dreams is in an extremely desirable higher priced real estate market, or your growing family demands a larger home, a Jumbo loan may be right for you.
Jumbo loans are also considered non-conforming loans because they exceed the conforming loan limit of $453,100. Some counties may vary in conforming loan limits, so our experienced advisors will help you decide if your loan amount fits into the limits, or if a Jumbo loan is the right option for you.
We offer Jumbo Loans for that dream property..
Mobile Home Loans
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We offer loans for manufactured homes throughout the state.
Reverse Mortgages
We provide reverse mortgages, including reverse purchase. great for those older than 62.
If you are 62 or older and own your home, you are uniquely qualified to benefit from a reverse mortgage. This loan program is designed to help qualifying borrowers get access to their equity, stay in their home, and potentially rid themselves of a monthly mortgage payment.*
VA Loans
A VA loan is insured by the U.S. Department of Veterans Affairs and issued by VA approved lenders. This government guaranteed loan encourages these approved lenders to lend with more flexible and lenient qualifying guidelines.
VA loans offer unmatched benefits to our heroes; the veterans, active duty, and surviving spouses.
- 100% Financing available*
- No mortgage insurance requirement
- Funding fee may be financed
If you are a veteran, we can provide you with a VA Loan.
USDA Loans
USDA loans are government insured loans for purchasing rural property outside of major metropolitan areas. USDA loans are serviced by direct lenders that meet federal guidelines. USDA loans offer unique benefits, including no down payment requirements for buyers.
We offer USDA home loans (except in Bernalillo County and The City of Rio Rancho)
Pre-Qualify for a Home Loan Today!
If you are seeking a home mortgage loan anywhere in Northwestern New Mexico, including, but not limited to Albuquerque, Rio Rancho, Bernalillo, Edgewood, Los Lunas, Belen, or Moriarty, contact New Mexico Mortgage Company at (505) 292-3200 today, or simply start by clicking on APPLY NOW at the top right of this page!
