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FHA Mortgage Rates in New Mexico

Updated: February 25, 2020

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Displaying rates for Mortgage Refinance in NM for $200,000

3.398%

APR
30 Year Fixed
3.375% Rate $885/mo
  • Updated February 25, 2020
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3.342%

APR
30 Year Fixed
3.125% Rate $857/mo
  • Updated February 25, 2020
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3.538%

APR
30 Year Fixed
3.500% Rate $898/mo
  • Updated February 25, 2020
  • Compare up to 5 Offers, Against a Network of 1000s of Lenders
  • 3.411% APR
  • Fixed Rate 30yr
PRODUCTS RATES +/-
30 Year Fixed 3.50%
15 Year Fixed 3.17%
5/1 ARM 4.22%
Tuesday, February 25, 2020

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Mortgage rates for New Mexico go down to 3.50%

Tuesday, February 25, 2020

Mortgage rates for New Mexico on Lender411 for 30-year fixed-rate mortgages are at 3.50%. That dropped from 3.50% to 3.50%. The 15-year fixed rates are now at 3.17%. The 5/1 ARM mortgage for New Mexico is now at 4.22%.

FHA Mortgage Rates & Loan Limits in New Mexico

An FHA mortgage loan is a home loan insured by the Federal Housing Administration, acquired through FHA-approved lenders. When buying a home in New Mexico, FHA loans can provide you with the funds you need with minimal qualification.

Originally created to make home loans more accessible, FHA mortgages have low credit requirements, low down payment options, and some of the best mortgage rates available. Loan limits for FHA mortgages are determined by local housing prices and differ by county in New Mexico. When deciding on a mortgage, remember to practice patience and persistence. Always set aside time to compare rates and lenders, rather than accepting the first offer presented. For more information, check out our main page on FHA mortgage rates.

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