Frequently Asked Questions about Home Loans in New Mexico

At Infiniti Mortgage, LLC, clients in Albuquerque have trusted us to help them find home loan and mortgage refinance solutions to support their dream of home ownership since 2000.

Some of the most frequently asked questions we receive include:

  • Q: What Will the Interest Rates Be for My Mortgage?
  • A: Interest rates change every day. At Infiniti Mortgage, LLC, we shop around on your behalf to trusted banks and lenders to find for the best rates possible.
  • Q: What is the Home Mortgage Loan Process?
  • A: The process begins with a phone call to go through your needs and wants. We will go over your job history, financial history and credit.  We will take your information and use it to shop around for the best rate possible. We will put together the options and present them so you can decide which is best for you.
  • From the initial meeting to move-in takes about 30 days.
  • Q: What Will My Closing Costs Be?
  • A: The closing costs will depend on the loan you qualify for and who you select your loan from.
  • Q: What Are the Requirements to Secure a Loan?
  • A: The requirements are different for different loans.
  • For an FHA Loan:
    • 620 credit score
    • 3.5% down
    • 2 years at your current job
  • For a VA Loan:
    • Active duty, honorable discharge or spouse of a veteran
    • 620 credit score
  • For Refinance:
    • 620 credit score
    • Equity in your home

There may be further eligibility requirements that will depend upon the type of loan.

Helping You Make Your Dreams of Homeownership a Reality

At Infiniti Mortgage, LLC, we want to help make your dreams of home ownership a reality. We have worked hard to earn our reputation as one of the New Mexico’s most trusted lenders. We work to maintain that reputation with every client. We’re here for all of your mortgage questions and needs.

Contact us today if you have questions about home loans, mortgage refinance and home equity loans.