Calculate your New Mexico mortgage payment with state-specific property tax rates (0.8% average), income tax (1.55% - 5.9%), and 2026 conforming loan limits.
New Mexico-Specific Inputs
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New Mexico Property Tax
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NM average: 0.8%
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Other costs
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New Mexico Mortgage Overview
New Mexico has low property taxes and a progressive income tax.
2026 Conforming Loan Limits
Single-family: $806,500
Two-unit: $1,032,320
Three-unit: $1,250,075
Four-unit: $1,548,480
New Mexico Income Tax Rates (2026)
New Mexico has a state income tax with rates of 1.55% - 5.9%.
New Mexico Property Tax
First-Time Homebuyer Programs
New Mexico Mortgage Finance Authority offers down payment assistance and favorable loan terms for qualifying first-time buyers in New Mexico.
New Mexico Mortgage FAQ
What is the average property tax rate in New Mexico?What is the income tax in New Mexico?What are New Mexico's conforming loan limits for 2026?Are there first-time homebuyer programs in New Mexico?How much do I need for a down payment in New Mexico?