Mortgage lender closing cost rankings in New Mexico (2024)
In New Mexico, homebuyers paid a median of $7,095 in total closing costs on purchase mortgages in 2024, which is above the national median of $6,741. The median interest rate was 6.62% across 16,416 purchase originations. The most active lender was WATERSTONE MORTGAGE CORPORATION with 1,444 originations. The lowest-cost lender (with 50+ loans) was HOMEAMERICAN MORTGAGE CORPORATION at $1,874.
Median Total Costs
$7,095
+5.3% vs national ($6,741)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$2,785
Purchase Originations
16,416
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 9,061 | 6.625% | $5,339 |
| fha | 4,565 | 6.375% | $10,302 |
| va | 2,726 | 6.250% | $7,148 |
| usda | 64 | 6.375% | $7,172 |
Lowest closing cost lenders in New Mexico
Ranked by median total loan costs among lenders with 50+ purchase originations in New Mexico.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,874 | 5.125% | $0 | 73 | −$5,221 | |
| 2 | $3,504 | 6.625% | $375 | 224 | −$3,591 | |
| 3 | $3,849 | 6.500% | $1,495 | 247 | −$3,246 | |
| 4 | $3,931 | 6.125% | $0 | 272 | −$3,164 | |
| 5 | $3,954 | 6.375% | $1,607 | 95 | −$3,141 | |
| 6 | $4,152 | 6.125% | $995 | 320 | −$2,943 | |
| 7 | $4,175 | 6.125% | $250 | 69 | −$2,920 | |
| 8 | $4,320 | 5.500% | $650 | 301 | −$2,775 | |
| 9 | $4,352 | 6.625% | $689 | 83 | −$2,743 | |
| 10 | $4,462 | 6.625% | $1,635 | 89 | −$2,633 | |
| 11 | $4,739 | 6.490% | $2,423 | 201 | −$2,356 | |
| 12 | $4,768 | 6.375% | $2,061 | 402 | −$2,327 | |
| 13 | $4,814 | 6.062% | $925 | 78 | −$2,281 | |
| 14 | $4,876 | 6.625% | $5,097 | 249 | −$2,219 | |
| 15 | $4,970 | 6.625% | $1,674 | 92 | −$2,125 | |
| 16 | $4,995 | 6.990% | $1,465 | 79 | −$2,100 | |
| 17 | $5,235 | 6.500% | $2,143 | 139 | −$1,860 | |
| 18 | $5,654 | 6.625% | $2,100 | 69 | −$1,441 | |
| 19 | $5,818 | 6.625% | $2,240 | 555 | −$1,277 | |
| 20 | $5,820 | 6.500% | $1,355 | 186 | −$1,275 | |
| 21 | $5,960 | 6.625% | $300 | 528 | −$1,135 | |
| 22 | $6,154 | 6.850% | $2,287 | 104 | −$941 | |
| 23 | $6,509 | 6.750% | $2,244 | 75 | −$586 | |
| 24 | $6,561 | 6.250% | $1,753 | 91 | −$534 | |
| 25 | $6,805 | 8.835% | $4,500 | 190 | −$290 |
Includes lenders with 50+ purchase originations in New Mexico. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
Bernalillo County
5,573 originations
Sandoval County
2,224 originations
Doña Ana County
1,848 originations
Santa Fe County
1,203 originations
Valencia County
892 originations
San Juan County
574 originations
Lea County
545 originations
Eddy County
539 originations
Otero County
525 originations
Curry County
431 originations
Chaves County
352 originations
Los Alamos County
283 originations
Grant County
150 originations
Taos County
144 originations
Lincoln County
138 originations
Rio Arriba County
132 originations
Torrance County
129 originations
San Miguel County
103 originations
Roosevelt County
100 originations
See New Mexico closing cost details, fee benchmarks, and county comparisons → New Mexico Closing Costs Guide
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HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.