NORTHWESTERN NEW MEXICO Scenic, productive, and vibrant, Northwestern New Mexico moves solidly into the future with a deep awareness of its ancient past. New Mexico Mortgage is proud to help the people of this vital region of our state pursue homeownership, a big part of The American Dream
- Aztec
- Bloomfield
- Farmington
- Shiprock
- Grants
- Gallup
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.
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 as little as 3% down.
FHA CHENOA Loans
We can offer Zero Down Chenoa home loans to qualified borrowers
MFA Loans
MFA’s mortgage programs provide homebuyers with competitive interest-rate mortgage loans and assistance with down payment and closing costs. As a MFA participating lender we 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. Next Home has higher income and purchase price limits than MFA’s first time homebuyer program.
FHA Loans
FHA loans are insured by the Federal Housing Administration, and with the government guarantee, lenders are more willing to lend with more lenient qualifying guidelines. FHA loans have been specifically designed to help borrowers get into homes.
FHA Loans with smaller down payments than conventional loans are available.
Jumbo Loans
- Jumbo loans are available in a variety of fixed and adjustable rate terms
- Jumbo loans tend to have higher down payment and cash reserve requirements
- For loans above the conforming loan limit up to $3 million
Found your dream house? We offer Jumbo Loans.
Mobile Home Loans
FHA loans are insured by the FHA (Federal Housing Authority) and best suited for borrowers who don’t have a large down payment. Through our FHA loan programs, the manufactured home you are purchasing must have been built after June 15, 1976 and be permanently fixed to a foundation. Some of the perks of this program include a low 3.5% down payment, 30 year loan terms, and low interest rates. See link below for more information.
We offer loans for several types of manufactured homes.
Reverse Mortgages
We provide reverse mortgages, including reverse for purchase. A useful tool for those over 62
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.
Thanks for your service! If you are a veteran, we can provide you with a VA Loan.
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 Springer, Taos, Clayton, Las Vegas, or Raton, 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!
