Your real estate agent and mortgage loan officer can help you understand the loan solutions available when purchasing a foreclosed home in New Mexico. As a result, Albuquerque, NM mortgage rates today are lower than jumbo interest rates in Albuquerque, NM. Loan is subject to credit approval. It pays to shop around for mortgage rates in Albuquerque, NM. Search for a property listing in Albuquerque, NM The home-buying process can be exciting, whether you are considering new or existing homes or Albuquerque, NM foreclosures. With this loan, buyers have three decades for pay off their home and as the years pass more of your payments go toward equity and less goes to the interest. COMPLIMENTS OF: Waylon Gentry Branch Sales Manager I NMLS 492542 Bank of Albuquerque Mortgage. Austin Jackson (505) 922-2840 (505) 922-2840. 8251 Golf Course Rd NW. Bank of Albuquerque is a division of BOK Financial (NASDAQ: BOKF), a strong and stable partner with more than $40 billion in assets and over 5,000 employees in 10 … Bank of the West Rate Sheet (Online account opening) Interest Rate and Annual Percentage Yield (APY) - Accurate as of 12-23-2020 Interest rates and APYs are variable and may change as frequently as daily. Search for New Mexico mortgage loan officers in your area and view today’s mortgage rates for fixed-rate and adjustable-rate mortgages. Some of the most well known national banks in the area include: Bank Of America, US Bank and Wells Fargo Bank. Member FDIC. A Certificate of Deposit is a type of savings account that has a set interest rate and withdrawal date. The cost of the PMI is typically added to the monthly mortgage payment. Here's a summary of today's average CD rates in New Mexico, broken down by term. The most popular mortgage is the 30-year fixed-rate mortgage. Search for a property listing in New Mexico. Find the best CD rates by comparing national and local rates. Maximum loan-to-value is 80%. Construction loans are excluded from this offer. The average New Mexico rate for a fixed 30-year mortgage is 3.84%. ©2019 Bank of Albuquerque Mortgage, a division of BOKF, NA. Lower your interest rate. Rates listed reflect the most recently reported rate information provided to the NCUA by credit unions as of December 2015, unless an effective date appears next to the rate. Call us at (505) 880-1700 today. Conforming mortgages and jumbo mortgages are available in terms of 40 years, 30 years, 25 years, 20 years, 15 years and 10 years. Monthly payment amounts vary by loan term and rate. Lock in a fixed rate. Get free, secure, & anonymous NM home loan quotes from New Mexico mortgage lenders. Get free mortgage quotes from multiple lenders to find a competitive rate for your home loan. How to read our rates. Mortgage Refinancing. Jumbo 15 year fixed rates currently priced at 3.75%. The minimum balance required to open this CD is $1,000. Get access to cash. Annual Percentage Yield (APY) is accurate as of 12/10/2020 and applies to the initial term of a new Standard Term CD. PMI stands for private mortgage insurance. Bank of America is the Albuquerque, NM mortgage lender that offers low, competitive rates, tailored guidance for your unique situation, and online resources and mortgage calculators that help clarify the home buying process from beginning to end. FHA and VA 15 year fixed rates currently priced at 3.375%. Mortgage rates valid as of 11 Dec 2020 10:00 am EST and assume borrower has excellent credit (including a credit score of 740 or higher). Shorten your loan term. 3 The APR shown for Home Equity Lines of Credit is valid with a loan to value of 85% or less. Request an official Loan Estimate before choosing a loan to determine costs, fees and charges affiliated with a mortgage purchase or refinance. Find a Bank of America lending specialist in your city At Bank of America, we know there are many New Mexico mortgage loan officers to choose from. When you bank with Main Bank, you ensure that your money stays in our community. 30-year fixed Today’s mortgage rates in New Mexico are 2.939% for a 30-year fixed, 2.761% for a 15-year fixed, and 2.983% for a 5/1 adjustable-rate mortgage (ARM). Rate for the remaining term adjusts at 15 years and is based on the then-current index plus margin, rounded to the nearest eighth of a percentage point, and subject to the floor rate of 4.00%. Fixed rate - your payments stay the same each month for a 30- or 15-year term Adjustable-rate - SunTrust features 10/1, 7/1 and 5/1 ARMs Jumbo loans - used for purchases that exceed the limitations of the above conventional loans; good for … Valid for adjustable rate first mortgages for owner occupied properties. 60-day rate lock period for loan application processing. The current mortgage rates listed below assume a few basic things about you, including, you have very good credit (a FICO credit score of 740+) and you're buying a single-family home as your primary residence.Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each of the different mortgage loans U.S. Bank offers. New Mexico Jumbo Loan Rates The displayed rates and monthly payment estimates assume the following: The borrower has excellent credit. Waylon Gentry. Jumbo 15 year fixed rates currently priced at 3.75%. FHA & VA 30 year fixed rates currently priced at 3.75%. A Fixed-rate mortgage is a home loan with a fixed interest rate for the entire term of the loan. There are many banking options available in the Albuquerque area. Visit the credit union's website for the very latest rate offerings in Albuquerque, New Mexico … It is required on first mortgages if you don't have a down payment of at least 20%. Since your home is probably the largest investment you've made, you'll want to make the most out of it. Mortgage Rates have recently been moving lower amid some of the steep sell-off in U.S. Stocks. Bank of America offers two kinds of CD account types: featured CDs and fixed term CDs. It protects lenders in case you default on your mortgage. Today’s 30 year mortgage rates with minus 0.625 points are at 3.75 percent and 30 year rates with minus 1.25 points are at 3.875 percent. Potential advantages of refinancing: Reduce your monthly payment. ©2019 Bank of Albuquerque Mortgage, a division of BOKF, NA. The displayed interest rates and mortgage products are subject to change and availability. | Equal Housing Lender. We aggregate rates from multiple sources every day to ensure these rates are current and accurate. Albuquerque, NM Mortgage Rates Current rates in Albuquerque, New Mexico are 2.85% for a 30 year fixed loan, 2.29% for 15 year fixed loan and 2.61% for a 5/1 ARM. 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