Socorro, NM Conforming Mortgage Rates

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30-Year Fixed mortgage rates today with 0.000% point(s) in Socorro, New Mexico are at 8.375%, 30-year Fixed mortgage rates in Socorro, New Mexico are at 7.250% with 0.500% point(s), 15-Year Fixed mortgage rates today with 0.000% point(s) in Socorro, New Mexico are at 6.750%. Adjustable rates on 5-Year Jumbo ARM loans in Socorro, New Mexico with 2.000% point(s) are at 6.125%., Adjustable rates on 5/1 ARM loans in Socorro, New Mexico with 0.000% point(s) are at 6.875%., Adjustable rates on 7/1 ARM loans in Socorro, New Mexico with 0.000% point(s) are at 7.000%..
Loan Term
Lender
APR / Rate
Payment
Fees and Points
 
District Lending
NMLS #598623
5.394%
15-Year Fixed
5.250%
$3,216 /mo
$3,784
Includes 0.946 points for $3,784
Lender Fees: $0
PADDIO
NMLS #1907
5.865%
15-Year Fixed
5.625%
$3,295 /mo
$6,252
Includes 0.688 points for $2,752
Lender Fees: $3,500
PenFed Credit Union
NMLS #401822
6.312%
30-Year Fixed
6.125%
$2,431 /mo
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
District Lending
NMLS #598623
6.321%
30-Year Fixed
6.250%
$2,463 /mo
$3,004
Includes 0.751 points for $3,004
Lender Fees: $0
PenFed Credit Union
NMLS #401822
6.379%
15-Year Fixed
6.125%
$3,403 /mo
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
District Lending
NMLS #598623
6.570%
5-Year ARM
6.500%
$2,529 /mo
$2,904
Includes 0.726 points for $2,904
Lender Fees: $0
PADDIO
NMLS #1907
6.878%
30-Year Fixed
6.750%
$2,595 /mo
$5,252
Includes 0.438 points for $1,752
Lender Fees: $3,500
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

Socorro, New Mexico Mortgage Rates:

Search and compare mortgage rates and refinance rates in Socorro, NM. Our rate table has a list of Socorro, New Mexico mortgage rates and mortgage refinance rates. You can also use our free mortgage calculator to calculate monthly mortgage payments.

When you start your search for current mortgage rates in Socorro, NM you need to first have an understanding of the types of mortgages available and their corresponding interest rates. Types of rates available in Socorro, NM include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in $regionName listed below.

Mortgage Rates in Socorro, NM December 10, 2023

Lender
Product
Rate
APR
Points
30-Year Fixed FHA
7.250%
9.002%
0.000
30-Year Fixed
8.375%
8.498%
0.000
30-Year Fixed
8.250%
8.411%
0.000
5/6M SOFR ARM
8.250%
8.361%
0.000
20-Year Fixed
8.150%
8.354%
0.000
Show More

The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.

Socorro, New Mexico Lenders and Mortgage Brokers

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Conforming Mortgage Rates Socorro, New Mexico

Compare current conforming mortgage rates and conforming refinance rates in Socorro, NM. You will find banks, credit unions and mortgage companies listed offering today's Socorro, NM conforming mortgage rates and Socorro, NM conforming refinance rates. Fixed conventional mortgages in Socorro, NM are available in terms of 40 years, 30 years, 20 years, and 15 years. Socorro, NM adjustable conforming mortgages are available in terms of 1 year, 3 years, 5 years, 7 years and 10 years.

Conforming mortgage rates in Socorro, New Mexico are rates on mortgages that meet the criteria set out by the Federal Housing Finance Agency. Home loans made for Socorro, NM homes and condos that "conform" to the standards set out by the Federal Housing Finance Agency (FHFA) can be purchased by Freddie Mac, Fannie Mae and the Federal Housing Administration (FHA). Since conforming mortgages made in Socorro, NM can be sold to these government sponsored entities conforming mortgage rates are lower than jumbo mortgage rates.


Map for Socorro, NM Rates & Resources