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Santa Fe drives premium STR demand for its arts and adobe-country tourism; Albuquerque offers steady long-term rental yields.
Albuquerque, New Mexico
DSCR Loans in Albuquerque, New Mexico
Business-purpose rental financing for investors buying, refinancing, or scaling in Albuquerque. Local rent + tax context built in.
Updated
Quick answer
Can I get an investment property loan in Albuquerque, New Mexico?
Yes — Simply Approved Mortgages arranges business-purpose financing on non-owner-occupied investment property in Albuquerque, New Mexico, qualified on the property's rental cash flow rather than personal tax returns. Every figure on this page is an estimate and remains subject to a complete application, credit and property review, appraisal where required, and full underwriting.
TL;DR — DSCR in Albuquerque
- • Median home value: $266,700
- • Median 2BR rent: $1,450
- • Cap-rate band: 6–8%
- • Population: 562K
- • Centroid ZIP for HUD FMR: 87102
- • Best rental strategies: SFR, Section 8, Airbnb / STR where permitted
- • Min DSCR: 1.00 (best pricing at 1.20+)
- • Max LTV: up to 80% purchase
- • Vesting: LLC, LP, S/C-Corp
- • Typical close: 15–21 business days
Population
562K
Median home value
$266,700
Median 2BR rent
$1,140/mo
Median 3BR rent
$1,459/mo
Population, median home value, and median rent by bedroom live from U.S. Census ACS ACS 5-Year 2023 (B25031).
Market snapshot
Albuquerque is New Mexico's dominant rental market — federal-employment anchored with steady mid-single-digit yields.
County: Bernalillo County · Centroid ZIP: 87102
Comparing options? See our DSCR loan program or the New Mexico DSCR guide for state-level rules and other markets we lend in.
Also serving New Mexico investors
Section 8 DSCR Loans in Albuquerque, New Mexico
Investing with Housing Choice Vouchers in Albuquerque, New Mexico? Our Section 8 DSCR program qualifies on HAP-backed rent — often the same borrower, different underwriting box.
Strengths
- • Kirtland AFB + Sandia Labs anchor
- • Steady LTR demand
Watch-outs
- • Neighborhood variance
- • Insurance creep
What to have ready
- • Subject property address and purchase price or payoff
- • Executed lease, appraiser 1007, or STR revenue history
- • LLC / entity docs (or we'll help you form one)
- • Two months of reserves in a verifiable account
- • Property insurance quote for the subject address
How Albuquerque typically prices
- • Best pricing at DSCR 1.20+ with 25% down
- • Foreign national: up to 75% LTV (80% select cases)
- • STR income accepted with 12-mo history or AirDNA comps
- • Section 8 HAP contract rent qualifies at face value
- • Close in 15–21 business days once docs are in
Free Albuquerque Investor Guide (PDF)
Fundamentals, Section 8 FMR, Airbnb income model, and DSCR takeaways.
Get pricing for Albuquerque
A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
Start My ApprovalSee Today's RatesReviewed by Simply Approved Mortgages
NMLS #2620881 · Business-purpose investor lending
Last reviewed August 31, 2026
Other New Mexico cities
Live pricing · Albuquerque
Current DSCR Loan Rates for Albuquerque, New Mexico Rentals
Our market data currently lists a Albuquerque median value near $266,700 and roughly $1,450 for a two-bedroom. Treat those as orientation rather than as your file: the coverage ratio that drives a quote is built from the actual rent, taxes, insurance and dues on the property you are buying or refinancing.
Our Albuquerque profile calls out neighborhood variance as a line item to check, alongside kirtland afb + sandia labs anchor on the demand side. Run both through your own numbers rather than assuming a citywide outcome.
Below is live pricing, not a local rate sheet: rate, APR, points or lender credit and payment on each row come from the same quote returned by the pricing engine.
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The three cards above are featured examples from the current snapshot. Enter your own property, credit tier, leverage and rent to see every eligible option for your deal.
Rate & Pricing Disclosure: This quote is an indication for the scenario entered and the pricing available at the time shown. Rates and terms are subject to change without notice and may change or may not be available at commitment or closing. This is not a rate lock, loan approval, commitment to lend or offer of credit. APR reflects applicable borrower-paid finance charges and pricing credits for this quote and may be the APR returned with the quote or our own audited calculation where verified borrower-paid finance charges outside the quoted price apply. Additional lender and third-party costs may apply and may not be included in the APR. Payment shown is principal and interest only and excludes taxes, insurance, HOA dues and other applicable costs, so your actual payment will be higher. Simply Approved Mortgages LLC is a mortgage broker, not the funding lender. Business-purpose, non-owner-occupied investment property only. Equal Housing Opportunity.
APR reflects applicable borrower-paid finance charges and pricing credits for this quote. Depending on the option, the APR shown is either the APR returned with that quote or our own audited calculation, used where verified borrower-paid finance charges outside the quoted price apply. Other lender and third-party costs may apply and may not be included in the APR.
Estimated payment is principal and interest only and does not include property taxes, insurance, HOA dues, flood insurance, escrows or other applicable costs.
Rate questions for this page
Do you price DSCR loans on Albuquerque rental property?
Yes. Albuquerque scenarios are priced through the same pricing engine we use everywhere we operate. Eligible property types, unit counts and program terms are set by each investor and confirmed for your specific scenario.
What most often changes the quote on a Albuquerque property?
The inputs you control or verify: leverage, credit profile, the rent the property supports, and the taxes, insurance and dues carried by the address — which in Albuquerque can vary between neighborhoods and feed straight into the coverage ratio.
Compare rental strategies
SFR vs Section 8 vs Airbnb — Albuquerque, New Mexico
Section 8 · HUD Fair Market Rent
Est. monthly income
—
HUD 2BR FMR (voucher payment standard)
- Annual gross rent
- —
- Gross yield vs median home value
- —
Visual comparison
SFR S8 Airbnb
Monthly income
SFR$1,552
Section 8—
Airbnb$2,232
Gross yield
SFR7.0%
Section 8—
Airbnb10.0%
Side-by-side key numbers
| Metric | SFR | Section 8 | Airbnb |
|---|---|---|---|
| Est. monthly income | $1,552 | — | $2,232 |
| Annual gross | $18,624 | — | $26,784 |
| Annual net (after opex) | $15,830 | — | $18,749 |
| Gross yield vs home value | 7.0% | — | 10.0% |
| Income stability | 12-mo lease | 24-mo HAP | Nightly / seasonal |
| Vacancy exposure | 5–8% | Low | ~39% |
| Regulation risk | Landlord-tenant law | PHA inspections | Local STR ordinances |
| DSCR underwriting | Market rent (appraisal 1007) | HAP contract rent | 12-mo revenue history |
Section 8 figures are live HUD FMR for the ZIP centroid. SFR is modeled from the local 2BR benchmark (~+7% above FMR). Airbnb figures are illustrative — verify with AirDNA/Rabbu before underwriting.
Underwriting note: We can DSCR-qualify to Section 8 HAP rent, long-term market rent, or 12-month STR revenue history.
Price this scenario Rental strategy · Pros, cons & DSCR treatment
Which rental strategy fits your property?
Foreign national DSCR loans finance all three of the most common rental strategies — but each one prices, underwrites, and cash-flows differently. Here's the honest trade-off so you can pick the right one before you write an offer.
12-month lease · the DSCR default
Single-family long-term rental
The lowest-friction rental strategy for foreign national investors. Underwriters have decades of comps, insurance is cheap, and the lease itself is the qualifying income document — no tax returns, no operating history required.
Pros
- +Highest LTV and best pricing across all rental strategies
- +Qualifies on the lease or market rent (1007) — whichever is lower
- +Lowest vacancy assumption (typically 5%) in the DSCR calc
- +Landlord-friendly states (FL, TX, GA, TN, NC) offer fast evictions
- +Insurance, management, and lender comfort are all cheapest here
Watch-outs
- −Lower gross rent than STR in tourist markets
- −Single tenant = 100% vacancy when they leave
- −Rent growth capped by local market and lease terms
- −Limited upside — you're a price-taker on rent
Best for:
Buy-and-hold investors who want predictable cash flow, simple management, and the best loan terms.
How DSCR treats it:
DSCR uses the executed lease or appraiser's 1007 market rent, whichever is lower. Easiest path to a 1.20+ ratio.
Nightly / weekly · income up, scrutiny up
Short-term rental (Airbnb / VRBO)
Short-term rentals can produce 1.5–2.5× the gross income of a long-term lease in vacation and urban-tourism markets — but underwriters treat the income more conservatively and local regulation is the #1 risk to the deal.
Pros
- +Highest gross revenue potential in the right market
- +Personal use possible (subject to program rules) between bookings
- +Dynamic pricing captures seasonal and event demand
- +Cash flow can support higher purchase prices at the same DSCR
Watch-outs
- −Underwriter uses AirDNA/market data or a 12-month operating history — not asking rents
- −Higher vacancy factor (typically 25–35%) baked into the DSCR calc
- −STR insurance costs 2–3× a standard landlord policy
- −Cities and HOAs are actively banning or capping STRs — permit risk is real
- −Management fees run 20–30% of revenue vs. 8–10% for long-term
- −Higher turnover means more wear, more furniture replacement, more headaches
Best for:
Investors targeting vacation destinations (FL Gulf/Space Coasts, Smoky Mountains, mountain-town CO) with a plan to hire pro management and stomach regulatory risk.
How DSCR treats it:
DSCR uses AirDNA comps or 12 months of trailing revenue less expenses. Confirm STR is legally permitted at the property address before you write an offer.
HUD-backed tenant · government pays most of the rent
Section 8 / Housing Choice Voucher
Section 8 pairs a private landlord with a tenant whose rent is partially or fully paid by the local Public Housing Authority (PHA). The government portion of the rent is direct-deposited monthly, on time, regardless of the tenant's personal situation — which is why many buy-and-hold investors love the strategy in working-class markets.
Pros
- +Government-guaranteed portion of rent — near-zero default on that share
- +PHA-set rents often meet or exceed local market rent in C/D-class areas
- +Long tenant tenure — voucher-holders rarely move because vouchers are portable but re-inspection is a hassle
- +Strong demand — waitlists in most metros are 2–5 years long
- +Rent increases are permitted annually within PHA fair market rent limits
Watch-outs
- −Annual HQS (Housing Quality Standards) inspection — property must pass or payments pause
- −PHA lease-up can take 30–60 days after tenant selection
- −Tenant portion (if any) is your collection risk — screen carefully
- −Some PHAs are slow to approve rent increases
- −Higher wear-and-tear in some units — budget realistically for turns
- −Property must be in a Section 8-eligible area (most are; verify with the PHA)
Best for:
Cash-flow investors in Midwest, Southeast, and secondary-market cities where PHA fair market rents beat market rents on C-class SFR and 2–4 units.
How DSCR treats it:
DSCR uses the executed HAP (Housing Assistance Payment) contract + tenant portion, or market rent — whichever is lower. Provide the HAP contract at underwriting.
Not sure which one qualifies best? Send us the address — we'll pull local long-term rent, STR comps, and PHA fair market rent for the ZIP and show you which strategy produces the strongest DSCR on your specific property. Start my scenario review →
Free with your application
Get your DSCR Scenario Summary
Complete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
- HUD FMR rent estimate for the subject property
- AVM property value + max qualifying loan
- Calculated DSCR with PITIA breakdown
- Cash-on-cash and year-one cash flow
Get Your Personalized Rate QuoteTakes ~3 minutes • PDF delivered on the thank-you page and emailed
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Why investors buy here
Investment fundamentals — Albuquerque, New Mexico
Rental demand drivers
- Kirtland AFB + Sandia Labs anchor
- Steady LTR demand
Transit & connectivity
Review neighborhood access to employment centers, schools, medical services, transit routes, and major roads before assuming long-term tenant demand in Albuquerque.
Livability & lifestyle
Albuquerque deals should be checked at the neighborhood level for vacancy, insurance, taxes, HOA restrictions, short-term-rental rules, and landlord/tenant timelines.
Data transparency
Sources & methodology — Albuquerque, New Mexico
Each figure shows its own source date
Section 8 / Housing Choice Voucher payment-standard context and ZIP-level small-area FMR lookups.
- Update cadence:
- Annually, on the federal fiscal year (plus mid-year revisions)
- Freshness shown:
- Live badge driven by HUD's published dataset edit date — turns stale rather than silently ageing
- If unavailable:
- Falls back to HUD's public ArcGIS dataset (still HUD data). If both fail the panel renders an explicit unavailable state; no substituted numbers.
Area median income and income-limit context for voucher and affordability pages.
- Update cadence:
- Annually
- Freshness shown:
- Shows the HUD income-limit year on the panel
- If unavailable:
- Explicit unavailable state; no estimated income limits are generated.
Qualified Census Tract and Difficult Development Area context for investor targeting.
- Update cadence:
- Annual designations; the subsidized-household snapshot is a dated vintage
- Freshness shown:
- The dataset vintage is labelled on the panel rather than implied to be current
- If unavailable:
- Explicit unavailable state.
Macro rate context only: 10-year Treasury and the published 30-year fixed benchmark. Never used as an investor loan quote.
- Update cadence:
- Daily / weekly depending on series
- Freshness shown:
- Each reading shows its observation date; the market-update module flags readings older than 45 days as delayed
- If unavailable:
- Market-update module renders 'Market data feed temporarily unavailable' — the freshness badge never advances when the source did not refresh.
State and metro employment / unemployment context on investor market pages.
- Update cadence:
- Monthly
- Freshness shown:
- Reading period shown alongside the figure
- If unavailable:
- Runs key-less at lower rate limits; on failure the metric is omitted rather than estimated.
Population, household, renter-share, median value and median gross rent context by state and place.
- Update cadence:
- Annual 5-year estimates
- Freshness shown:
- ACS vintage year displayed with the figures
- If unavailable:
- Optional key; runs key-less at lower rate limits. Individual metrics are omitted on failure — never back-filled.
Automated property value and long-term rent estimates for address lookups.
- Update cadence:
- Continuous
- Freshness shown:
- Each estimate carries its retrieval timestamp and an AVM disclaimer
- If unavailable:
- If the key is absent the lookup returns an explicit 'not configured' message; no placeholder valuation is shown.
Short-term rental revenue model (in-house)
Illustrative STR gross revenue bands where a licensed STR data feed is not returning data.
- Update cadence:
- N/A — derived from the underlying rent benchmark
- Freshness shown:
- Labelled as a model estimate, not observed STR performance
- If unavailable:
- Always labelled 'illustrative model estimate' with a prompt to verify against a dedicated STR data provider before underwriting.
Investor pricing engine
Live business-purpose DSCR pricing responses (rate, points or credit, estimated payment, lock period).
- Update cadence:
- Intraday
- Freshness shown:
- Every quote carries the timestamp it was returned; the badge downgrades once the quote is no longer current
- If unavailable:
- Serves the last snapshot only while it is still inside the usable age window; otherwise renders an explicit unavailable state. No sample or illustrative rate is ever displayed as live pricing.
Investment-property equity pricing dataset
First and second lien non-owner-occupied equity pricing grid.
- Update cadence:
- Per wholesale pricing release
- Freshness shown:
- The active version's effective date is rendered dynamically on every pricing card
- If unavailable:
- If no active version exists the tool refuses to price rather than guessing.
Repeat-sale home price appreciation by state (1-quarter, 1-year and 5-year change) on state investor pages.
- Update cadence:
- Quarterly, with revisions
- Freshness shown:
- Each reading shows the quarter it covers; readings older than ~200 days are labelled a delayed refresh
- If unavailable:
- Panel renders an explicit unavailable state — no interpolated or estimated appreciation figure is shown.
New private housing units authorized by state: trailing-12-month volume and the year-over-year change.
- Update cadence:
- Monthly
- Freshness shown:
- Trailing window is labelled with its final month; stale readings are flagged rather than aged silently
- If unavailable:
- Metric is omitted and the panel says so; permit counts are never estimated.
We never display a placeholder, sample or cached-but-expired figure as if it were current. When a source is unavailable the affected panel says so. All figures are provided for informational purposes only, are not an offer or commitment to lend, and are subject to change without notice. Rental income projections are estimates and do not guarantee performance.
Local underwriting checklist
What can make or break a Albuquerque DSCR approval
The loan does not qualify from rent alone. These are the local file items we want investors to check before locking in a purchase contract.
Real rent support
Use the executed lease, appraiser rent schedule, HUD FMR for ZIP 87102, or permitted STR data — not wishful rent.
Taxes after transfer
Albuquerque files should be underwritten to post-closing tax reality, not only the seller's current assessed bill.
Insurance & HOA
Wind, flood, condo master policy, HOA dues, and special assessments all hit PITIA and can push DSCR below target.
Entity & occupancy
LLC, LP, trust, S-Corp, or C-Corp vesting is supported. The property must be non-owner-occupied.
Free with your application
Get your DSCR Scenario Summary
Complete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
- HUD FMR rent estimate for the subject property
- AVM property value + max qualifying loan
- Calculated DSCR with PITIA breakdown
- Cash-on-cash and year-one cash flow
Get Your Personalized Rate QuoteTakes ~3 minutes • PDF delivered on the thank-you page and emailed
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
Loan guidelines
DSCR · Albuquerque, New Mexico program at a glance
Loan amount
$100k – $3M+
Sized to appraised value, program caps, and market comps.
Max LTV
Up to 80% purchase / 75% cash-out
Best pricing typically ~5% below the LTV cap.
Min DSCR
1.00 (best at 1.20+)
In Albuquerque, current 2BR rent near $1,450 typically supports 1.10–1.30 DSCR.
Reserves
6 months PITIA
Verified in a bank statement after close.
Terms
30-yr fixed, 5/6 & 7/6 ARM, I/O options
Rate/term picked to match hold period.
Vesting
Individual or LLC / LP / S-Corp / C-Corp
Business-purpose loans close in your entity of choice.
Ranges are typical program guidelines — not a commitment to lend. Final terms are established in an initial scenario review (formal pricing after underwriting) after underwriting review.
Landlord law & eviction process
New Mexico — landlord/tenant snapshot
Pay-or-quit notice (nonpayment)
3 days
Typical eviction timeline
4–7 weeks
Month-to-month termination
30 days
Security deposit cap
1 month's rent (leases < 1 yr)
Rent control
Prohibited (preemption)
URLTA-based (N.M.S.A. §47-8). Magistrate Courts handle summary process efficiently.
General summary — not legal advice. Verify with local counsel.
Monthly market update
DSCR · Albuquerque, New Mexico rate & market update
Compiled from Freddie Mac PMMS, U.S. Treasury, and BLS releases. Figures are published with the period they cover and the date they were retrieved.
Free with your application
Get your DSCR Scenario Summary for your Albuquerque, New Mexico property.
Complete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
- HUD FMR rent estimate for the subject property
- AVM property value + max qualifying loan
- Calculated DSCR with PITIA breakdown
- Cash-on-cash and year-one cash flow
Get Your Personalized Rate QuoteTakes ~3 minutes • PDF delivered on the thank-you page and emailed
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
DSCR Scenario Summary
Est. rent (FMR)$2,840
Property value$412,000
Calculated DSCR1.28
Max loan (80% LTV)$329,600
PITIA$2,210
Cash flow (Y1)$7,560
Simply Approved Mortgages • NMLS #2620881
Free investor tools
Albuquerque DSCR fit tools
Estimate DSCR on a Albuquerque rental, find the largest loan the property qualifies for, and generate a scenario a licensed LO can price today.
Load an illustrative example
Pick a deal shape to load illustrative starting numbers, then edit every field to your own deal. These examples are not program terms, published pricing, leverage limits, or ratio requirements, and no figure is represented as typical or available.
DSCR Ratio Calculator
Estimate the ratio using the standard formula: DSCR = Gross Monthly Rent ÷ PITIA. DSCR underwriting generally focuses on the property's cash flow rather than a conventional personal debt-to-income calculation; documentation requirements vary by lender, program, borrower and scenario.
Section 8 rent check — HUD Fair Market Rent
Pull the current HUD FMR by ZIP or county and compare it to your market rent.
Open-market rent check — Census ACS median rent
Pull the published median market rent for a state or investor city and compare it to the HUD Section 8 payment standard.
Your DSCR
1.21
Rent covers estimated PITIA (ratio 1.00–1.24)
- Principal + Interest
- $1,767 / mo
- PITIA
- $2,197 / mo
- Cash flow (pre-vacancy)
- $453 / mo
Estimate only. Not a rate lock or commitment to lend.
Loan Size & LTV Scenario
An illustrative loan size constrained by the loan-to-value and target DSCR you enter: min(your LTV assumption × value, loan that solves your target ratio). These are your assumptions, not program limits, and this is not an eligibility determination.
Estimated loan amount under these assumptions
$288,000
Limited by: your LTV assumption
- Implied LTV
- 80.0%
- Cash to close (down)
- $72,000
- Estimated PITIA
- $2,524 / mo
- DSCR at this loan
- 1.05
Illustrative math based on the assumptions you entered. Actual eligibility, leverage, ratios and pricing vary by lender, program, credit profile, property type and state, and are determined in underwriting. Not an approval, eligibility determination, or commitment to lend.
Keep exploring
More New Mexico investor resources
Jump into the New Mexico state guide, our DSCR program, current rates, and other New Mexico markets we lend in.
Program hub
DSCR loan requirements →
Rates, LTV, DSCR formula, documents, business-purpose rules, and the full application path.
State guide
New Mexico DSCR guide →
State-level lending notes, top markets, landlord rules, rental benchmarks, and links to city pages.
Pricing
See Today's Rates →
Review current rate context before sending the subject property for exact an initial scenario review (formal pricing after underwriting).
Top New Mexico markets investors compare with Albuquerque
Other New Mexico markets we lend in include Albuquerque, Santa Fe, Las Cruces.
Free with your application
Get your DSCR Scenario Summary
Complete the short pre-qualification form and we send back a full DSCR analysis: HUD Fair Market Rent, AVM value, calculated DSCR, PITIA breakdown, and the max qualifying loan amount up to 80% LTV.
- HUD FMR rent estimate for the subject property
- AVM property value + max qualifying loan
- Calculated DSCR with PITIA breakdown
- Cash-on-cash and year-one cash flow
Get Your Personalized Rate QuoteTakes ~3 minutes • PDF delivered on the thank-you page and emailed
Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Formal pricing, LTV, and terms are issued only after credit review, income/asset documentation, and full underwriting.
FAQ
Albuquerque DSCR loan questions
Answers to the most common investor questions about DSCR loans in Albuquerque, New Mexico.
Do you lend on DSCR investment properties in Albuquerque, New Mexico?
Yes. We fund business-purpose DSCR rental loans in Albuquerque and throughout New Mexico on 1–4 unit residential, warrantable condos, townhomes, and select small multi-family properties.
What is the minimum DSCR to qualify in Albuquerque?
Most programs allow a minimum DSCR of 1.00, with best pricing at 1.20 or higher. In Albuquerque, current rents and taxes typically support 1.10–1.30 DSCR on well-priced deals.
What is the maximum LTV on a Albuquerque DSCR loan?
Up to 80% LTV on purchases — 85% only as an exception at 740+ FICO on an SFR with a 30-year fixed — and 70–75% on cash-out refinances, subject to credit score, DSCR, reserves, and property type. Best pricing is usually 65–70% LTV.
Can I close in an LLC or entity in Albuquerque?
Yes. LLC, LP, S-Corp, C-Corp, and trust vesting are all supported with a member/manager personal guarantee. This is standard for business-purpose loans in New Mexico.
Do you lend to foreign nationals buying in Albuquerque?
Yes. Foreign nationals and ITIN borrowers can purchase or refinance Albuquerque rentals with a DSCR loan — no US credit or US tax returns required, up to 75% LTV on purchase and 70% on cash-out.
What credit score do I need for a Albuquerque DSCR loan?
Programs start at a 660 FICO, with the strongest pricing at 720+. Lower scores may still qualify with stronger DSCR, larger down payment, or additional reserves.
How is rental income calculated on a Albuquerque property?
We use the lower of the executed lease or the appraiser's Form 1007 market rent. Short-term rental income can be used with 12 months of history or AirDNA/permit-supported projections where local rules allow.
Can I use Section 8 / HUD FMR rents in Albuquerque?
Yes. If the unit is enrolled in the Housing Choice Voucher program, the HAP contract rent counts as qualifying income. HUD FMR is also a useful benchmark for underwriting Albuquerque deals to realistic rent.
Are short-term rentals (Airbnb/VRBO) allowed for DSCR in Albuquerque?
Yes, where the city and HOA permit it. Albuquerque STR deals need proof the property is legally permitted, plus supporting income data (existing bookings or market data) to underwrite.
How much money do I need down to buy in Albuquerque?
Plan on 20–25% down plus closing costs and 6 months of PITIA reserves. Exact amount depends on DSCR, credit, and loan size.
How fast can we close a DSCR loan in Albuquerque?
Typical close timeline is 15–25 business days after title is opened and appraisal is ordered. Clean files with entity docs ready can close faster.
Are there prepayment penalties on Albuquerque DSCR loans?
Most DSCR programs carry a step-down prepay (commonly 5/4/3/2/1 or 3-year) with buy-down options. We'll price with and without prepay so you can compare.
Can I cash-out refinance a rental I already own in Albuquerque?
Yes. Cash-out refinances up to 75% LTV are available on seasoned Albuquerque rentals — commonly used to recycle capital into the next deal (BRRRR).
Do you finance BRRRR or fix-and-flip projects in Albuquerque?
Yes. We offer bridge and fix-and-flip loans for the acquisition/rehab phase in Albuquerque, then convert to a long-term DSCR loan once the property is stabilized and leased.
How do property taxes and insurance affect DSCR in Albuquerque?
We underwrite to post-closing tax reality (not the seller's current bill) plus real insurance quotes — including wind, flood, and HOA where applicable. This is the #1 reason Albuquerque DSCRs come in lower than expected.
Simply Approved Mortgages Expert Insight
Last reviewed
What Investors Should Know in Albuquerque, New Mexico
Albuquerque deals are underwritten against New Mexico fundamentals — roughly $285,000 median value, about $1,550 in average single-family rent, and a 6–8% cap-rate band. Use Albuquerque rent comps and the county's actual tax and insurance figures rather than the statewide averages; submarket variance inside New Mexico is usually wider than the gap between states.
A DSCR file is judged on the property, not your tax returns: qualifying rent divided by PITIA — principal, interest, taxes, insurance, plus HOA and flood where they apply. Most programs use the lesser of the in-place lease rent and the appraiser's market rent, so a lease signed below market usually caps the ratio no matter how strong the comps look.
Three inputs move the outcome more than anything else: rent support on the appraiser's rent schedule (Form 1007 or 1025), the LTV tier, and the credit tier. Dropping leverage by five points or moving up a FICO band frequently changes pricing more than shopping a different lender does.
Reviewed by Simply Approved Mortgages · NMLS #2620881. Business-purpose investor lending only.
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Complete the short pre-qualification form and upload your supporting documents, and a licensed loan officer will follow up with an initial scenario review for Albuquerque, New Mexico.
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What the latest published data says about Albuquerque, New Mexico
Every update below is a published figure from a named federal source, shown with the exact period that source covers. Where a dataset is only produced at county or state level, it is labelled that way rather than presented as city data. These are market statistics for informational purposes only — they are not rates, loan terms, or an offer of credit.
- City dataData through ACS estimates, ACS 5-Year 2023
Albuquerque housing costs — ACS estimates, ACS 5-Year 2023
The most recent published Census reading for Albuquerque shows a median owner-occupied home value of $266,700, a median gross rent of $1,085 per month, a two-bedroom median rent of $1,140, a three-bedroom median rent of $1,459. These are survey estimates for the period shown, not live listing prices, and they are the starting point investors use to sanity-check a rent assumption before underwriting a DSCR file.
- City dataData through ACS estimates, ACS 5-Year 2023
Albuquerque renter demand indicators — ACS estimates, ACS 5-Year 2023
Census reports a population of 562,488, a median household income of $65,604, a rental vacancy estimate of 5.7% for Albuquerque. Income and vacancy set the practical ceiling on achievable rent, which is what a DSCR calculation is ultimately built on.
- County dataData through 2026
Bernalillo County conforming loan limit — 2026
For 2026 the one-unit conforming loan limit in Bernalillo County is $832,750. Business-purpose DSCR financing is not a conforming agency loan and is not governed by this limit; investors use it as a size marker for how the local market is priced.
Nearest supported geography: this figure is county-level data for Bernalillo County, not Albuquerque-specific data.
Source: Federal Housing Finance Agency conforming loan limits
- County dataData through Declarations 1960–present
Bernalillo County federal disaster declarations since 1960
FEMA records 11 federal disaster declarations covering Bernalillo County since 1960, most recently on 2020-04-05 (Biological). Declaration history is published history, not a forecast or a flood determination, and insurance cost is an operating expense that moves DSCR.
Nearest supported geography: this figure is county-level data for Bernalillo County, not Albuquerque-specific data.
Source periods represented above: ACS estimates, ACS 5-Year 2023 · 2026 · Declarations 1960–present. Each figure updates only when its publisher releases a new period — we never restamp an older reading with a newer date.
Informational market data only. Nothing in this section is a rate, an annual percentage rate, a payment, a loan term, an approval, or an offer or commitment to lend. Citing a federal dataset does not imply the agency endorses, sponsors or is affiliated with Simply Approved Mortgages LLC (NMLS #2620881). Financing referenced on this page is business-purpose investment property financing.
County data
Loan limits, permits and disaster history in Albuquerque, New Mexico
Three published federal datasets that shape how an investor sizes and insures a deal: FHFA conforming loan limits by county, the Census Building Permits Survey at the county level, and FEMA's record of federal disaster declarations.
Conforming loan limits — 2026
- 1 unit
- $832,750
- 2 units
- $1,066,250
- 3 units
- $1,288,800
- 4 units
- $1,601,750
This county uses the national baseline limit.
Conforming limits govern loans sold to Fannie Mae and Freddie Mac. DSCR and other business-purpose investor loans are not agency loans and are not bound by these limits — the figures are shown as market context for sizing a deal.
County building permits
County-level permit data is published for metro counties only. Statewide permit volume is shown in the price and supply section.
Federal disaster declarations
11
declarations since 1960
- Fire6
- Biological2
- Severe Storm2
- Hurricane1
Most recent: covid-19 pandemic (2020).
Declaration history is not a flood-zone determination for any property, an insurance quote, or a prediction. Confirm the flood zone and elevation for the specific address and price insurance with a licensed carrier.
FEMA flood zone by address
Check how FEMA currently maps a specific property in Albuquerque, New Mexico. Flood zone drives whether a lender will require flood insurance, which changes your carrying cost and DSCR.
Source: FEMA National Flood Hazard Layer, read live from the currently published map. This is general information only — it is not a flood zone determination, an elevation certificate, an insurance quote, or a loan condition. Confirm the official map at FEMA's Flood Map Service Center and with a licensed insurance professional.
Investor pre-approval
Get your personalized investor loan quote
Pick the loan type that fits your deal and complete a short, tailored pre-qualification. A licensed loan officer follows up with an initial scenario review once we have your credit authorization and supporting documents — usually the same business day. Formal pricing and terms follow underwriting.
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The form below is tailored to DSCR rental loan — only the questions your program needs.
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