Albuquerque Mortgage Broker
Find a Albuquerque, New Mexico (NM) mortgage broker. We have access to several Albuquerque mortgage lenders who are competing for your business. Let us do the shopping for you.
Albuquerque, New Mexico has a population of 448,607. The city is known for its unbelievable aesthetic beauty. Residents enjoy the gorgeous parks, mountains and great weather. Albuquerque is proud of their cultural and ethnic diversity as you can find people from all walks of life in this town. The housing market has been very active in recent years as the population continues to grow. The median house value is $127,600.
New Mexico Loan Facts
- Community Property State - Since New Mexico is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a New Mexico mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. New Mexico is classified as a low closing cost state due to lower than normal title fees and other closing fees.