Sandia Area Home Mortgages

Whether you are looking to pay off your mortgage sooner, or lower your monthly payment, we have refinance options to fit your needs.

4 Reasons to Refinance Your Mortgage

1. Get a lower interest rate

2. Pay off your mortgage quicker with a shorter term

3. Eliminate PMI payments

4. Lower your monthly payments

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Work With a Mortgage Specialist

Our experienced Mortgage Specialist can work with you to help you find the mortgage solution that fits your needs. We offer special financing rates for Jumbo mortgages as well as low down payments for VA and FHA loans. Please fill out the form below, or call Ryan Dierdorff, Mortgage Consultant at 505.256.6051 or toll free at 855.636.1057.

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Frequently Asked Questions

What are my mortgage options?

There are several options for mortgages depending on your credit, and what kind of down payment you have. Learn more about these options here.

How can I start my application?

Simply apply online through our secure online system by clicking on the Apply Now button. If you prefer to speak with a loan officer, contact Ryan Dierdorff, Mortgage Consultant at 469.409.5779 or toll free at 855.636.1057.

What is a P&I Payment?

P&I is the combined principal and interest you pay to your lender each month. Your total payments may also include additional escrow payments that go to cover property taxes and insurance payments.

What is an origination charge?

It is the amount charged for services performed on the initial loan application and loan processing, excluding discount points.

What are points?

Points (or discount points) are paid to the lender, usually at closing, in order to lower the interest rate. One point equals one percent of the original loan amount.

Why does my lender require homeowners insurance?

Homeowners insurance is there to protect both you and the lender in case of loss or damage to your property. You always have the choice of who you use for your insurance policy, and often the insurance premium is included in your monthly mortgage payment.

Sandia Area is an Equal Housing Lender. Sandia Area Membership required. Sandia Area Federal Credit Union (NMLS#561268) provides mortgage loans by partnership with Member First Mortgage (NMLS# 149532). This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z.