WE OFFER VARIOUS LOANS PROGRAMS TO MEET YOUR NEEDS
Our Mortgage Department offers a full array of home loans, each delivered with prompt, responsive service and at hours that fit your schedule. We understand that the mortgage process may cause you to have a considerable number of questions along the way and we stand ready to provide accurate, complete answers as we tailor the right mortgage solution to meet your unique financial needs.
Conventional Mortgage Loans
A conventional loan is a mortgage that is not guaranteed or insured by any government agency. It is typically fixed in its terms and rate. Our mortgage lending experts are here to assist you throughout the entire process of securing your home. If you have decided to purchase your first home or your fifth home, we provide you with detailed information to help you craft a financial strategy that will work for you.
You will be asked to create an account. By creating an account, you can save your loan application and return to complete it at any time.
FHA and VA Loans
The Federal Housing Administration (FHA) and the US Department of Veteran Affairs (VA) offer government mortgage loans that have features such as low down payment options, which may make them easier for homebuyers to obtain. FHA and VA loans are not just for the first-time homebuyer and can offer many benefits. Our mortgage lenders will assess your financial situation, educate you on programs that may fit your needs and make your dream home a reality.
MFA First-time Home Buyer
The MFA program offers a first-time homebuyer with down payment and closing costs assistance. If you are a first-time homebuyer, there are many resources and special programs available to you.
Construction Loans
Construction loans to permanent financing; just one easy application. At First New Mexico Bank, our team of lending professionals can provide competitive construction loans for your new residential construction project. The loan can include the construction loan period and long-term financing to build your new dream home.
Is Refinancing Right For You?
Depending on when you purchased your home, you may be paying a much higher rate of interest than you need to. Generally, it's a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage or you presently have an adjustable rate mortgage that is likely to rise in the months to come. For more details, speak to one of our mortgage loan experts at (575) 556-3000.
NOTE: All credit applications are subject to standard credit and underwriting approval.
You will be asked to create an account. By creating an account, you can save your loan application and return to complete it at any time.