September 2026 HUD file
HUD-insured apartment loans in New Mexico
64 properties with 6,184 units carry FHA-insured mortgages in New Mexico, with $466.4 million still owed. The median note rate is 5.285%, and 24 of them are below 4%.
By program
| 223(f) purchase or refinance | 18 |
|---|---|
| 221(d)(4) construction or substantial rehab | 6 |
| 223(a)(7) refinance | 7 |
| HFA risk-sharing | 32 |
| Older and other programs | 1 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| San Isidro Apartments | Santa Fe | 176 | 2.11% | $25.4 million | 2055 |
| The Village at Carlsbad | Carlsbad | 144 | 2.33% | $19.1 million | 2055 |
| Oak Manor Vilas | Hobbs | 80 | 2.62% | $11.4 million | 2055 |
| Raintree Apartments | Clovis | 128 | 2.75% | $10.2 million | 2060 |
| The Cedars | Hobbs | 63 | 2.88% | $2.3 million | 2043 |
| Spring River II Apartments | Roswell | 112 | 3% | $16.1 million | 2062 |
| Windscape Apartments | Hobbs | 202 | 3% | $14.0 million | 2045 |
| Lovington Trails Apartments | Lovington | 64 | 3% | $5.6 million | 2054 |
| South Shiprock Homes | Shiprock | 247 | 3.01% | $6.3 million | 2055 |
| Bricklight Courtyard Apartments | Albuquerque | 62 | 3.1% | $4.7 million | 2047 |
| Colina Vista Apartments | Carlsbad | 76 | 3.13% | $6.3 million | 2061 |
| The Hill Residential | Los Alamos | 149 | 3.15% | $43.8 million | 2063 |
| Andalucia Villas | Albuquerque | 241 | 3.23% | $36.4 million | 2054 |
| Sorrento Apartments | Hobbs | 112 | 3.27% | $9.8 million | 2054 |
| Buena Vista | Lovington | 24 | 3.33% | $1.1 million | 2048 |
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Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Casamera Apartments | Gallup | 72 | 7% | $1.5 million | 2027 |
| Silver Gardens Phase II | Albuquerque | 55 | 6.21% | $45,849 | 2028 |
By city
- Albuquerque 13
- Santa Fe 8
- Hobbs 6
- Las Cruces 5
- Carlsbad 4
- Roswell 4
Everywhere else in New Mexico
- Azotea Senior Apartments Homes Alamogordo · 6.81%
- Las Ventanas Alamogordo · 5.04%
- Cimmaron Apartments Anthony · 6.42%
- Cimmaron II Apartments Anthony · 6.7%
- Roselawn Manor Apts Artesia · 5%
- Village in the Bosque Bernalillo · 4.23%
- Hidden Valley Village Bloomfield · 4.95%
- Lolomas Apartments Clovis · 7.02%
- Raintree Apartments Clovis · 2.75%
- Raintree II Apartments Clovis · 3.65%
- Deming Manor Apartments Deming · 5.47%
- Ladera Village Farmington · 6.29%
- Casamera Apartments Gallup · 7%
- King Arthurs Court Apartments Lordsburg · 5.47%
- The Hill Residential Los Alamos · 3.15%
- Buena Vista Lovington · 3.33%
- Lovington Trails Apartments Lovington · 3%
- Wilshire Gardens Apartments Rowell · 5.38%
- Ladera Courts Ruidoso Downs · 6.99%
- Tsigo Bugeh Village San Juan Pueblo · 6.69%
- Rio Pecos Estates Santa Rosa · 8.84%
- South Shiprock Homes Shiprock · 3.01%
- El Cerrito Apartments Taos · 6.81%
- Tradewinds Carriage Apartments Truth Or Consquence · 5.47%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
Own or buying in this state?
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