Compare mortgage rates and fees for leading lenders in Bernalillo, NM. 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 lender offering the best mortgage rates in Bernalillo.
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December 14, 2019
The current average rate for a 30 year fixed rate mortgage in Bernalillo is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Bernalillo, NM (Sandoval County) is $211,126
The median household income for Bernalillo, NM (Sandoval County) is $62,190
Based on current mortgage rates and a 10% down payment, you need to make $39,170 per year to buy the median priced home in Bernalillo
The home price you can afford to buy based on household income in Bernalillo is 159% of the median home value which means housing prices are average
Bernalillo (Sandoval County) ranks 23 out of 33 counties in New Mexico and 2,399 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bernalillo, NM is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bernalillo (Sandoval County) below.
Conforming loan limits for Bernalillo, NM
FHA loan limits for Bernalillo, NM
VA loan limits for Bernalillo, NM
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index