NMHL Mortgage Lending
Mortgage Lender in Las Cruces, NM
Local expertise and competitive rates for Las Cruces homebuyers.
Las Cruces Housing Market Overview
Explore mortgage options in Las Cruces, NM with NMHL. Our local expertise helps you navigate the Las Cruces real estate market with competitive rates and personalized service.
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Las Cruces
Explore mortgage options tailored to Las Cruces homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Understanding the Las Cruces Housing Market
The Las Cruces housing market is characterized by a mix of older homes and new construction, with a growing trend towards more modern, energy-efficient properties. The median home price is around $240,000, making it an attractive option for first-time homebuyers and those looking to upgrade or downsize. Neighborhoods like Sonoma Ranch and Las Cruces High School's attendance zone are particularly popular.
NMHL's local expertise helps you navigate the complexities of the Las Cruces market, from understanding the impact of property taxes to identifying the best neighborhoods for your needs.
Contact NMHL today to schedule a consultation and take the first step towards homeownership in Las Cruces.
Las Cruces Neighborhoods to Consider
Las Cruces is home to a diverse range of neighborhoods, each with its own unique character. Some popular areas include:
- Sonoma Ranch: A master-planned community with a mix of single-family homes and townhomes.
- Mesilla: A historic neighborhood with charming adobe homes and a strong sense of community.
- Las Cruces Highlands: An upscale neighborhood with larger homes and scenic views.
NMHL can help you explore these neighborhoods and find the best fit for your lifestyle and budget.
Let's find your dream home in Las Cruces together.
Down Payment Assistance Programs in Las Cruces
NMHL offers a range of down payment assistance programs to help Las Cruces borrowers achieve their homeownership goals. These programs include the New Mexico MFA's First Home program, which provides up to $7,500 in down payment assistance, as well as our own NMHL Down Payment Assistance program.
Our team can help you determine which programs you're eligible for and guide you through the application process.
Don't let down payment costs hold you back from achieving your homeownership dreams.
Mortgage Options for Underserved Borrowers
At NMHL, we're committed to helping all Las Cruces borrowers achieve their homeownership goals, regardless of their credit history or financial situation. Our specialized loan programs include options for borrowers with bad credit, self-employed individuals, and veterans.
Our team is dedicated to finding the right mortgage solution for you. Contact us to learn more about our programs and get pre-approved today.
NMHL is here to help you achieve your homeownership goals, no matter what challenges you may face.
Frequently Asked Questions
The average effective property tax rate in Las Cruces is approximately 0.83%, which is slightly higher than the national average. Homeowners in Las Cruces can expect to pay around $2,000 per year in property taxes on a median-priced home. NMHL can help you factor property taxes into your mortgage planning.
Las Cruces is served by the Las Cruces Public Schools district, which includes several highly-rated schools. Homes in areas with top-performing schools tend to retain their value better and may appreciate more over time. NMHL can provide guidance on how school districts impact home values in Las Cruces.
New Mexico offers several programs for first-time homebuyers, including the New Mexico Mortgage Finance Authority's (MFA) First Home program, which provides up to $7,500 in down payment assistance. NMHL can help you navigate these programs and determine your eligibility.
Yes, NMHL offers mortgage options for borrowers with less-than-perfect credit. Our FHA and subprime loan programs can help you qualify for a mortgage even with a credit score as low as 580. Contact us to discuss your options.
NMHL offers specialized loan programs for self-employed borrowers, including our 'Bank Statement' loan product, which uses 12-24 months of bank statements to verify income. This can be a great option for borrowers with non-traditional income or those who have difficulty qualifying through traditional means.
Getting pre-approved for a mortgage with NMHL is easy. Simply contact us to schedule a consultation, and we'll guide you through the process. We'll review your credit report, income, and other factors to determine your pre-approval amount.
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Ready to Buy in Las Cruces?
Let NMHL help you navigate the Las Cruces housing market with expert guidance and competitive rates.