Albuquerque FHA Loan Rates, Closing Costs & Stats

ALBUQUERQUE, NM

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Albuquerque's 127 lenders originated 3,280 FHA loans during 2024. The total origination value was $951,240,000, with an average FHA loan value of $290,012.

    Albuquerque FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Albuquerque averaged 6.55% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Albuquerque's average FHA mortgage closing costs are $8,287.

    The average rate for the prior week (2025-05-16) was 6.48% and one month ago for the week of 2025-04-18, the average rate was 6.41%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.37%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Albuquerque FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Albuquerque level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Waterstone Mortgage Corporation 369 6.46% $10,958
    GUILD MORTGAGE COMPANY 323 6.46% $12,394
    UNITED WHOLESALE MORTGAGE, LLC 230 6.04% $13,046
    DHI MORTGAGE COMPANY, LTD. 219 5.00% $9,332
    QUICKEN LOANS, LLC 185 6.27% $13,108
    LOANDEPOT.COM, LLC 109 5.93% $10,603
    PRIMARY RESIDENTIAL MORTGAGE, INC. 105 6.54% $8,696
    FREEDOM MORTGAGE CORPORATION 102 6.44% $12,703
    BOKF 79 6.30% $11,857
    DIRECTORS MORTGAGE, INC. 73 6.54% $10,979
    PRIMELENDING, A PLAINSCAPITAL COMPANY 71 6.41% $11,038
    CMG MORTGAGE, INC. 58 6.51% $11,883
    CALCON MUTUAL MORTGAGE LLC 54 6.28% $15,470
    Century Mortgage Company DBA Century Lending Company 43 6.30% $12,726
    PULTE MORTGAGE LLC 40 5.42% $11,602
    PENNYMAC LOAN SERVICES, LLC 37 5.97% $10,888
    HOMETRUST MORTGAGE COMPANY 37 6.23% $11,085
    PLAZA HOME MORTGAGE, INC. 35 6.46% $11,369
    CARDINAL FINANCIAL 32 6.13% $14,451
    MORTGAGE SOLUTIONS OF COLORADO, LLC 32 6.61% $16,471
    Sunflower Bank 32 6.21% $10,040
    NUSENDA 30 6.50% $8,867
    GUARANTEED RATE, INC. 28 6.65% $11,763
    HOMEAMERICAN MORTGAGE CORPORATION 26 5.01% $8,398
    CROSSCOUNTRY MORTGAGE, LLC 25 6.51% $11,451
    MID AMERICA MORTGAGE, INC. 24 6.69% $6,901
    Equity Prime Mortgage LLC 24 6.90% $13,560
    BROKER SOLUTIONS, INC. 24 6.78% $12,356
    HOMEBRIDGE FINANCIAL SERVICES, INC. 22 6.46% $11,170
    Mr. Cooper ( Nationstar Mortgage ) 22 6.67% $15,469
    LAKEVIEW LOAN SERVICING, LLC 21 6.39% $9,727
    NEWREZ LLC 21 6.12% $12,728
    LOANPAL, LLC 18 5.79% $14,108
    Plains Commerce Bank 16 6.45% $13,147
    AMERISAVE MORTGAGE CORPORATION 16 6.30% $15,004
    SUN WEST MORTGAGE COMPANY, INC. 15 6.33% $14,261
    Wallick & Volk, Inc. 15 6.56% $11,316
    BAY EQUITY LLC 15 6.40% $8,675
    Carrington Mortgage Services, LLC 14 6.21% $14,068
    VAN DYK MORTGAGE CORPORATION 14 6.54% $9,717
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.14% $16,741
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 6.10% $11,288
    Sierra Pacific Mortgage Company, Inc. 12 6.30% $11,786
    Flagstar Bank, FSB 12 6.29% $9,883
    MASON MCDUFFIE MORTGAGE CORPORATION 10 6.41% $12,308
    AMERICAN FINANCIAL NETWORK, INC. 9 6.97% $13,080
    MEMBER FIRST MORTGAGE, LLC 8 5.92% $11,544
    AMERICAN FINANCING CORPORATION 7 5.86% $11,862
    SOUTHWEST FUNDING, LP 7 6.55% $15,343
    Loan Simple, Inc. 7 6.71% $17,579
    MOVEMENT MORTGAGE, LLC 7 5.88% $11,629
    MORIA DEVELOPMENT, INC. 6 6.54% $9,778
    EVERETT FINANCIAL, INC. 6 7.00% $11,562
    American Mortgage & Equity Consultants, Inc. 6 6.40% $14,745
    V.I.P. MORTGAGE, INC. 6 5.85% $13,334
    UNION HOME MORTGAGE CORP. 6 6.19% $12,907
    AmeriHome Mortgage Company, LLC 5 6.87% $7,946
    VILLAGE CAPITAL MORTGAGE 5 5.98% $9,919
    DAS Acquisition Company, LLC 5 6.75% $15,606
    Nations Lending Corporation 5 6.48% $12,163
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.28% $15,008
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.53% $13,863
    RELIANCE FIRST CAPITAL, LLC 4 6.56% $14,090
    POLARIS HOME FUNDING CORP. 4 6.94% $15,722
    PANORAMA MORTGAGE GROUP, LLC 4 6.09% $14,805
    PLANET HOME LENDING, LLC 4 6.31% $8,321
    ENVOY MORTGAGE, LTD 4 6.13% $12,401
    VERITAS FUNDING, LLC 4 6.16% $19,590
    ZILLOW HOME LOANS, LLC 4 6.22% $16,876
    Mortgage Research Center, LLC 4 6.75% $6,421
    MOUNTAIN AMERICA 4 5.22% $12,806
    Kirtland Federal Credit Union 3 6.54% $9,915
    Bank of America 3 6.42% $7,137
    Wells Fargo Bank 3 6.46% $9,006
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.42% $8,437
    PHH Mortgage Corporation 3 6.41% $14,946
    HOMESIDE FINANCIAL, LLC 3 6.38% $14,117
    TOP FLITE FINANCIAL, INC. 3 7.04% $15,162
    GENEVA FINANCIAL, LLC 3 6.75% $12,841
    BECKAM FUNDING CORP. 3 7.50% $10,416
    GARDNER FINANCIAL SERVICES, LTD. 3 6.38% $18,452
    COUNTRYPLACE MORTGAGE, LTD. 2 4.75% $10,717
    Gateway First Bank 2 6.63% $9,550
    First National Bank Texas 2 5.94% $11,859
    FIRST COMMUNITY MORTGAGE, INC. 2 6.38% $9,864
    INTERCAP LENDING INC. 2 6.00% $12,154
    JPMorgan Chase Bank 2 6.19% $8,440
    MICHIGAN MUTUAL, INC. 2 6.88% $12,796
    CORNERSTONE HOME LENDING, INC. 2 5.94% $13,247
    NBKC BANK 2 5.87% $11,998
    CASTLE & COOKE MORTGAGE, LLC 2 7.00% $10,154
    Bell Bank 2 5.56% $11,544
    Prosperity Home Mortgage, LLC 2 7.19% $9,612
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.69% $12,606
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.62% $9,048
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $12,909
    OCMBC, INC. 1 6.63% $9,171
    BETTER MORTGAGE CORPORATION 1 5.25% $12,129
    HOMESTEAD FUNDING CORP. 1 5.63% $10,777
    Flanagan State Bank 1 5.63% $9,043
    Chickasaw Community Bank 1 6.13% $12,837
    Barrington Bank & Trust Company, N.A. 1 6.75% $8,767
    RANLIFE, INC. 1 5.75% $13,594
    NFM, INC. 1 5.63% $22,044
    S1L, Inc. 1 8.13% $13,925
    FLAT BRANCH MORTGAGE, INC. 1 7.13% $13,718
    Servion, Inc. 1 6.13% $7,958
    NexBank 1 6.13% $15,408
    Citizens Bank 1 5.13% $11,518
    NEW DAY FINANCIAL, LLC 1 7.50% $11,933
    SUMMIT FUNDING, INC. 1 5.99% $16,401
    GUARANTEED RATE AFFINITY, LLC 1 6.23% $5,796
    Citizens Bank of Las Cruces 1 6.50% $5,321
    The Federal Savings Bank 1 6.63% $9,876
    The Loan Store, Inc. 1 5.63% $10,305
    TJC Mortgage, Inc. 1 6.50% $18,270
    M&T Bank 1 6.25% $7,697
    Commerce Home Mortgage, Inc. 1 6.63% $8,867
    Cornerstone First Mortgage, Inc 1 7.13% $16,111
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 6.38% $7,575
    Encompass Lending Group, LP 1 6.99% $12,167
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $13,926
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $18,774
    CANOPY MORTGAGE, LLC 1 6.63% $15,333
    Paramount Residential Mortgage Group, Inc. 1 5.25% $12,054
    BMO Harris Bank 1 6.00% $6,464
    PNC Bank 1 6.63% $10,340

    The top Albuquerque FHA lender as defined by loan originations is Waterstone Mortgage Corporation, with 369 FHA loans originated. Their average total fees are $10,958, which is $1,437 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Albuquerque FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($6,901), HOMEAMERICAN MORTGAGE CORPORATION ($8,398), BAY EQUITY LLC ($8,675), PRIMARY RESIDENTIAL MORTGAGE, INC. ($8,696) and NUSENDA ($8,867).

    The lowest rate Albuquerque FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.00%), HOMEAMERICAN MORTGAGE CORPORATION (5.01%), PULTE MORTGAGE LLC (5.42%), LOANPAL, LLC (5.79%) and LOANDEPOT.COM, LLC (5.93%).

    Albuquerque FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    ALBUQUERQUE, NM BERNALILLO 2022 $420,680 $538,650 $651,050 $809,150
    ALBUQUERQUE, NM SANDOVAL 2022 $420,680 $538,650 $651,050 $809,150
    ALBUQUERQUE, NM TORRANCE 2022 $420,680 $538,650 $651,050 $809,150
    ALBUQUERQUE, NM VALENCIA 2022 $420,680 $538,650 $651,050 $809,150
    ALBUQUERQUE, NM BERNALILLO 2023 $472,030 $604,400 $730,525 $907,900
    ALBUQUERQUE, NM SANDOVAL 2023 $472,030 $604,400 $730,525 $907,900
    ALBUQUERQUE, NM TORRANCE 2023 $472,030 $604,400 $730,525 $907,900
    ALBUQUERQUE, NM VALENCIA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Albuquerque (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $239,000 (3.9%) $309,398 (2.6%) 0.89 2,764
    2018-02-01 $242,900 (2.9%) $316,882 (3.8%) 0.88 2,688
    2018-03-01 $245,000 (2.1%) $322,196 (5.0%) 0.86 2,614
    2018-04-01 $250,000 (2.1%) $325,360 (4.2%) 0.85 2,726
    2018-05-01 $258,838 (4.0%) $327,541 (3.3%) 0.86 2,915
    2018-06-01 $259,900 (4.0%) $326,481 (1.9%) 0.87 3,143
    2018-07-01 $252,450 (1.4%) $320,215 (-0.5%) 0.84 3,328
    2018-08-01 $249,945 (2.0%) $315,470 (-2.0%) 0.84 3,385
    2018-09-01 $246,895 (1.7%) $313,914 (-1.5%) 0.83 3,330
    2018-10-01 $248,079 (3.4%) $318,151 (0.2%) 0.84 3,307
    2018-11-01 $249,500 (4.0%) $316,601 (1.5%) 0.85 3,106
    2018-12-01 $249,000 (5.1%) $314,653 (1.2%) 0.86 2,839
    2019-01-01 $247,850 (3.7%) $314,277 (1.6%) 0.86 2,466
    2019-02-01 $250,486 (3.1%) $323,390 (2.1%) 0.85 2,368
    2019-03-01 $261,745 (6.8%) $336,380 (4.4%) 0.86 2,286
    2019-04-01 $269,850 (7.9%) $344,436 (5.9%) 0.86 2,311
    2019-05-01 $269,945 (4.3%) $346,574 (5.8%) 0.84 2,430
    2019-06-01 $273,000 (5.0%) $349,731 (7.1%) 0.85 2,622
    2019-07-01 $272,450 (7.9%) $349,816 (9.2%) 0.85 2,647
    2019-08-01 $273,427 (9.4%) $350,030 (11.0%) 0.87 2,636
    2019-09-01 $271,218 (9.9%) $349,280 (11.3%) 0.87 2,620
    2019-10-01 $269,745 (8.7%) $348,172 (9.4%) 0.87 2,604
    2019-11-01 $269,000 (7.8%) $344,662 (8.9%) 0.88 2,387
    2019-12-01 $267,450 (7.4%) $344,502 (9.5%) 0.89 2,071
    2020-01-01 $271,000 (9.3%) $351,019 (11.7%) 0.91 1,777
    2020-02-01 $280,205 (11.9%) $360,057 (11.3%) 0.92 1,707
    2020-03-01 $289,350 (10.6%) $366,954 (9.1%) 0.91 1,671
    2020-04-01 $287,847 (6.7%) $361,363 (4.9%) 0.90 1,771
    2020-05-01 $300,000 (11.1%) $372,529 (7.5%) 0.91 1,694
    2020-06-01 $316,249 (15.8%) $393,225 (12.4%) 0.93 1,466
    2020-07-01 $313,552 (15.1%) $390,189 (11.5%) 0.91 1,354
    2020-08-01 $319,900 (17.0%) $396,875 (13.4%) 0.92 1,329
    2020-09-01 $317,000 (16.9%) $393,988 (12.8%) 0.91 1,303
    2020-10-01 $307,980 (14.2%) $392,321 (12.7%) 0.88 1,290
    2020-11-01 $305,000 (13.4%) $383,636 (11.3%) 0.89 1,267
    2020-12-01 $309,179 (15.6%) $390,182 (13.3%) 0.92 1,051
    2021-01-01 $310,775 (14.7%) $395,496 (12.7%) 0.93 850
    2021-02-01 $315,500 (12.6%) $395,511 (9.9%) 0.92 744
    2021-03-01 $318,500 (10.1%) $401,596 (9.4%) 0.90 703
    2021-04-01 $325,000 (12.9%) $420,196 (16.3%) 0.88 688
    2021-05-01 $329,900 (10.0%) $430,949 (15.7%) 0.88 721
    2021-06-01 $344,975 (9.1%) $434,355 (10.5%) 0.91 861
    2021-07-01 $340,000 (8.4%) $432,695 (10.9%) 0.90 959
    2021-08-01 $340,000 (6.3%) $438,447 (10.5%) 0.91 1,002
    2021-09-01 $346,184 (9.2%) $448,161 (13.8%) 0.92 1,028
    2021-10-01 $359,900 (16.9%) $460,879 (17.5%) 0.96 953
    2021-11-01 $362,450 (18.8%) $464,487 (21.1%) 0.97 833
    2021-12-01 $350,000 (13.2%) $459,248 (17.7%) 0.95 687
    2022-01-01 $369,000 (18.7%) $465,663 (17.7%) 1.00 593
    2022-02-01 $371,870 (17.9%) $477,367 (20.7%) 0.97 566
    2022-03-01 $369,595 (16.0%) $475,091 (18.3%) 0.93 550
    2022-04-01 $379,000 (16.6%) $485,254 (15.5%) 0.90 600
    2022-05-01 $393,581 (19.3%) $482,938 (12.1%) 0.90 784
    2022-06-01 $392,500 (13.8%) $478,435 (10.2%) 0.87 998
    2022-07-01 $390,000 (14.7%) $485,200 (12.1%) 0.88 1,248
    2022-08-01 $394,688 (16.1%) $487,927 (11.3%) 0.91 1,296
    2022-09-01 $385,283 (11.3%) $480,629 (7.2%) 0.90 1,396
    2022-10-01 $385,000 (7.0%) $485,713 (5.4%) 0.91 1,422
    2022-11-01 $379,000 (4.6%) $480,438 (3.4%) 0.91 1,454
    2022-12-01 $375,000 (7.1%) $486,774 (6.0%) 0.93 1,227
    2023-01-01 $377,450 (2.3%) $496,781 (6.7%) 0.94 1,067
    2023-02-01 $386,498 (3.9%) $513,554 (7.6%) 0.93 908
    2023-03-01 $399,500 (8.1%) $525,550 (10.6%) 0.94 870
    2023-04-01 $400,000 (5.5%) $528,442 (8.9%) 0.93 871
    2023-05-01 $412,920 (4.9%) $527,112 (9.2%) 0.94 912
    2023-06-01 $417,012 (6.3%) $524,218 (9.6%) 0.94 1,037
    2023-07-01 $414,495 (6.3%) $521,163 (7.4%) 0.94 1,106
    2023-08-01 $400,223 (1.4%) $510,514 (4.6%) 0.92 1,185
    2023-09-01 $399,000 (3.6%) $491,157 (2.2%) 0.93 1,309
    2023-10-01 $399,950 (3.9%) $496,992 (2.3%) 0.94 1,400
    2023-11-01 $398,500 (5.2%) $489,133 (1.8%) 0.95 1,440
    2023-12-01 $399,500 (6.5%) $496,016 (1.9%) 0.97 1,376
    2024-01-01 $410,000 (8.6%) $499,005 (0.5%) 1.00 1,185
    2024-02-01 $412,500 (6.7%) $511,875 (-0.3%) 0.99 1,122
    2024-03-01 $414,495 (3.8%) $510,977 (-2.8%) 0.98 1,132
    2024-04-01 $410,788 (2.7%) $508,645 (-3.8%) 0.96 1,271
    2024-05-01 $416,388 (0.8%) $514,777 (-2.3%) 0.95 1,391
    2024-06-01 $410,000 (-1.7%) $504,832 (-3.7%) 0.93 1,511
    2024-07-01 $409,750 (-1.1%) $501,627 (-3.8%) 0.94 1,621
    2024-08-01 $400,000 (-0.1%) $487,873 (-4.4%) 0.93 1,700
    2024-09-01 $398,029 (-0.2%) $488,141 (-0.6%) 0.94 1,850
    2024-10-01 $399,900 (0.0%) $490,059 (-1.4%) 0.94 1,895
    2024-11-01 $395,000 (-0.9%) $483,069 (-1.2%) 0.95 1,872
    2024-12-01 $395,000 (-1.1%) $479,700 (-3.3%) 0.98 1,660
    2025-01-01 $395,731 (-3.5%) $477,915 (-4.2%) 0.99 1,532
    2025-02-01 $398,950 (-3.3%) $486,997 (-4.9%) 0.97 1,531
    2025-03-01 $408,297 (-1.5%) $501,032 (-2.0%) 0.96 1,597
    2025-04-01 $419,000 (2.0%) $514,010 (1.1%) 0.97 1,685
    Albuquerque's median listing price for 2025-04-01 was $419,000, a difference of $8,212 (2.0%) versus the prior year and $10,703 versus the prior month.

    Albuquerque's median listing price comes in at 97% of the national average.

    Albuquerque's average listing price for 2025-04-01 was $514,010, a difference of $5,365 (1.1%) versus the prior year and $12,978 versus the prior month.

    For the 2025-04-01 period, Albuquerque had 1,685 MLS listings, a difference of 88 listings (6%) versus the prior month and 414 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Albuquerque (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 72 days 1,994 sqft
    2018-02-01 62 days 2,023 sqft
    2018-03-01 49 days 2,053 sqft
    2018-04-01 44 days 2,075 sqft
    2018-05-01 44 days 2,078 sqft
    2018-06-01 46 days 2,078 sqft
    2018-07-01 49 days 2,057 sqft
    2018-08-01 52 days 2,037 sqft
    2018-09-01 57 days 2,018 sqft
    2018-10-01 58 days 2,020 sqft
    2018-11-01 60 days 2,019 sqft
    2018-12-01 67 days 2,020 sqft
    2019-01-01 70 days 2,009 sqft
    2019-02-01 61 days 2,022 sqft
    2019-03-01 51 days 2,080 sqft
    2019-04-01 45 days 2,120 sqft
    2019-05-01 47 days 2,116 sqft
    2019-06-01 51 days 2,109 sqft
    2019-07-01 45 days 2,095 sqft
    2019-08-01 47 days 2,087 sqft
    2019-09-01 50 days 2,068 sqft
    2019-10-01 54 days 2,068 sqft
    2019-11-01 64 days 2,040 sqft
    2019-12-01 75 days 2,034 sqft
    2020-01-01 72 days 2,053 sqft
    2020-02-01 58 days 2,092 sqft
    2020-03-01 49 days 2,077 sqft
    2020-04-01 50 days 2,050 sqft
    2020-05-01 54 days 2,100 sqft
    2020-06-01 59 days 2,146 sqft
    2020-07-01 57 days 2,125 sqft
    2020-08-01 51 days 2,153 sqft
    2020-09-01 53 days 2,137 sqft
    2020-10-01 50 days 2,099 sqft
    2020-11-01 54 days 2,064 sqft
    2020-12-01 59 days 2,095 sqft
    2021-01-01 66 days 2,078 sqft
    2021-02-01 62 days 2,015 sqft
    2021-03-01 53 days 2,041 sqft
    2021-04-01 49 days 2,051 sqft
    2021-05-01 42 days 2,052 sqft
    2021-06-01 33 days 2,048 sqft
    2021-07-01 36 days 2,000 sqft
    2021-08-01 39 days 2,016 sqft
    2021-09-01 47 days 2,018 sqft
    2021-10-01 52 days 2,092 sqft
    2021-11-01 62 days 2,033 sqft
    2021-12-01 57 days 1,976 sqft
    2022-01-01 69 days 2,001 sqft
    2022-02-01 37 days 1,973 sqft
    2022-03-01 35 days 2,000 sqft
    2022-04-01 32 days 2,000 sqft
    2022-05-01 28 days 2,049 sqft
    2022-06-01 30 days 2,038 sqft
    2022-07-01 32 days 2,070 sqft
    2022-08-01 44 days 2,083 sqft
    2022-09-01 52 days 2,048 sqft
    2022-10-01 56 days 2,025 sqft
    2022-11-01 60 days 2,015 sqft
    2022-12-01 67 days 2,003 sqft
    2023-01-01 75 days 2,004 sqft
    2023-02-01 67 days 2,030 sqft
    2023-03-01 55 days 2,034 sqft
    2023-04-01 48 days 2,067 sqft
    2023-05-01 46 days 2,093 sqft
    2023-06-01 43 days 2,085 sqft
    2023-07-01 45 days 2,073 sqft
    2023-08-01 49 days 2,022 sqft
    2023-09-01 50 days 1,999 sqft
    2023-10-01 52 days 2,045 sqft
    2023-11-01 55 days 2,028 sqft
    2023-12-01 64 days 2,010 sqft
    2024-01-01 73 days 2,022 sqft
    2024-02-01 65 days 2,028 sqft
    2024-03-01 52 days 2,026 sqft
    2024-04-01 51 days 2,010 sqft
    2024-05-01 47 days 2,058 sqft
    2024-06-01 51 days 2,011 sqft
    2024-07-01 53 days 2,014 sqft
    2024-08-01 54 days 1,998 sqft
    2024-09-01 56 days 1,967 sqft
    2024-10-01 58 days 1,986 sqft
    2024-11-01 67 days 1,947 sqft
    2024-12-01 76 days 1,936 sqft
    2025-01-01 77 days 1,910 sqft
    2025-02-01 70 days 1,940 sqft
    2025-03-01 54 days 1,985 sqft
    2025-04-01 54 days 2,023 sqft
    Albuquerque's median listing age (time on market) for 2025-04-01 was 54 days. This is 6% longer than the same period one year ago.

    Albuquerque's median square footage for active listings during the 2025-04-01 period was 2,023 sqft. One year prior, the average listing was 2,010 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).