Mortgages in the State of New Mexico
New Mexico, home of the world's largest enchilada and the world's largest hot air balloon fiesta, is known for its rich history and natural resources. Native Americans have inhabited the New Mexico region for thousands of years, and the state was one of the first to be colonized by the Spanish in the 16th century.
This fantastic heritage makes New Mexico an incredibly popular place to purchase a home in 2018 -- and our state-focused team of home mortgage experts is ready to educate you about the smartest home loan solutions in the Land of Enchantment. Right now, the median home listing price in New Mexico is $219,000, which is around $40,000 less than the U.S. median home price of $261,500.
Santa Fe is a popular (and somewhat pricey) city in New Mexico when it comes to purchasing a home in 2018. The median home listing price here is $495,000, which is more than two times the statewide median. Despite that, most places in New Mexico are significantly less expensive. For example, in Silver City, the median home listing price sits at $219,000, and in Albuquerque, the state's largest city, the median listing price sits at a similar $218,000. Even more affordable is Las Cruces, where the median home listing price is $199,000, which is $20,000 less then the statewide median.
At home.loans, we want to help you borrow with confidence when buying a home in New Mexico. Whether you're a first time home buyer, taking advantage of a short sale, want to get an energy efficient mortgage, or take out an FHA loan or conventional loan, we have the information and experience to guide you on your journey to home ownership and greater financial peace of mind.