Reverse mortgage in New Mexico
Who provides these loans in New Mexico, where are they made and who offers counseling? HUD's own loan records provide the answers.
- During one year, New Mexico recorded 192 closed HECMs
- The Median home value counted by HUD was $355,500
- Finance of America Reverse handled the most HECMs in New Mexico, with 55
According to HUD's HECM data, New Mexico recorded 192 closed reverse mortgages between September 2025 and August 2026, 0.8% of the 24,529 completed nationwide. It ranked 30th among the 50 states and DC.
The group included 6 that bought a home through HECM for Purchase, 16 that refinanced an earlier HECM and 7 that hit the $1,249,125 limit on value.
New Mexico HECMs compared with national figures
The calculator provides the final two rows.
| New Mexico | Against all HECMs | |
|---|---|---|
| HECMs closed | 192 | 0.8% of all 24,529 |
| Median home value counted | $355,500 | $84,500 less |
| Median principal limit | $159,725 | $34,447 less |
| Principal limit as a share of value | 43.8% | 0.4 points higher |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 3.1% | 2.4 points lower |
| Refinanced HECMs | 8.3% | 2.5 points lower |
| Lenders with a loan here | 16 | of 34 nationwide |
| At age 70: amount left after costs for a median home with no mortgage | $121,058 | $30,482 less |
| Usable in the first year at age 70 | $66,169 | $17,435 less |
Lenders of HECM loans in New Mexico ranked by loan count
In New Mexico, 16 lenders sponsored HECMs. Finance of America Reverse, Mutual of Omaha Mortgage and Longbridge Financial formed the top three. Together, they made 120 of the 192 loans (62%). Please compare the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 55 | 28.6% |
| 2 |  | 33 | 17.2% |
| 3 | Longbridge Financial | 32 | 16.7% |
| 4 | Guild Mortgage | 21 | 10.9% |
| 5 | Traditional Mortgage Acceptance Corporation | 12 | 6.2% |
| 6 | South River Mortgage | 10 | 5.2% |
| 7 | High Tech Lending | 6 | 3.1% |
| 8 |  | 4 | 2.1% |
| 9 | PHH Mortgage | 4 | 2.1% |
| 10 | Plaza Home Mortgage | 4 | 2.1% |
New Mexico local lenders and brokers that originated HECMs
A total of 46 companies took applications for New Mexico HECM loans. Excluding the national names above, the companies that originated the most were Atlantic Avenue Mortgage (13), Waterstone Mortgage (4), Acc Mortgage Lending (4), Xpert Home Lending (2), West Capital Lending (2), Top Flite Financial (2), Psd (2) and Movement Mortgage (2). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Places where New Mexico HECMs originated
Bernalillo County had the most of the 192 loans, with 61, while Santa Fe had 33. Albuquerque (55), Santa Fe (30), Rio Rancho (23), Las Cruces (19) and Los Lunas (5) had the highest city totals. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Bernalillo | 61 | 31.8% |
| Santa Fe | 33 | 17.2% |
| Sandoval | 25 | 13% |
| Dona Ana | 22 | 11.5% |
| Valencia | 11 | 5.7% |
| Otero | 6 | 3.1% |
Reverse mortgage counselors in New Mexico who are HUD-approved
Based in New Mexico, 1 reverse mortgage counseling agency appears on HUD's list. You can find its phone numbers in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Santa Fe, NM | Santa Fe Community Housing Trust | phone, in person, video, online, group | English, Spanish |
New Mexico property tax relief for older homeowners
Bernalillo County's Value Freeze Program stops the taxable value of your primary residence from rising if you are at least 65 and your modified gross income does not exceed $44,200. Tax Savings Programs - Assessor.
Who oversees reverse mortgage lenders in New Mexico
Who regulates mortgage lenders and brokers? In New Mexico, the Financial Institutions Division does. NMRLD | Mortgage Industry Regulations
Data comes from the HUD HECM portfolio snapshot, covering September 2025 to August 2026. See Every state.