Ruidoso Mortgage Co Inc offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
30 year fixed rate loan
15 year fixed rate loan
20 year fixed rate loan
10 year fixed rate loan
USDA 30 year fixed rate loan with 100% financing
Jumbo Loans
FHA and VA Loans

30 year fixed rate loan
A conforming 30 year fixed rate loan is most commonly used when a individual applies for a mortgage. The rate is always fixed and every time a payment is applied your principle loan amount will decrease monthly or with every payment applied to the loan. Additional payments can always be applied to this loan and is encouraged!

Term: 30 years   Maximum Amount: $417,000
 
Ask one of our qualified loan officers today about how to pay off your loan faster without increasing your minimum monthly payment!!!

15 year fixed rate loan
A conforming 15 year fixed rate is a great loan designed to pay-off a mortgage sooner. This product will allow you as the borrower to save interest over the life of the loan by choosing to go with a shorter amortized pay period like a 15 year loan. The rate is always fixed and every time a payment is applied your principle loan amount will decrease monthly or with every payment applied to the loan. Additional payments can always be applied to this loan and it is encouraged!

Term: 15 years   Maximum Amount: $417,000
 
Ask one of our qualified loan officers today about how to pay off your loan faster without increasing your minimum monthly payment!!!

20 year fixed rate loan
A conforming 20 year fixed rate loan is a great way to pay less interest over the life of the loan. Typically the shorter the amortized period of a loan equates to a lower interest rate for you the borrower! The rate is always fixed and every time a payment is applied your principle loan amount will decrease monthly or with every payment applied to the loan. Additional payments can always be applied to this loan and it is encouraged!

Term: 20 years   Maximum Amount: $417,000
 
Ask one of our qualified loan officers today about how to pay off your loan faster without increasing your minimum monthly payment!!!

10 year fixed rate loan
A conforming 10 year fixed rate loan is a great way to go to save long term interest over the life of the loan by having a more aggressive monthly payment plan. The rate is always fixed and every time a payment is applied your principle loan amount will decrease monthly or with every payment applied to the loan. Additional payments can always be applied to this loan and is encouraged!

Term: 10 years   Maximum Amount: $417,000
 
Ask one of our qualified loan officers today about how to pay off your loan faster without increasing your minimum monthly payment!!!

USDA 30 year fixed rate loan with 100% financing
Our most popular first time buyer program is through our partnership with USDA. This loan offers a 30 year fixed rate and the best part is no down payment is required! If you fall within the qualification parameters this loan could be the one for you. Call a Ruidoso Mortgage loan officer today to see what you can qualify for today!

Term: 30 years   Maximum Amount: $417,000
 
100% financing, zero money down, a low fixed interest rate, no you are not dreaming and yes our qualified loan officers can help you qualify today!

Jumbo Loans
Jumbo loans are used when the initial loan exceeds conforming loan limits set by Fannie Mae and Freddie Mac of $417,000.00 (County specific). Ruidoso Mortgage offers a wide variety of Jumbo products from our fixed rate selections to our adjustable rate programs. Ruidoso Mortgage offers competitive terms and we are told our program is by far the most competitive package offered by competing loan companies. Call us today to see why we are the number one mortgage company and let us show you our customer service first hand!

Term: 30 years   Maximum Amount: $5,000,000
 
Ruidoso Mortgage specializes in second homes and our Jumbo product is very popular amongst our clients. Call today to see for yourselves how we can offer a more competitive package to fit your needs!

FHA and VA Loans
FHA and VA loans are great products to use when you want to put down little or no money down and get an affordable payment. FHA and VA offer flexibility to borrowers and we have a wide variety of products to choose from. Call today and see if you qualify for one of these great loan programs!



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.