Bank of Albuquerque Mortgage - Albuquerque

At Bank of Albuquerque, we offer a wide assortment of home loans to fit your needs. Explore all your options:

• Conventional home loans
• FHA loans
• Lock and Build program
• Jumbo home loans
• Military home loans (VA)
• Native American home loans
• USDA Rural home loans

Yes! Take advantage of our home loan calculators to see how much house you can afford, what your monthly payments may be, compare mortgage terms, and more.

Whether buying, selling, refinancing, or building a home, a mortgage loan officer can assist you in obtaining financing for your home. Our seasoned mortgage bankers can walk you through the entire mortgage process, providing guidance, answering all your questions, and keeping you informed each step of the way. We can help you select the best mortgage for you and give you expert advice that enables you to make a sound financial decision.

At Bank of Albuquerque, we are dedicated to delivering unparalleled customer service. Contact one of our mortgage bankers to get answers to these questions and more:
• What type of mortgage should I get?
• What will my mortgage rate be?
• How much can be borrowed, and what will be the monthly payment?
• How much down payment do I need?
• What are the credit and income requirements?
• What is the difference between prequalification and preapproval?
• How long does the loan process usually take from application to closing?

You can simply apply online. The application will ask questions about the house you are planning to buy and your finances. It takes less than 20 minutes to complete. If you are pre-qualified, you will be able to move forward with gathering additional documentation and completing the application process. After your application is completed, your Bank of Albuquerque mortgage banker will contact you to answer your questions, and to provide help and guidance throughout the entire loan process.

Once you have spoken to your mortgage banker and provided your intent to proceed, we’ll ask you for a deposit to cover the cost of the appraisal on your home so we can begin to process your request immediately.

We suggest you first assess how much longer you’ll stay in the home. If you plan to own the home for an extended period of time, and the interest rates are 1/2% to 5/8% lower than your current rate, refinancing may be the right choice for you.

Keep in mind that you are starting over. Refinancing replaces your existing loan with a new one. If you refinance at the same loan term on the new mortgage, you may pay more additional interest than you would save by lowering your monthly payment.

At Bank of Albuquerque, we are happy to provide information and guidance, and to discuss your options. If you decide it's right for you, we can help you refinance your home.

If you haven’t found the perfect house yet, maybe it’s time to think about building our own. With our Lock and Build program, you can lock in an interest rate for up to 270 days while your home is being built.

With Bank of Albuquerque's Lock and Build program, we offer one rate drop within 45 days of the lock expiration if market rates go down or when the home is completed, whichever comes first.