Albuquerque is a city of diverse neighborhoods, each with its own unique character and charm. From the historic adobe architecture of Old Town to the modern amenities of Uptown, there's a neighborhood to suit every lifestyle and budget. Some popular areas include:

• Northeast Heights: Known for its family-friendly atmosphere and top-rated schools.
• Four Hills: Offers a mix of single-family homes and townhomes, with easy access to shopping and dining.
• North Albuquerque Acres: A scenic neighborhood with large lots and stunning views of the Sandia Mountains.

At NMHL, we're familiar with the pros and cons of each neighborhood and can help you find the perfect home to fit your needs.

At NMHL, we understand that not every borrower fits the traditional lending mold. That's why we offer a range of programs designed to help underserved borrowers, including those with bad credit, self-employed individuals, and veterans. Our mortgage options include:

• FHA Loans: With a down payment as low as 3.5%, FHA loans are a great option for first-time homebuyers.
• VA Loans: Offering zero-down financing and competitive rates, VA loans are a great benefit for eligible veterans.
• USDA Loans: For borrowers purchasing homes in rural areas, USDA loans offer zero-down financing and lower mortgage insurance premiums.

Our experienced loan officers will work with you to determine the best mortgage solution for your unique situation.

Down payment assistance programs can be a valuable resource for Albuquerque homebuyers, helping to reduce the upfront costs of purchasing a home. The New Mexico Mortgage Finance Authority (MFA) offers several programs, including the First Home Program, which provides up to 3.5% down payment assistance. NMHL is an approved lender for these programs and can help you navigate the application process. Additionally, our own Down Payment Assistance program offers up to 4% assistance for qualified borrowers.

Property taxes are an important consideration for Albuquerque homebuyers, as they can impact your monthly mortgage payments and overall cost of homeownership. In Albuquerque, property taxes are assessed by the Bernalillo County Assessor's Office and are based on the property's value. The average effective property tax rate in Albuquerque is 0.83%, which is lower than the national average. However, property taxes can vary depending on the location and value of the property. NMHL can help you factor property taxes into your mortgage calculations and provide guidance on how to minimize your tax liability.