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NM FHA Loans in New Mexico

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer NM residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

Local FHA Loan directory for NM :
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New Mexico News
Quoted: DNC Thursday Speaker Highlights

Here are the highlights from Thursday's speakers at the Democratic National Convention.


Secretary of state serving as NM governor

Top Story Headlines Dems choose Obama in thunderous acclamation Barack Obama, claiming a prize never held by a black American, swept to the Democratic presidential nomination on Wednesday as thousands of ...


Short interview on the floor

The above headline applies not just to the unidentified TV interviewer pictured here, but the interview Gov.


Potential Obama veeps get turn on stage

Four officials who were mentioned as possible runningmates for Barack Obama but didn't make it onto the ticket were getting a chance to address the Democratic convention Wednesday night.


Richardson punditry: Bill's still mad at me, but he'll come around

Gov. Bill Richardson played pundit last night at the Democratic National Convention leading up to Hillary Clinton's speech.


DNC: Richardson says Hispanics can make difference in Nov.

New Mexico Gov. Bill Richardson said strong support by Hispanic voters can tip the balance for Democratic presidential candidate Barack Obama in the key swing states of Colorado, Nevada and New Mexico.


Census Bureau: Uninsured rate increases in NM

The percentage of New Mexicans without health insurance has increased although the poverty rate is unchanged, according to a new Census Bureau report.


Governor signs rebate, expanded tax credit bills

New Mexicans earning up to $70,000 are in line for a tax rebate that will average about $87 under legislation signed into law by Governor Richardson.


Poll: McCain has narrow lead in New Mexico

As Democrats prepare to launch their national convention here, a poll conducted for The Denver Post shows Democratic presidential candidate Barack Obama trailing Republican John McCain in New Mexico 45 percent ...


Raton gets racetrack

Though quite a bit of money was at stake in their bid to land a racetrack in eastern New Mexico, Tucumcari representatives were sportsmanlike Monday after getting the bad news.


Hydrogen Road Tour Completed, Despite Bumps In The Road

Hydrogen fuel cell cars from nine automakers completed a 13-day cross-country trip this weekend, in the first such mass U.S. crossing for vehicles powered by a zero-emission technology still in its infancy.


Richardson praises Obama's running mate, but...

BEEN CALLED THE VICE-PRESIDENTIAL VEEPSTAKES. BARACK OBAMA NAMES DELAWARE SENATOR JOE BIDEN AS HIS VICE- PRESIDENTIAL RUNNING MATE.


How Democrats can mine the West

As he accepts his party's presidential nomination on Aug. 28, standing a mile high at the foot of the Rocky Mountains, Barack Obama will be pressing into a landscape long thought impassable for a Democrat ...


Rebate questions answered

Expect to wait a few weeks before finding a rebate check from the state of New Mexico in your mailbox.


FBI Identifies Man Killed By State Police Officer

The FBI has identified a man who was shot and killed by a state police officer after a high-speed pursuit and fight on the Navajo reservation in northwestern New Mexico.


Richardson: Obama's choice of Biden for the best

Gov. Bill Richardson says he got a "very gracious" phone call Friday telling him that he wasn't Sen.


Who will be Obama's running mate?

Prominent democrats around the country are waiting to see who Barack Obama will pick as his running mate.


Presidential politics returns to New Mexico

CANDIDATE JOHN MCCAIN WILL BE IN LAS CRUCES TODAY -- FOR AN 'INVITATION ONLY' TOWN HALL MEETING.


Historic Landmark To Come To Las Cruces

New Mexico Gov. Bill Richardson Thursday made a big announcement about a major new museum coming to Las Cruces.


Obama campaign hires SC staffers

Sen. Barack Obama's presidential campaign has hired two staffers to coordinate the Democrat's South Carolina effort.


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