Home Loans
Buy, Refresh, Refinance—Loans For Every Adventure
Finding the perfect home or property is exciting—financing it should be just as simple. At Sandia Area, we offer competitive mortgage loans, land loans, and home equity options to help you buy or borrow with ease. Whether you're purchasing a home, securing land, or tapping into your home’s equity, our flexible loan solutions, expert guidance, and straightforward application process make it easy. Get started today with a trusted financial partner.
Home Loan Rates at A Glance
Estimate, Compare, and Plan
Take the guesswork out of home financing with our easy-to-use calculators. Estimate your mortgage payments, determine how much home you can afford, create a homebuying budget, or see how a HELOC could work for you.
I Want to Build
Land Loans
Find the ideal spot to build your future—our land loans make it easy to finance your dream property.
I Want to Buy
Mortgage
Get the financing you need to buy your dream home (or refinance) with competitive rates and flexible loan options.
I Want to Improve
Home Equity
Turn your home’s value into cash you can use for, well, anything!
Have Questions about Mortgages or Home Equity? Check out
Mortgage FAQs Home Equity FAQs
Federally insured by NCUA. An Equal Opportunity Lender. Membership eligibility required. Visit Sandia.org/Membership for complete details.
1. Rate effective 03/12/2025, and subject to change without notice. New Sandia Area loans only. Subject to credit approval. Rates are based on an evaluation of credit history and lien position. “As low as” rate assumes excellent credit history and first lien position. Your rate may differ. A manufactured home cannot be used as collateral for a home equity loan or line of credit.
2. APR = Annual Percentage Rate effective as of 12/20/2024. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. “As low as” rate assumes excellent credit history. Not all applicants will qualify for the lowest rate. All consumer loans are charged simple interest with no pre-payment penalty. New Sandia Area loans only in the counties of Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Dona Ana, Rio Arriba, Mora, San Miguel and Los Alamos on residences with clean title history. “As low as” rate assumes excellent credit history and first lien position. Borrower is responsible for homeowners’ insurance and, if required, flood insurance. Home Equity Line of Credit is a revolving credit line. Maximum loan amount is 90% LTV for 180 months up to $200,000. Loans over $200,000 will be reviewed on a case-by-case basis. Term of 180 months consists of 5-year draw period followed by 10-year repayment only period. Home Equity Line of Credit is a variable APR (Annual Percentage Rate) based on the value of an index plus a margin and is subject to increase. The index is the NY Prime Rate published in the Money Rates column of the Wall Street Journal and is 7.50% as of 12/20/2024. When a range of rates has been published, the highest rate will be used. The current margin could range between 0.50% - 1.50% and is subject to change based on your credit score. The HELOC has a floor of 3.75% and a ceiling of 18.00% and will change by no more than 0.25% per month. A manufactured home cannot be used as collateral for a home equity loan or line of credit.
3. APR = Annual Percentage Rate effective as of 03/12/2025. Rates are subject to change at any time without notice. All loans, terms, and conditions are subject to credit approval. All consumer loans are charged simple interest with no pre-payment penalty. Valid for raw land five (5) acres or less in the counties of Bernalillo, Sandoval, Santa Fe, Valencia, Torrance, Cibola, Dona Ana, Rio Arriba, Mora, San Miguel, and Los Alamos. Land loans are fixed rate loan products. A full appraisal and survey will be required on all land loans and normal closing costs, origination fees, application fees, and title insurance are required. See a representative for details.
