Skip to main content
✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates

New Mexico DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 5.80%

Rental property financing for New Mexico investors qualified on property cash flow, not personal income, W-2s, or tax returns. Serving Albuquerque, Las Cruces, Santa Fe and the rest of New Mexico. If the property cash-flows at 1.2× the mortgage, you may qualify.

  • 1.2 DSCR minimum
  • Credit is lender underwriting
  • Best-tier from 5.80%
  • 21–30 day close

Indicative as of August 1, 2026. Not a quote. Lenders set final pricing at underwriting.

See If You QualifyCalculate Your DSCR

Can I get a DSCR rental loan in New Mexico?

Yes. DSCR loans in New Mexico qualify investors based on property cash flow with a 1.2 DSCR minimum. Credit and equity injection are lender underwriting. PeerSense does not set a FICO floor. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Governed best-tier floor 5.80% from rate-floors.json.

Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated August 1, 2026.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

New Mexico Rental Market Snapshot

State-level data DSCR underwriters use to size New Mexico rental deals.

Median Home Price
$305K
Statewide single-family
Gross Rental Yield
6.0–8.0%
Annual rent / price
Eviction Timeline
30–45 days
landlord-friendly
Rate Adjustment
+0.125% in Santa Fe
vs national baseline

New Mexico's DSCR market is anchored by Albuquerque (Sandia/Kirtland AFB employment) and a niche premium-pricing market in Santa Fe (tourism + STR demand). Las Cruces and the southern NM cities offer higher cap rates with NMSU and Border Patrol employment. Santa Fe's 1,000-permit STR cap materially affects nightly-rate underwriting.

Major New Mexico Markets We Serve

Active DSCR deal flow across New Mexico's core rental markets. Same DSCR math statewide. Credit and equity injection are lender underwriting.

MetroMedian PriceGross YieldDSCR Investor Notes
Albuquerque$305K6.0–7.5%Largest NM market, Sandia/KAFB employment, BRRRR-friendly stock
Las Cruces$265K7.0–8.5%NMSU + Border Patrol employment, lower entry price
Santa Fe$645K4.0–5.0%STR-restricted (1,000-permit cap), tourism-driven LTR demand, premium pricing
New Mexico investor note:New Mexico has no statewide rent control. Santa Fe STR market is one of the most restricted in the country, 1,000-permit cap with operator-occupancy requirements for new registrations.

New Mexico Eviction Timeline & Landlord Posture

How New Mexico courts handle non-payment evictions, material to DSCR loss-severity assumptions.

Posture
landlord-friendly
Typical Timeline
30–45 days
Rent Control
None / preempted

New Mexico's Uniform Owner-Resident Relations Act allows a 3-day notice for non-payment. Magistrate court hearings typically resolve within 14 days of filing.

New Mexico Rate Adjustment vs National Baseline

+0.125% in Santa Feover national baseline pricing

Santa Fe STR cap reduces nightly-rate underwriting opportunity; Albuquerque/Las Cruces price on national non-QM curves.

Final pricing depends on DSCR, LTV, property type, and program. Credit is lender underwriting. Governed best-tier floor 5.80% from rate-floors.json as of August 1, 2026.

DSCR Lenders Active in New Mexico

The non-bank DSCR programs we see most frequently funding New Mexico rental deals. PeerSense matches your scenario across this lender set rather than locking you into one.

  • Kiavi
  • Visio Lending
  • Lima One

PeerSense is independent, not a lender. Lenders listed are programs we have funded New Mexico deals through; specific terms vary by file.

New Mexico DSCR Loan Requirements

RequirementMinimumNotes
DSCR1.201.00+ exists on specialty programs. Credit and equity are lender underwriting.
CreditLender underwritingPeerSense does not set a FICO floor. Capture the score on the form.
EquityLender underwritingPurchase DSCR is commonly structured around 65 to 75% LTV. PeerSense does not set a typical down.
Property Type1–4 units or multifamilyCondos, townhomes, STRs OK where legal
Income DocsNoneNo tax returns, W-2s, DTI check
Reserves6 months PITIAChecking, savings, stocks qualify
Close Time21–30 daysCash-out refi: 14–21 days

Not a commitment to lend. Rates and terms subject to underwriting. See our full DSCR loan guide for the complete program.

Indicative only, as of August 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense does not lend and does not set pricing. What these terms mean.

Get New Mexico DSCR Loan Terms

DSCR Rental: Response within 24–48 hours. No obligation.

How big is your deal?
Where are you in the deal?
Equity or down payment ready
Credit score
Timeline to close

Referral fee realized at closing · Or call (317) 452-6990

Related DSCR Resources