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Find the Best Mortgage Lenders in Albuquerque, NM

Buying a home is a source of pride for many New Mexicans. Mortgages help people purchase property, build equity, invest in the community and live in their dream homes without saving a large amount of cash. We created this list of the best mortgage lenders in Albuquerque to help find the right company for you.

Top 12 Albuquerque Mortgage Companies

AmeriSave Mortgage
Read 3,264 Reviews

Offers affordable mortgages through its easy online approval process. Custom quotes include no obligations, no commitments and no hidden fees. Provides a wide variety of loan types, including conventional, jumbo, FHA, VA and USDA.

Call Now Toll Free (866) 815-0655
ClearPath Lending
Read 943 Reviews

Nationwide mortgage lender based in California. Offers lending and refinancing services in almost every state. Specializes in fixed-rate and adjustable-rate loans and guarantees the best pricing for your loan.

Mr. Cooper
Read 9,398 Reviews

Provides new home loans and mortgage refinancing. Offers competitive interest rates. Award-winning mobile app. Online loan tracking. Guarantees closing date or the company will pay your first mortgage payment.

BOK Financial Mortgage
Read 1,709 Reviews

Offers conventional, jumbo, FHA, VA, USDA and Native American home loan programs plus mortgage refinancing. The Lock and Build program is available to finance new home construction. Direct mortgage lender.

Vanderbilt Mortgage
Read 2,003 Reviews

Specializes in financing for new or used manufactured, modular and mobile homes. Provides conventional, land-home, FHA and biweekly advantage mortgages. Down payments start at 3.5% of the total purchase price.

Guild Mortgage Company
Read 152 Reviews

Offers conventional, FHA, USDA, VA and jumbo mortgage loans for purchase and refinancing options. Provides DPA programs, expanded (non-QM), short-term rental refinance and renovation loan programs.

Financial Mortgage Solutions LLC Read Author Review

Provides specialized mortgage loans to veterans, first-time homebuyers and individuals with poor or no credit. Offers refinancing and one-close loans. Online applications available.

Hometrust Mortgage Company Read Author Review

Provides in-house processing from underwriting and closing departments. Offers various loans, including FHA, VA, USDA, conventional and adjustable-rate mortgages. Debt consolidation and early payoff programs are available.

Legacy Mortgage Read Author Review

Offers mortgages for all financial needs, including VA, FHA, FHA 203k, USDA, conventional, jumbo, Section 184 American Indian and fixed-rate loans. Provides fully certified military housing specialists. Apply for financing online.

New Mexico Mortgage Company Read Author Review

Offers VA, FHA, FHA 203k, conventional, fixed-rate and jumbo loans. Refinances mortgages and assists with down payments. Provides repayable second mortgages with the Chenoa Fund program.

Premier Choice Mortgage Read Author Review

Provides a variety of loan types to help Albuquerque residents purchase homes, build equity and refinance. Offers FHA, VA, HARP 2.0, reverse mortgages, interest-only, fixed-rate and adjustable-rate mortgages.

PrimeLending Albuquerque Read Author Review

Offers conventional, jumbo, FHA, VA, USDA, fixed-rate and adjustable-rate mortgages along with specialized loans for refinancing, renovations and relocating. Helps borrowers with fair or poor credit.

Albuquerque skyline

Current Albuquerque mortgage rates

Mortgage rates in Albuquerque fluctuate, so if you’re ready to buy, check the current interest rates using this tool from the Consumer Finance Protection Bureau. Once you know roughly what mortgage rate you can expect, use our mortgage calculator to see how much you can afford. Different income levels, down payment amounts and loan terms affect the loan amount a borrower can afford.

Choosing a mortgage loan in Albuquerque, NM

Albuquerque is both a colorful college town and a peaceful retreat for retired individuals. The most common mortgage types for Albuquerque residents are FHA loans for first-time homebuyers and VA loans for veterans.

Property costs in Albuquerque vary significantly depending on the location and amenities of the home in question. We chose some areas around Albuquerque and outlined what types of loans are popular for residents there in the list below.

  • Sandia Heights: Full of young families and retirees alike, Sandia Heights is a small community that features upscale adobe homes surrounded by mountain views and parks. Homes in this area usually cost between $475,000 and $550,000, though some exceed $1 million. Popular lending options for this neighborhood include conventional mortgages and jumbo loans.
  • Old Town: This neighborhood is brimming with restaurants and tiny artisan shops selling jewelry and pottery. Homes in Old Town range from $269,000 to $750,000, depending on the amenities and size of the property. Common mortgage loan types in this neighborhood include conventional and FHA 203k.
  • Arenal: Arenal homebuyers are typically families with children. It is a low-crime neighborhood near several schools and a park. Property costs in this area range from $135,000 to $239,000 and the average home is priced around $199,000. Homebuyers here benefit most from FHA, construction FHA and fixed-rate loans.
  • Nob Hill: This is a trendy area featuring historic homes on buzzing Central Avenue. Nob Hill is known for its taquerias, antique stores, galleries, hookah lounges, dance clubs and art-house cinemas. Because of its exciting nightlife, the area experiences some crime, though most reported crime is not property-related. Homes in this neighborhood range from $230,000 to $394,000 and common mortgages here include FHA loans and conventional loans.
  • Glenwood Hills: Glenwood Hills is a popular neighborhood with homes that range from $300,000 to $400,000. The Cibola National Forest surrounds Glenwood Hills, and popular destinations like the Indian Pueblo Cultural Center, the New Mexico Museum of Natural History and Science and the ABQ BioPark Zoo are nearby. Typical loans for this area include conventional loans, FHA loans and construction FHA loans.

Federal mortgage requirements in Albuquerque, NM

Conforming loan limits in Albuquerque change over time, but if your new home’s value is under $500,000, you should be able to get a loan that meets the federal limits.

The main federal requirements for obtaining a conforming loan in Albuquerque are:

  • A minimum credit score of 620 to 700
  • A debt-to-income ratio that doesn’t exceed either 36% or 45%
  • Verifiable documentation that the borrower can repay the mortgage, such as W-2 forms, recent pay stubs, tax returns and credit reports

The exact requirements depend on the type of loan you need and the size of your down payment.

Finding an Albuquerque mortgage lender

When selecting a lender, it’s critical to compare rates from several companies and find one that can assist with any specific needs you have, including the ability to work with poor credit or prove your income when you’re self-employed. Preapproval helps you compare mortgage rates from different lenders and lets you close faster once you put in an offer on a home.

When evaluating a mortgage company, consider which factors are important to you, then thoroughly read online reviews and ask for recommendations from family and friends. Some companies provide testimonials from former clients, too.

Albuquerque home loan FAQ

What is the mortgage rate in Albuquerque?
Mortgage rates in Albuquerque fluctuate over time but usually stay between 3% and 4%. Inflation, economic growth and your financial details impact your mortgage rate.
Can you put an offer in for a house without a mortgage in Albuquerque?
Yes, any individual can make an offer without a mortgage or mortgage approval. If your mortgage application isn’t approved, however, the offer is voided.
How long does it take to get approved for a mortgage loan in New Mexico?
In New Mexico, approval for a mortgage can take just a few business days, but the average time from preapproval to closing is between 30 and 60 days.

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    Albuquerque mortgage company information

    New Mexico Mortgage Company

    The staff at New Mexico Mortgage Company helps individuals purchase their dream home or refinance outstanding loans. New Mexico Mortgage Company underwrites multiple mortgage options, including VA, FHA, conventional and fixed-rate loans. Individuals who don’t have a down payment prepared may qualify for financial assistance with a forgivable or repayable second mortgage through the Chenoa Fund program.

    • Address: 6303 Indian School Road NE, Ste. 104, Albuquerque, NM 87110
    • Phone: (505) 292-3200
    • Hours: M - F: 9am - 5pm
    • Website:
    Financial Mortgage Solutions LLC

    Financial Mortgage Solutions' experienced loan officers help Albuquerque residents find and apply for mortgages. Individuals with excellent credit or no credit at all can apply for loans here, and the company has lending options that require 0% down. Consumers can utilize its mortgage calculator and convenient application tool directly on its website.

    • Address: 9680 Eagle Ranch Road NW, Ste. 6, Albuquerque, NM 87114
    • Phone: (505) 363-1580
    • Hours: M - F: 8am - 6pm
    • Website:
    Legacy Mortgage

    Legacy Mortgage offers traditional and specialized mortgages that range from conventional loans to Section 184 American Indian loans. Each loan officer at the company is a fully certified military housing specialist. Borrowers can present a loan estimate from another lender to potentially secure better lending and receive a $100 prepaid gift card.

    • Address: 6725 Academy Road NE, Albuquerque, NM 87109; Multiple locations
    • Phone: (505) 296-4747
    • Hours: M - F: 9am - 5pm
    • Website:
    Hometrust Mortgage Company

    Hometrust Mortgage Company is a nondepository mortgage bank that's prepared to meet a variety of needs. Borrowers work with its team of seven loan officers to find customized mortgage solutions for properties throughout Albuquerque. Refinancing, debt consolidation and early payoff programs are available to those who qualify.

    • Address: 8421 Osuna Road NE, Albuquerque, NM 87111; Multiple locations
    • Phone: (505) 212-8000
    • Hours: M - F: 9am - 5pm
    • Website:
    Premier Choice Mortgage

    Premier Choice Mortgage offers mortgages and financial guidance for borrowers wanting to purchase or refinance a home. The company has a variety of loan options, including FHA, VA, fixed-rate and adjustable-rate mortgages. Borrowers can view daily mortgage rates and apply for lending directly on the company’s website.

    • Address: 6330 Riverside Plaza Lane, Ste. 175, Albuquerque, NM 87120
    • Phone: (505) 830-9685
    • Hours: M - F: 8am - 5pm
    • Website:
    PrimeLending Albuquerque

    PrimeLending is an award-winning mortgage company that provides loans for first-time homebuyers, veterans and retirees. It offers conventional and government-insured refinancing options with conforming limits for those who qualify. Borrowers can apply for loans and get free resources directly on the company’s website.

    • Address: 6755 Academy Road NE, Ste. A, Albuquerque, NM 87109; Multiple locations
    • Phone: (505) 299-5000
    • Hours: M - F: 8am - 5pm
    • Website:
    by Sandi Pope ConsumerAffairs Research Team

    Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.