Why New Mexico works for AGS Lending Partners' 100% program
New Mexico is a non-judicial foreclosure state, which is why our capital partners price New Mexico at the program's highest leverage tier — 100% loan-to-cost up to 70% of after-repair value. Albuquerque's Sandia / Kirtland defense ecosystem and Las Cruces's growth as an El Paso–metro spillover market keep buyer demand steady, while moderate price points make for clean exits in the $200K–$450K ARV range.
Our flagship Velocity program funds 100% of (purchase + rehab) at 12.99% interest-only, 3.5 origination points, $2,500 processing, with no exit fee. For investors with stronger files, our Optimal program runs 9.25%–11.25% on matrix-derived leverage (typically 80–95% LTC) — a smaller down payment in exchange for a meaningfully lower rate.
Both programs operate in our New Mexico approved cities. Run your numbers below.
Run your New Mexico deal now
Calculator opens with New Mexico pre-selected. Add your purchase, rehab, and ARV — see both programs side by side in seconds.
Open New Mexico calculator →New Mexico approved-area cities (Velocity 100%)
Velocity (100% financing) requires the property to be in an approved-area city. Optimal works in any New Mexico city. The Velocity-approved New Mexico cities are:
Property in a New Mexico city not listed (Rio Rancho, Santa Fe, Roswell, Farmington)? It still qualifies for the Optimal program — same calculator, just slightly less leverage.
New Mexico fix and flip loan FAQ
Are AGS Lending Partners' New Mexico fix and flip loans 100% financed?
Yes. Our Velocity program funds 100% of purchase plus rehab in New Mexico, up to a 70% ARV cap, in Albuquerque and Las Cruces. You'll cover origination points (3.5%), $2,500 processing, and third-party closing costs (title insurance, hazard insurance, recording, etc.) at closing. No separate down payment is required.
Does New Mexico's non-judicial foreclosure status affect my loan terms?
Yes — favorably. Non-judicial states like New Mexico allow our capital partners to apply higher ARLTV caps (75% on Optimal, vs 70% in judicial states like Florida). That translates to higher leverage on the same deal, particularly on Optimal where experience-tier matrix pricing is at play.
How fast can a New Mexico fix and flip loan close?
Typical close timeline is 10–14 business days from full application + documents in hand. Faster is possible with clean title, fast appraisal/BPO, and a pre-bound insurance policy. Submit your deal via the calculator's "Get your real quote" CTA and we'll lock you a closer within 24 hours.
What if my New Mexico property is in Santa Fe, Rio Rancho, or another non-approved city?
Outside Albuquerque and Las Cruces, the deal moves to Optimal — same lender, same speed, slightly less leverage (typically 85–90% LTC instead of 100%). Optimal covers the entire state, so Rio Rancho, Santa Fe, Roswell, and Farmington route cleanly through Optimal.
Not in New Mexico? See the main calculator (works for all 12 active states), or read our full fix and flip program guide .