If you are considering buying a house in the “Land of Enhancement”, you will join two million fellow New Mexico residents. There are less than a million housing units According to the US Census Bureau, the state has a homeownership rate of 66%, but above the national average of 64% 2018 American Community Survey.
The median housing price of New Mexico is $ 174,700, down from the national median of $ 229,700. Home values may be higher in different regions, however, with the county’s most reported average price reaching $ 292,200.
Giants United Home Loans provides mortgages to veterans and military families in all 50 states and Washington, DC, and specializes in VA loans. In 2019, Veterans United Home Loan generated the largest VA loan in the nation.
Before you apply
Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA