$245,000
Median Home Price
$208,000
Avg. Loan Amount
111K
Population
5+
Licensed Lenders
Key Las Cruces Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Sonoma Ranch
$325KNewer development
Mesilla
$295KHistoric village
East Mesa
$265KGrowing area
Las Cruces Real Estate Market
Why Non-QM loans are popular in Las Cruces
Growing demand for flexible mortgage solutions in Las Cruces
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 Las Cruces
What is the minimum credit score for Non-QM loans in Las Cruces?
Most Non-QM lenders serving Las Cruces 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 Las Cruces, New Mexico?
Yes, bank statement loans are available in Las Cruces. 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 Las Cruces?
DSCR loans in Las Cruces 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 Las Cruces?
Non-QM loan amounts in Las Cruces typically range from $100,000 to $3 million or more. With a median home price of $245,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Las Cruces?
The most popular Non-QM programs in Las Cruces include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.