Albuquerque FHA Loan Rates, Closing Costs & Stats

ALBUQUERQUE, NM

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 6.4% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

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

The average rate for the prior week (2025-03-28) was 6.5% and one month ago for the week of 2025-02-28, the average rate was 6.48%.

The average rate one year ago was 6.6%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.12%.

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%) 0.00 1,597
Albuquerque's median listing price for 2025-03-01 was $408,297, a difference of $-6,198 (-1.5%) versus the prior year and $9,347 versus the prior month.

Albuquerque's median listing price comes in at 0% of the national average.

Albuquerque's average listing price for 2025-03-01 was $501,032, a difference of $-9,945 (-2.0%) versus the prior year and $14,035 versus the prior month.

For the 2025-03-01 period, Albuquerque had 1,597 MLS listings, a difference of 66 listings (4%) versus the prior month and 465 listings (41%) 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 0 days 1,985 sqft
Albuquerque's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Albuquerque's median square footage for active listings during the 2025-03-01 period was 1,985 sqft. One year prior, the average listing was 2,026 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).