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Looking for a fha loan specialist in Corrales? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Corrales, NM
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the New Mexico before hiring.
Showing 3 fha loan specialists in Corrales, NM
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Davis Mortgage Ltd.
4313 Corrales Rd Suite 6, Corrales, NM 87048
5059991010
Leland Locke - Davis Mortgage
4313 Corrales Rd Suite 6, Corrales, NM 87048
5055142430
Spence Lewallen - NMLS #779940
4313 Corrales Rd Suite 6, Corrales, NM 87048
5052632000
FHA loan specialists in Corrales, New Mexico help homebuyers secure government-backed mortgages with lower down payments and flexible credit requirements. New Mexico law requires all mortgage loan originators to be licensed through the New Mexico Regulation and Licensing Department. Local specialists understand the unique housing market in Corrales, including property eligibility near the Rio Grande bosque.
What Does a FHA Loan Specialist in Corrales Cost?
Typical costs for FHA loan services in New Mexico include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual mortgage insurance premiums ranging from 0.45 to 1.05 percent. Lender origination fees usually range from 0.5 to 1.5 percent of the loan amount. Closing costs in Corrales typically total 2 to 5 percent of the purchase price. These are general estimates and actual costs vary by lender, loan amount, and borrower qualifications. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the FHA loan limits for Corrales, New Mexico?
For 2024, the FHA loan limit for a single-family home in Sandoval County is $498,257. This limit applies to most areas in Corrales and surrounding communities. Higher limits may apply for duplexes or larger properties.
Do I need a specific down payment for an FHA loan in New Mexico?
FHA loans require a minimum down payment of 3.5 percent if your credit score is 580 or higher. If your credit score is between 500 and 579, you may need a 10 percent down payment. New Mexico does not have state-specific down payment assistance programs, but local housing authorities may offer grants.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the New Mexico.