Los Alamos County, New Mexico
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Los Alamos Real Estate Market Update
The real estate market in Los Alamos County, New Mexico, is currently characterized as a seller's market, with the median home sold price reaching $601,000 as of October 2024. This represents a 9.2% increase from the previous year, indicating a strong demand for housing in the area. Homes are selling at an average price of $313 per square foot, and the number of homes for sale has increased by 6.7% from the previous month.
Los Alamos County is home to the city of Los Alamos, which is the primary city in the county and serves as the county seat. Los Alamos has a population of approximately 12,978 residents. Another notable community is White Rock, which is a census-designated place with a population of about 5,725 people. These communities are central to the county's identity and provide a suburban lifestyle with access to local amenities and services.
Living in Los Alamos County offers a blend of suburban and rural experiences, with a strong emphasis on scientific and technological industries, largely due to the presence of the Los Alamos National Laboratory. This attracts a workforce that is highly educated and often involved in research and development. The county's scenic landscapes and outdoor recreational opportunities also appeal to those seeking a balance between professional and personal life, contributing to migration patterns that favor individuals and families looking for a high quality of life in a community-oriented environment.
2025 Mortgage Loan Limits:
Los Alamos County, New Mexico
1 Unit
$806,500
Conforming Loans
$692,300
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$886,250
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$1,071,300
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,331,350
FHA Loans
Questions About Refinancing in
Los Alamos County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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