Albuquerque Mortgage Broker & Today's Rates
Local, independent mortgage brokering for Albuquerque and all of Bernalillo County. Live rates as of 9/25/2026 from PSd Mortgage
Local, independent mortgage brokering for Albuquerque and all of Bernalillo County. Live rates as of 9/25/2026 from PSd Mortgage
Vancellen Sturgeon · NMLS ID 183922
Looking for the best mortgage rates in Albuquerque? PSd Mortgage is a local New Mexico mortgage broker that shops multiple lenders for your Bernalillo County purchase or refinance. From the Westside and North Valley to Nob Hill and the foothills, we help first-time buyers, move-up buyers, and investors compare FHA, VA, conventional, and jumbo options in one place.
Call (505) 908-1057 for today's Albuquerque rates, or start your pre-approval online.
Mortgage rates in Albuquerque change with the market every day, so working with a local broker who monitors pricing daily matters. PSd Mortgage shops several lenders for Bernalillo County buyers to help you lock the best rate and closing-cost combination for your scenario. Run the numbers on our affordability calculator and monthly payment calculator, then call for a quote built on the Bernalillo County property taxes that will actually go into your escrow.
Entry and mid-level resale homes were commonly closing between $325,000 and $410,000 in fall 2025, with the average home value near $340,000. Foothills, North Valley, and Sandia Heights properties ran higher. Townhomes and infill units under $300,000 kept more 3%-down and FHA options open.
Active areas included Nob Hill, North Albuquerque Acres, Ventana Ranch, and the Westside growth corridors. A high share of Albuquerque closings had been all-cash, so financed buyers benefit from having rate, points, and MI set up correctly to compete with faster closings.
Recent New Mexico 30-year fixed purchase quotes were being published around 5.99% to 6.35%, with 15-year fixed loans in roughly the 5.5% to 5.8% band. Most Albuquerque purchases at or below $400,000 fit standard conforming pricing, which helps keep monthly payments predictable.
Albuquerque spans a wide range of price points, and where you buy often decides your loan type and down-payment strategy. A quick guide:
Established neighborhoods with strong demand; a mix of conventional and FHA buyers.
Higher price points that can approach or cross into jumbo territory on larger homes.
Newer product and first-time-buyer price points, strong for 3%-down conventional and FHA.
Character homes and larger lots; financing varies widely by condition and price.
Competing against cash: Albuquerque sees a high share of cash purchases. A fully underwritten pre-approval and a clean rate/points structure help your offer stand up against cash. Call (505) 908-1057 before you shop.
The most popular option in Albuquerque for long-term payment stability and easier qualifying.
Popular with Albuquerque move-up buyers who want the house paid off before college or retirement.
The workhorse loan in the Albuquerque entry market, with lower down payment and softer credit guidelines.
Heavily used near Kirtland AFB, with no down payment and no monthly mortgage insurance for eligible buyers.
Buying your first home in Albuquerque? Beyond FHA and VA, you may qualify for low-down-payment conventional loans, USDA loans on eligible properties in rural areas near Albuquerque, and New Mexico down payment assistance through MFA Housing New Mexico, the state housing authority. PSd Mortgage can check which Albuquerque first-time buyer and down-payment-assistance options fit your situation and pair them with a competitive rate.
As little as 3–3.5% down for qualified Albuquerque buyers.
Zero-down financing for eligible homes in rural areas near Albuquerque.
State assistance can cover part of the down payment and closing costs for qualified Bernalillo County buyers.
Refinancing in Albuquerque can lower your monthly payment, shorten your term, or let you tap equity for improvements. As a broker we can compare a rate-and-term refinance against a cash-out option side by side, which matters in Albuquerque where many owners have built real equity since 2020. Try our refinance calculator to estimate your break-even.
1Pre-approval
We review your credit, income, and assets and issue a pre-approval so you can make offers with confidence.
2Rate shopping
We price your Albuquerque file with several lenders the same day, then lock the rate and closing-cost combination that costs you least over the years you plan to stay.
3Underwriting to close
We manage the file through underwriting and coordinate closing so your Albuquerque purchase or refi closes on time.
PSd Mortgage serves buyers and homeowners across Bernalillo County, including Albuquerque and the surrounding communities. Because conforming and FHA loan limits, property values, and program eligibility can vary by county, we tailor your Albuquerque quote to Bernalillo County guidelines across conventional, FHA, VA, and jumbo loans.
Albuquerque sits comfortably inside every 2026 loan limit, which keeps the widest range of programs open to Bernalillo County buyers.
$541,287 on a one-unit home in Bernalillo County.
$832,750 on a one-unit home. Above that a loan is jumbo and priced on a separate sheet.
No limit on a VA purchase for a buyer with full entitlement, which is common around Kirtland.
At typical Albuquerque pricing, almost nothing pushes a buyer into jumbo territory. Even the higher-end Northeast Heights and North Albuquerque Acres homes usually stay well inside the conforming limit, so you get standard conventional pricing rather than jumbo pricing.
Most financed Albuquerque purchases land in the $325,000 to $410,000 range. Using $350,000 as a working example, here is what each program asks for up front. Closing costs in Bernalillo County run separately and we quote those with the rate.
| Program | Down Payment | Cash Needed on $350,000 |
|---|---|---|
| VA (eligible veterans) | 0% | $0 |
| Conventional, first-time buyer | 3% | $10,500 |
| FHA | 3.5% | $12,250 |
| Conventional, standard | 5% | $17,500 |
| Conventional, no monthly mortgage insurance | 20% | $70,000 |
Because most Albuquerque purchases land under the FHA limit, the choice is usually about which low-down-payment program prices best, not whether one is available.
New Mexico runs a first mortgage program that pairs with a second mortgage for down payment and closing cost help, plus a zero-interest option for lower-income buyers that can be forgiven after ten years. A 620 score and a homebuyer education course are generally required, and both household income and purchase price are capped. Plenty of Albuquerque purchases fit inside those caps, so it is worth checking before you assume you need the full down payment.
Rates change daily with the market. The 30-, 20-, 15-year fixed, FHA and VA rates at the top of this page are pulled from our lender panel and refreshed every business day. For a same-day quote built around your credit, down payment, and property, call PSd Mortgage at (505) 908-1057.
A bank can only offer its own loans. As a broker, PSd Mortgage shops several lenders at once for your Albuquerque loan, which usually means more program choices and better pricing on FHA, VA, conventional, and jumbo mortgages without you applying at multiple banks.
Yes. VA loans are one of our most-requested programs for eligible veterans, active-duty service members, and surviving spouses near Albuquerque, often with no down payment. We shop multiple lenders for the best VA rate and can also help with FHA and conventional options.
For 2026, all New Mexico counties including Bernalillo County use the national baseline conforming limit of $832,750 for a one-unit home. Loans above that are jumbo and priced separately. The 2026 FHA limit in Bernalillo County is $541,287 on a one-unit home, and VA loans have no limit at all for borrowers with full entitlement.
On a $350,000 Albuquerque purchase, VA is $0 down for eligible veterans, conventional starts at $10,500 for a first-time buyer, FHA is $12,250, and $70,000 avoids monthly mortgage insurance entirely. Because most Albuquerque purchases land under the FHA limit, the choice is usually about which low-down-payment program prices best, not whether one is available. Call PSd Mortgage at (505) 908-1057 and we will show you the payment on each so you can compare them properly.
That depends on your income, debts, down payment, and the rate you qualify for. Try our affordability and monthly-payment calculators to estimate a range, then call (505) 908-1057 and we'll firm it up with a pre-approval.
Rio Rancho mortgage rates • Los Lunas mortgage rates • Santa Fe mortgage rates • Kirtland AFB / ABQ VA loans • See all areas we serve
Overall, Van has been amazing to work with! She made my first time home buying experience an excellent one! She walked with me though the process, and was always quick to respond. At the end of the day, she coordinated with different lenders, and got me an amazing rate. I could not have picked a better partner to work with! Van has been a huge blessing from the Lord!
Van from PSd Mortgage is amazing to work with. Her persistence with the lender and realtor team enabled us to close early. We highly recommend Van and PSd Mortgage.
Van is INCREDIBLE! She is on top of her game and will always go ABOVE & beyond for her clients. I had a house deal fall apart 4 days before closing, she was the only one in my corner fighting for me. I came out the other side and I was able to close on a new property quickly with her help!! I am now a customer for life - Thank you Van!!!
Van with PSd Mortgage was absolutely incredible. We had a very quick closing date and Van was exceptional in getting items/documents in place and coordinating with all of the parties involved. I would highly recommend!
Vancellen made us feel like we were family. What a great help she was for all of our needs. Would recommend her to anyone who needs a fantastic mortgage broker. She is a very caring person.
Great experience with Vancellen, she helped find great mortgage rates on both of our home purchases in Jemez Springs and Los Alamos area. She was always very quick to respond to questions and provided honest insight. I would highly recommend PSd Mortgage. Kyle F
Van Sturgeon is a miracle worker! She guided me through every step of the mortgage process, and was ALWAYS available whether by email, text or phone. She knew exactly what was needed, was extremely patient, and found an excellent loan at excellent rates for my new home purchase! The contract almost fell through 5 days before closing because of the appraisal valuation, but Van was steadfast about what needed to be done to make it work. I closed on my beautiful home yesterday, and it went without a hitch. Thank you so much, Van! You made all my dreams come true. I highly recommend Van Sturgeon to anyone seeking a home loan.
Working with Van made refinancing very easy. I had a lot of questions that were answered honestly. I wish more lenders had these ethics. I chose PSD after shopping many other lenders, and it was a great choice. I highly recommend Van and her company and will return for future needs.
We have used Van in a few times and I wouldn't go with anyone else for our brokerage needs. She is quick to respond, attentive and always looking out for the best interests of her clients.
Van is very dedicated and is always up to date with the industry, thus being able to provide the best all around service to her clients. She is passionate about providing a great experience and making sure that no matter what the situation, her borrowers are always best position possible. Dedicated, Passionate and Consistently closing loans in under 20 days, Van, Rick and the team at PSd. are not only great at mortgages, they are truly great people and I am very proud and honored, to be able to work with the Team at PSd.!
My family and I highly recommend Vancellen Sturgeon. She was extremely responsive at all hours of the day or evening. Her ability to work quickly and get title to close our loan in record time was impressive and we are extremely grateful. Vancellen Sturgeon has also closed loans for two of my other family members and has earned our future business.
PSd Mortgage provides rate shopping and mortgage options throughout New Mexico and Colorado. Below are the primary markets we serve, but we're not limited to these locations:
• Alamogordo • Albuquerque • Carlsbad • Clovis • Farmington • Hobbs • Las Cruces • Los Lunas • Rio Rancho • Roswell • Santa Fe • Sunland Park