Compare Today’s Mortgage Rates in Lincoln, New Mexico 88338
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Lincoln, New Mexico 88338.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Lincoln, New Mexico 88338. For a 30-year fixed loan, our calculations show that you can expect to save up to $7,782 over the lifetime of your mortgage, which translates to a monthly savings of $22 in Lincoln and other areas of Lincoln county.
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Summary of Average Mortgages in Lincoln, New Mexico 88338
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lincoln, New Mexico 88338
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lincoln, NM 88338. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Lincoln, New Mexico 88338 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lincoln, New Mexico and around Lincoln county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 95.08% | 90.87% | 87.30% | 88.93% | 84.85% | 82.49% | 76.80% | 84.17% | 75.76% |
| avg mortgage rate | 6.67% | 4.71% | 3.08% | 3.53% | 4.61% | 4.71% | 4.26% | 4.01% | 4.10% |
| % 15 year fixed mortgage | 3.28% | 7.60% | 10.48% | 9.84% | 11.62% | 15.25% | 19.20% | 14.17% | 21.97% |
| avg mortgage rate | 5.56% | 4.01% | 2.42% | 2.82% | 3.76% | 4.02% | 3.47% | 3.23% | 3.33% |
| Avg credit score | 745.38 | 788.40 | 759.43 | 761.89 | 758.03 | 749.38 | 757.24 | 757.14 | 761.80 |
| Avg LTV (loan to value) | 76.39% | 77.91% | 79.46% | 80.49% | 79.55% | 76.41% | 77.98% | 80.20% | 77.36% |
| Avg DTI (debt to income) | 34.33 | 34.95 | 32.98 | 32.92 | 33.70 | 33.68 | 31.79 | 31.63 | 30.21 |
| % First time homebuyer | 22.95% | 18.63% | 20.32% | 14.34% | 17.17% | 21.47% | 10.40% | 15.00% | 15.15% |
| Avg mortgage insurance % | 10.98% | 9.22% | 9.37% | 9.89% | 9.60% | 7.99% | 5.47% | 8.06% | 6.27% |
Best Mortgage Brokers around Lincoln, New Mexico 88338
For those searching for a new home in Lincoln, we have compiled a list of the top mortgage brokers located in and around Lincoln, New Mexico 88338 to assist you with your search.
Name
Address
Contact
Ruidoso Mountain Rentals
1800 Sudderth Dr
Ruidoso NM 88338
(575) 257-1085
ruidosomountainrentals@gmail.com
Wells Fargo Home Mortgage
401 Sudderth Dr
Ruidoso NM 88338
(575) 257-6999
http://www.wellsfargo.com/mortgage/
World Finance
394 Sudderth Dr
Ruidoso NM 88338
(575) 257-5840
http://www.worldacceptance.com
Ruidoso Mortgage Co.
1123 Mechem Dr
Ruidoso NM 88338
(575) 258-1316
info@bbbsw.org
Liberty Finance Co.
238 Sudderth Dr
Ruidoso NM 88338
(575) 257-0114
sales@libertyfg.com
Address
1800 Sudderth Dr
Ruidoso NM
Contact
(575) 257-1085
ruidosomountainrentals@gmail.com
Address
401 Sudderth Dr
Ruidoso NM
Contact
(575) 257-6999
http://www.wellsfargo.com/mortgage/
Address
394 Sudderth Dr
Ruidoso NM
Contact
(575) 257-5840
http://www.worldacceptance.com