Mortgage Loan Options in Rio Rancho and Albuquerque, NM

Frost Mortgage, Inc., provides local borrowers with a variety of home loan options. Heather Foote-Jasso can help you find the best mortgage products in the Albuquerque, New Mexico area, and the surrounding communities including Rio Rancho and Los Lunas. ¬She also specializes in home loans for low-income Albuquerque residents.

Mortgage options for New Mexico residents include 30- and 15-year fixed mortgages, adjustable-rate mortgages, manufactured home loans and 2/1 buy down programs.

Additionally, Heather and her team can assist you with government mortgage loan options:


Lenders need to determine whether you fit their basic financial criteria before granting you a home loan. Our team assists you during the Albuquerque pre-qualification process by gathering information about your income, assets, credit and debt. We want to simplify the home buying process for you, so allow us to help you with a fast and easy mortgage pre-approval.


First-Time Homebuyer

First-time homebuyers in Albuquerque might feel overwhelmed at the number of financing options available. Our team is here to help you gain a better understanding of the market and the benefits of each loan. With our expertise, you’ll be better equipped to decide which option will best suit your needs.


Down Payment Assistance

Our down payment assistance programs in Albuquerque help homebuyers get a loan with a lower down payment. Our experts can show you a number of ways to reduce your down payment requirement and even find grants to help assist you.


New Construction Loan

We’re here for you when you need financial assistance in building your new home. We look for new construction loans in Albuquerque that best match your situation. These types of funding programs are short-term loans that cover the cost of your construction project. Consider applying for one before getting a long-term mortgage.


Low Credit Loan

Homeownership may be possible even with a low credit score. In fact, the government backs various mortgage programs specifically for people whose financial situation is less than optimal. You just need to know where to look. Trust our mortgage experts to help find a low credit loan in Albuquerque especially for you.


Reverse Mortgage

Seniors who are 62 and older may apply for an FHA-insured reverse mortgage loan and convert their home equity into cash. The best part is you won’t even need to worry about monthly mortgage payments. Allow us to assist you in learning more and obtaining an Albuquerque reverse mortgage. Our loan officers have your best interest in mind.



Refinancing your existing mortgage may be an easy solution for bettering your financial situation. You can refinance to lower your interest rate, shorten your mortgage term, switch between fixed-rate and adjustable-rate mortgages and/or consolidate debt. Count on our home loan experts to find Albuquerque refinancing solutions that fit your unique financing needs.


Home Loan

Our Albuquerque home loan officers cater to the various home loan needs of our local community. From first-time buyers with a limited budget to current homeowners who are downsizing, our clients can count on us to find the most suitable, affordable mortgage plan. Contact us with your financing questions and we’ll help you find a solution.


VA Loan

The U.S. Department of Veterans Affairs helps veterans and service members by offering a mortgage assistance program. The federal government helps returning service members and their families buy a home without worrying about down payments and credits. Our Albuquerque VA loans are issued by private lenders and guaranteed by the VA.


FHA Loan

The Federal Housing Administration provides mortgage products for low-income borrowers. And as of 2019, borrowers can finance up to 96.5 per cent of their home’s total value. Our Albuquerque FHA loans have lower down payments and credit score requirements than most conventional loans. This is also a popular option for first-time homebuyers.



The U.S. Department of Agriculture makes buying a home well within your reach. USDA issues home loans through the USDA Rural Development Guaranteed Housing Loan Program. Our Albuquerque USDA loan option is a zero-down mortgage for eligible homebuyers in rural areas. We can help you understand and obtain USDA loan guarantees, direct loans, and home-improvement grants.


Conventional Mortgage

A conventional mortgage generally refers to a loan not offered or backed by government entities such as the FHA, the VA or the USDA. Our Albuquerque conventional mortgage programs offer competitive rates, flexible terms, and are available through private lenders or the government-sponsored Fannie Mae and Freddie Mac enterprises. We’ll guide you through the process.