Compare Current Albuquerque, New Mexico Mortgage Rates

Compare Albuquerque, NM mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Albuquerque.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Albuquerque. Plus, shopping lenders is free and there is no obligation.

Albuquerque, NM Mortgage Rates as of January 22, 2022
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Albuquerque, NM Mortgage Rates Compare?

January 22, 2022

Current mortgage rates in Albuquerque, NM are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Albuquerque, NM Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Albuquerque, New Mexico?

Below we provide helpful information on the real estate market, home prices and housing affordability in Albuquerque. Understand how much you need to earn to afford a home in Albuquerque, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Albuquerque fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Albuquerque is right for you.

The median home value for Albuquerque, NM (Bernalillo County) is $265,734

Based on current mortgage rates and a 10% down payment, you need to make $43,539 per year to buy the median priced home in Albuquerque

With this income, you could qualify for a $239,161 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Albuquerque is $1,008

The median household income for Albuquerque, NM (Bernalillo County) is $60,653

Based on this income, you can afford a home valued at approximately $370,184

The home price you can afford to buy based on household income in Albuquerque is 139% of the median home value which means housing prices are average. Albuquerque (Bernalillo County) ranks 26 out of 33 counties in New Mexico and 2,719 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Albuquerque, NM is average


Loan Limits for Albuquerque, New Mexico

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Albuquerque (Bernalillo County) below.

Conforming loan limits for Albuquerque, NM

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Albuquerque, NM

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Albuquerque, NM

1 unit: $647,200

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