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New Mexico

Home Mortgage Loans

Get The Lowest Interest Rate On
Home Mortgage Loans in New Mexico.


Whether you are a first time home buyer or trading up to a larger home, we work to find the best New Mexico home mortgage solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For New Mexico Home Mortgage Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a home mortgage loan in New Mexico, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is ING DIRECT New Mexico Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for New Mexico home mortgage loans.

New Mexico Overview & Statistics

State Overview

New Mexico is located in the southwestern region of the United States of America. It has been inhabited by Native American populations and has been part of the Imperial Spanish viceroyalty of New Spain, part of Mexico, and a U.S. territory. Among U.S. states, New Mexico has the highest percentage of Hispanic Americans, comprising both recent immigrants and descendants of Spanish colonists. It also has the third-highest percentage of Native Americans after Alaska and Oklahoma, and the fifth-highest total number of Native Americans after California, Oklahoma, Arizona, and Texas. The tribes represented in the state consist of mostly Navajo and Pueblo peoples. As a result, the demographics and culture of the state are unique for their strong Spanish, Mexican, and American Indian cultural influences. The climate of the state is highly arid and its territory is mostly covered by mountains and desert. At a population density of 15 per square mile, New Mexico is the sixth most sparsely inhabited U.S. State.

The state's total area is 121,665 square miles. The eastern border of New Mexico lies along 103 W longitude with the state of Oklahoma, and three miles west of 103.5 W longitude with Texas. On the southern border, Texas makes up the eastern two-thirds, while the Mexican states of Chihuahua and Sonora make up the western third, with Chihuahua making up about 90% of that. The western border with Arizona runs along the 109 03' W longitude. The 37 N latitude parallel forms the northern boundary with Colorado. The states New Mexico, Colorado, Arizona, and Utah come together at the Four Corners in the northwestern corner of New Mexico. New Mexico, although a large state, has little water. Its surface water area is only about 250 square miles. New Mexico's average precipitation rate is only 15 inches a year.

The landscape ranges from wide, rose-colored deserts to broken mesas to high, snow-capped peaks. Despite New Mexico's arid image, heavily forested mountain wildernesses cover a significant portion of the state, especially towards the north. The Sangre de Cristo Mountains, the southernmost part of the Rocky Mountains, run roughly north-south along the east side of the Rio Grande (Big River) in the rugged, pastoral north. The most important of New Mexico's rivers are the Rio Grande, Pecos, Canadian, San Juan, and Gila. The Rio Grande is the eighth longest river in the U.S.


New Mexico Home Mortgage Loan Resources

Listed below are a variety of resources relating to New Mexico home mortgage loans.

New Mexico First Time Home Buyers Grants

New Mexico First Time Home Buyer Programs

Albuquerque Home Mortgage Loan

     Albuquerque Home Mortgage


   
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 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for an Economic Depression in 2011 -2012. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>

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