Compare New Mexico's Best Reverse Mortgages!
Compare New Mexico's Best Reverse Mortgages!
Close Menu
Home / Lenders / Reverse Mortgage Lenders, New Mexico

New Mexico's #1 Reverse Mortgage

Your instant quote includes eligibility, real-time rates, & built-in advice to help you find your best program!


Reverse Mortgage Calculator
(may take up to 15 seconds)

In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
‹ Back

Great! It looks like your home value estimate is about

If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
‹ Back

The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
Your Age
Spouse Age
‹ Back

Great News! Your ARLO analysis is ready

Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
BBB A+ logo 2021 BBB Torch Award Finalist
We maintain an A+ exemplary rating by the Better Business Bureau with a perfect 5-Star customer review.
(Needed to validate request)
‹ Back
Your FREE Report Includes:
  • Real Time Analysis  (Next Step)
  • Analysis Via Email
Example ARLO Quote
From America's #1 Rated Reverse Mortgage Lender

 Top Reverse Mortgage Lenders in New Mexico

Lender Rating Years in Business Stars (0-5) Good Review % Complaints BBB
Advisors Mortgage Group A+ 24 1.6/5 33% 5 Source
American Advisors Group (AAG) A 19 4.7/5 95% 73 Source
American Pacific Mortgage F 28 1.5/5 30% 16 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 28 4.8/5 96% 45 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 19 Source
GoodLife Home Loans A+ 11 4.4/5 88% 0 Source
Guild Mortgage Company (Formerly Cherry Creek LLC) A+ 63 1.3/5 26% 42 Source
HighTechLending Inc A+ 18 4.9/5 98% 0 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 4.0/5 80% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse NA NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 111 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 56 Source
Open Mortgage LLC A+ 21 2.7/5 54% 21 Source
Plaza Home Mortgage Inc A+ 23 2.1/5 42% 24 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.4/5 49% 14 Source
Reviews Updated: 6/17/24
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.

New Mexico Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in New MexicoAvg. Home Value
New Mexico34,659 1821765 $293,540

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

New Mexico Lending Limits

New Mexico lending limits

New Mexico facts

New Mexico ranks as the 36th most populous state in the U.S. and the fifth largest in terms of land size. As of 2017, about 2,088,070 people resided in the state, with 352, 883 residents being 65 and older. About 66.6% of people in the state are homeowners.

Still know for its rich Native American influence, archaeological evidence shows that the area has been inhabited since about 9200 BC. When Spanish exploration began in the late 1500s, the Pueblo people were firmly established in the region. During the next 200 years, the area would change hands from Spain to Mexico and finally to the United States as a result of the Mexican-American War. New Mexico became the 47th state in 1912.

Albuquerque, famous for its annual balloon fiesta, is the largest city in the state with a population of 555,400. Located along the Rio Grande River, it was established as a Spanish outpost in the early 1700s. Thanks to it positioning along Route 66 and its proximity to atomic laboratories, the population was growing rapidly by 1960. Since then, Microsoft got its start in Albuquerque in the 1970s, and more recently, it was the shooting location for the television show Breaking Bad.

The next largest cities in the “Land of Enchantment” are Las Cruces and Rio Rancho. State capital and artist haven Santa Fe is the fifth largest city and the oldest state capital in the U.S., having been founded in 1608. Nearby Los Alamos is the birthplace of the atomic bomb. The sixth largest city, Roswell, is home to purported extraterrestrial evidence. The main industries in the New Mexico are oil and gas production, tourism and retail, and film. Federal government-funded employers, such as Sandia National Laboratories and the military, are also driving economic forces in the state. The largest employers in the state are Los Alamos National Security LLC, the University of New Mexico, and New Mexico State University.

With a terrain that varies from mountainous to the desert, this state has an arid or semiarid continental climate. Like the landscape itself, the weather differs wildly depending on the location. Rainfall average are at less than 10 inches in some places and more than 20 at others. Snowfall averages fall between three inches and more than 100 in some locations. The state’s average high temperature in July is 86 degrees Fahrenheit, and the average low in January is 17 degrees Fahrenheit.

The average home value in the state is $186,600, and prices are expected to rise an additional 2% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

New Mexico Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAgency IDAddressLanguagesWebsite
SANTA FE COMMUNITY HOUSING TRUST505-989-3960826691111 Agua Fria St
Santa Fe, New Mexico 87501-2467

Did you know? New Mexico state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Additional Resources:
Reversemortgage.org NRMLA Members in New Mexico
HUD.GOV Approved Lenders Search

New Mexico Reverse Mortgages
User rating
(24 votes, average: 4.96 out of 5)
How Do You Rate This Page?
Your Rating
  Sending Your Rating...