SMART ASSEST News:SmartAsset, a financial technology company, recently released its fourth annual study on the Best Places to Get a Mortgage.
The study determines top markets by comparing the likelihood of mortgage approval by county, in addition to mortgage rates, average five-year borrowing costs and property taxes. According to the study’s Best Mortgage Markets Index, Los Alamos County ranks among the top locations in New Mexico.
Check out the table below to see how Los Alamos County compares to the other leaders in New Mexico:
|
Rank
|
County
|
Loan Funding Rate
|
5 Year Borrowing Costs
|
Property Tax
|
Annual Mortgage Payment
|
Best Mortgage Markets Index
|
|
1
|
Los Alamos, NM
|
59.77%
|
$75,195
|
$8,370
|
$14,262
|
93.89
|
|
2
|
Curry, NM
|
55.81%
|
$75,195
|
$6,056
|
$14,262
|
93.42
|
|
3
|
Lincoln, NM
|
55.00%
|
$75,195
|
$7,139
|
$14,262
|
92.40
|
|
4
|
Otero, NM
|
53.09%
|
$75,195
|
$7,472
|
$14,262
|
91.31
|
|
5
|
Roosevelt, NM
|
50.94%
|
$75,195
|
$6,315
|
$14,262
|
90.99
|
|
6
|
Santa Fe, NM
|
50.58%
|
$75,195
|
$6,751
|
$14,262
|
90.57
|
|
7
|
Lea, NM
|
49.91%
|
$75,195
|
$6,342
|
$14,262
|
90.50
|
|
8
|
Colfax, NM
|
48.48%
|
$75,195
|
$6,082
|
$14,262
|
89.99
|
|
9
|
Dona Ana, NM
|
51.87%
|
$75,195
|
$9,172
|
$14,262
|
89.73
|
|
10
|
Catron, NM
|
44.00%
|
$75,195
|
$3,446
|
$14,262
|
89.46
|
More information on the study, including the interactive map and methodology can be found here:https://smartasset.com/mortgage/new-mexico-mortgage-rates#newmexico
