New Mexico Home Mortgage Loan Rates
Reliable lending sources in New Mexico for home mortgage loans Mortgage Rates Hit Record Lows! Refinance & Save $1000s.
Get up to 4 FREE Refinance Quotes from Leading Lenders & Save $1000s on Your Mortgage.
New Mexico Capital:
Think the New Mexico Refinance Boom is Over? Think Again! Lock in a Low Rate & Save $1000s on Your Mortgage.
$150,000 New Mexico Home Mortgage Loan for Under $720/Month!*
*The $706.25 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $889.85. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$30,000 New Mexico Home Mortgage Loan for Under $185/Month!*
*The payment for the first monthly billing period is based on a loan amount of $30,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $184.38 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$160,000 New Mexico Home Mortgage Loan for Under $785/Month!*
*The $753.33 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $923.58. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$175,000 New Mexico Home Mortgage Loan for Under $860/Month!*
*The $823.96 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $1,010.16. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$40,000 New Mexico Home Mortgage Loan for Under $246/Month!*
*The payment for the first monthly billing period is based on a loan amount of $40,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $245.83 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$50,000 New Mexico Home Mortgage Loan for Under $308/Month!*
*The payment for the first monthly billing period is based on a loan amount of $50,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $307.29 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$60,000 New Mexico Home Mortgage Loan for Under $369/Month!*
*The payment for the first monthly billing period is based on a loan amount of $60,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $368.75 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
New Mexico Facts (more New Mexico facts)
• New Mexico Economy Cattle and dairy products top the list of major animal products of New Mexico. Cattle, sheep, and other livestock graze most of the arable land of the state throughout the year. Limited but scientifically controlled dryland farming prospers alongside cattle ranching. Major crops include hay, nursery stock, pecans, and chiles. Hay and sorghum top the list of major dryland crops. Farmers also produce onions, potatoes, and dairy products. New Mexico specialty crops include piñon nuts, pinto beans, and chiles.
• Industrial outputs, centered around Albuquerque, include electric equipment; petroleum and coal products; food processing; printing and publishing; and stone, glass, and clay products. Defense-related industries include ordnance. Important high-technology industries include lasers, data processing, and solar energy.
• Federal government spending drives the New Mexico economy and provides more than a quarter of the state's jobs. Many of the federal jobs relate to the military; the state hosts several air force bases, national observatories, and the Los Alamos National Laboratory. Sandia National Laboratories conducts electronic and industrial research at Kirtland Air Force Base south of Albuquerque. These installations include the missile and spacecraft proving grounds at White Sands
• The five largest ancestry groups in New Mexico are: Spanish/Hispano (24%), Mexican (18.1%), English) (7.6%), American Indian (9.5%), and German (9.9%).
• Each October Albuquerque hosts the world's largest international hot air balloon fiesta.
• 1/4 of New Mexico is forested, and the state has 7 National Forests including the Nation's largest, the 3.3 million acre Gila National Forest which includes the Gila Wilderness.
Mortgage Calculator
Home Page
Other Resources |
Appraisals
Homeowners Insurance
Mortgage Calculators
Credit Reports
Credit Scores
Taxes/Bookkeeping
Credit Cards
Home Mortgage Loans
Loan Rate Calculators