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Financing in New Mexico : Real Estate Advice

  • All51
  • Local Info7
  • Home Buying23
  • Home Selling7
  • Market Conditions2

Activity 57
Thu Mar 16, 2017
Hello, I'm a mortgage professional.

Yes, you can buy another house with a VA loan.

VA loans require no down payment.

If you would like help with this or have any questions you are welcome to get in touch with me. ... more
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Thu Apr 7, 2016
Shernandez answered:
Please contact us at Homestart call 505-243-6566
0 votes 2 answers Share Flag
Sat Sep 26, 2015
Vicky.linn11 asked:
I am in the process of purchasing a short sale and we are getting a va appraisal on Monday. Home passed inspection with flying colors besides a broken dual pane window. Only the outer pane…
0 votes 0 Answers Share Flag
Sun May 17, 2015
Yvonne Smith answered:
As an appraisal is only an opinion of value, it would be pretty hard to win. I know there are some bad appraisers out there. I ran into this once before on an FHA loan and here's the worst part...that bad FHA appraisal now stands for a year. You can't just go get another one. In our case, we had to turn away all FHA buyers, while we waited for a VA, Cash or Conventional buyer, in a predominately FHA neighborhood. Really slowed down our sale. It's a broken system. ... more
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Mon Apr 27, 2015
Paula M. Glover answered:
Los Alamos has a wide range of property conditions, which creates a variety of financing needs. HUD, VA and conventional financial is available on almost all properties. I'm happy to assist you in your property and financing needs. Let's talk: (505) 412-400 ... more
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Mon Mar 30, 2015
Pollito Lugo answered:
Hello, My wife and I are moving in, to Las Cruces NM, since we are running our business right here, and we are selling some of our properties in Mexico and 2 of our beachfront lots in Merida Yucatan and Playa Campeche, in order to buy a home here in this beautiful and friendly city, we need an investor to support us in buying the property that we already have seen and are willing to pay a slightly higher interest than any bank without prepayment penalty. we can let guarantees as collateral.

we look for a set period of 30 years, but I would pay in no more than 10 years, (maybe less, as soon as we can sell some of our properties and beachfront lots, so that is the reason why I do not want pre payment penalty)

If you are interested in gaining an acceptable commission also In addition of your interest please call me at (575) -449-06-24 here in Las Cruces NM, until the day March 31, 2015, (when my daughter was born here in Las Cruces NM and then I will have to return to take care of my business in the city of Mexico DF (capital) and Merida Yucat√°n, so after that date please send me an email to show contact info or you can send whatsaap my cell phone in Mexico (01152) (442 ) 1-55-38-89.
... more
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Thu Mar 19, 2015
ann asked:
Executive Summary:

3114 thoreau Medows
Rio Rancho
New Mexico
Purchase Price is $78,000
rehab is $18,000
ARV is about $144,000
Borrower will be financing the total rehab cost
0 votes 0 Answers Share Flag
Wed Aug 27, 2014
Alice Richards Meyerhoff answered:
Yes you can qualify! There are numerous loan programs out there. Fitting you with the right loan and house is key. Lots of questions for you so call or text me.
0 votes 3 answers Share Flag
Fri Aug 1, 2014
Steve Quintana answered:
My suggestion, in Albuquerque, is to contact a local lender with a strong track record who can answer your question to a high degree of certainty, not just as to credit score, but fully and completely. Here are two names for you:

Jason Pike, (505) 898-2400. First Mortgage Company. I have worked with Jason and he had done a good job.

Ben Lucero, Indigo Mortgage, (505) 836-5700
... more
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Mon Jun 2, 2014
sbode10 answered:
Can I get an FHA loan to buy a condo in Albuquerque NM?
0 votes 13 answers Share Flag
Wed Dec 25, 2013
Josh Barnett answered:
Fri Dec 20, 2013
We have a program that allows for condos on leased land.

Let's discuss your loan scenario in more detail.Contact me at 800 315 8803. My name is Bart and I have been in the mortgage business since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario.

Until then, I look forward to hearing from you.

Bart Gabe - 800 315 8803
Lending Nationwide Since 1987
... more
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Thu Oct 31, 2013
Were you able to get this situated? We can do VA purchase with scores as low as 580.

Let me know if you need assistance.

Thanks and good luck
1 vote 5 answers Share Flag
Sun Oct 13, 2013
Leigh-Jo Anzures answered:

I would recommend contacting an attorney who can properly advise on your matter.

Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: ... more
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Sat Sep 7, 2013
Devin Bent answered:
I would not be too happy with water supplied by Santa Fe City or Santa Fe County. This is particularly true as both rely increasing on water from the Rio Grand. If had to use it, I'd install some sort of filtration system for interior use -- maybe triple osmosis.

Some communities have their own wells and filtration systems. They can be better. Also many homes have their own wells. You can have the well tested -- for both volume and quality -- before you buy. If necessary, you either drill deeper sometimes and again you can always install filtration.

I'm lucky. I filter very fine sand out of my well water with a cheap filter and it tastes great and is perfectly drinkable.
... more
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Mon Jul 1, 2013
Randall Ortiz answered:
Contact a lender in your area and they will be able to help you and answer your questions.
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Thu May 30, 2013
Tim Moore answered:
It will not help unless you can explain it very very well.
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