We’re continuing to look at the best home mortgage rates around the country, on a local scale, here at Peak Personal Finance. Today, we’re looking at the best mortgage rates in New Mexico.

For this, we are assuming a credit score of at least 700 (FICO), up to 20% in down payment (equity and/or cash), and cash on hand for fees. Talk to your financial adviser and broker before making a decision, of course, and your situation will most likely be different from what’s listed here. This will act as a baseline for your consideration and will not reflect your specifics.

30 Year Fixed Rate Best Home Loans in New Mexico
AimLoan has a 4.5% interest (4.773% APR) offer with a fixed $1,995 fee, 1.922 points, and a 30-day lock in period. To reduce that to zero points, the rate climbs to 4.875% (4.981% APR) and is otherwise the same.

Gold Star Financial has a 4.875% (5.024% APR) offer with $1,135 in fees and 1 point on a 30 day lock in. Reducing that to zero points bumps the rate up to 5.125% (5.186% APR).

The Money Store offers a 5.0% interest (5.075% APR) with no points and $1,395 in fixed fees with a 30-day lock in.

15 Year Fixed Best Home Mortgage Rates in New Mexico
For this term, AimLoan has a 4.25% interest (4.539% APR) offer with 0.709 points and $1,995 in fixed fees for thirty days of lock in. The rate goes up to 4.375% (4.557% APR) to reduce the points to zero.

Gold Star Financial has a 4.375% interest (4.630% APR) offer with one point and $1,135 in fees on a 30-day lock in. To reduce those points to zero ups the rate to 4.625% (4.729% APR).

The Money Store has a 4.5% (4.572% APR) offer with no points, $795 in fees, and a 30-day lock in period.

All banks listed are equal opportunity housing lenders.