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Looking to refinance your existing mortgage loan? ERATE helps you compare today’s home refinance loan rates in New Mexico. Select from popular programs like the 30 Year Fixed, 15 Year Fixed, 5/1 ARM or other programs and we list the top offers from numerous lenders for you. Rates are updated daily.

If you’re an active or retired member of the United states armed forces looking to purchase a home in New Mexico, there are some amazing mortgage solutions available to you. New Mexico is home to almost 2.1 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 7.7 percent between December of 2017 through 2018 and are forecasted to rise another 3.9% through 2019.

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NOVA Home Loans believes in the American dream of homeownership and is committed to providing an efficient, friendly customer centric home loan experience to each one of our customers. We are a full service mortgage bank that has served the home lending needs of our customers for more than 36 years.

More than 2,800 New Mexican families became homeowners in 2018 using $420.1 million in MFA loans and $16.8 million in down payment assistance. $52.4 million in financing supported the construction and rehabilitation of 370 apartments and affordable homes. Almost 800 low-income families received home rehabilitation or energy-efficiency improvements.

USDA Home Loans for New mexico home ownership is the dream of thousands of people living in New Mexico, but there are more pitfalls in the process that anyone can think of. Specifically, people having low to moderate income levels face many hurdles when they decide to buy a home.