New Mexico DSCR Loans: No Tax Returns, 1.2 DSCR Min, Rates from 6.25%
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
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- 680+ FICO
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- Refi from 6.25%
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- 21–30 day close
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, 680+ FICO, and 20–25% down. No tax returns, W-2s, or DTI calculation required. 1–4 unit residential and 5+ unit multifamily eligible. Refi rates start at 6.25%.
Published by PeerSense Capital Advisory · Written by Ed Freeman, Founder. Updated July 1, 2026.
New Mexico Rental Market Snapshot
State-level data DSCR underwriters use to size New Mexico rental deals.
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 requirements (1.2 DSCR, 680+ FICO, 20–25% down) apply statewide.
| Metro | Median Price | Gross Yield | DSCR Investor Notes |
|---|---|---|---|
| Albuquerque | $305K | 6.0–7.5% | Largest NM market, Sandia/KAFB employment, BRRRR-friendly stock |
| Las Cruces | $265K | 7.0–8.5% | NMSU + Border Patrol employment, lower entry price |
| Santa Fe | $645K | 4.0–5.0% | STR-restricted (1,000-permit cap), tourism-driven LTR demand, premium pricing |
New Mexico Eviction Timeline & Landlord Posture
How New Mexico courts handle non-payment evictions, material to DSCR loss-severity assumptions.
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
Santa Fe STR cap reduces nightly-rate underwriting opportunity; Albuquerque/Las Cruces price on national non-QM curves.
Final pricing depends on FICO, LTV, DSCR, property type, and program. Baseline national DSCR refi rates start at 6.25% as of July 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
| Requirement | Minimum | Notes |
|---|---|---|
| DSCR | 1.20 | 1.00+ allowed with 740 FICO or 30% down |
| Credit Score | 680 FICO | 640–679 by exception, lower LTV |
| Down Payment | 20–25% | 25% if <1.2 DSCR or <700 FICO |
| Property Type | 1–4 units or multifamily | Condos, townhomes, STRs OK where legal |
| Income Docs | None | No tax returns, W-2s, DTI check |
| Reserves | 6 months PITIA | Checking, savings, stocks qualify |
| Close Time | 21–30 days | Cash-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.
Get New Mexico DSCR Loan Terms
DSCR Rental: Response within 24–48 hours. No obligation.
Related DSCR Resources
- DSCR Loans Hub: Programs & Rates
- DSCR Rental Loans: Full Program Guide
- DSCR for Airbnb / Short-Term Rentals
- DSCR Cash-Out Refinance
- DSCR Jumbo Loans ($1M+)
- DSCR for LLCs / Entity Title
- Best DSCR Lenders 2026
- DSCR Loans: Complete Guide
- DSCR Calculator: Test Your Property
- Fix & Flip Loans: Bridge to DSCR Exit
- Bridge Loans: Short-Term Rental Acquisition
- DSCR vs Conventional Mortgage