$315,000
Median Home Price
$267,000
Avg. Loan Amount
564K
Population
10+
Licensed Lenders
Key Albuquerque Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Nob Hill
$375KTrendy, walkable
North Valley
$425KRural feel, larger lots
Rio Rancho
$295KGrowing suburb
Albuquerque Real Estate Market
Why Non-QM loans are popular in Albuquerque
Growing demand for flexible mortgage solutions in Albuquerque
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Albuquerque
What is the minimum credit score for Non-QM loans in Albuquerque?
Most Non-QM lenders serving Albuquerque require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Albuquerque, New Mexico?
Yes, bank statement loans are available in Albuquerque. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Albuquerque?
DSCR loans in Albuquerque typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Albuquerque?
Non-QM loan amounts in Albuquerque typically range from $100,000 to $3 million or more. With a median home price of $315,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Albuquerque?
The most popular Non-QM programs in Albuquerque include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.