CASH-OUT REFINANCE · New Mexico (NM) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

New Mexico Investor DSCR Cash-Out Refinance (1–4, 5–8, 5–9, 5–10, 5–25 & 5+ Units) — 2026 Rates, LTV Caps & State Rules

New Mexico Cash-Out Refinance provide business-purpose real estate investors with Up to 75% LTV Cash-Out (Select 80% LTV Tiers) across loan amounts from $100,000 – $15,000,000+ at 6.625% – 8.375% (30-Yr Fixed, 10-Yr Interest-Only, 40-Yr Interest-Only, 640 – 680+ FICO min FICO, 14 – 21 Business Days close). In New Mexico (NM), lenders underwrite to a Judicial (or Commercial Deed of Trust Act) statutory framework (160–220 days-day average timeline), a 0.76% average property tax rate (~$206/mo at the $325,000 state median), and $520/$100K hazard insurance (~$141/mo).

Max Leverage / LTC

Up to 75% LTV Cash-Out (Select 80% LTV Tiers)

Min FICO: 640 – 680+ FICO

2026 Rate Band

6.625% – 8.375%

30-Yr Fixed, 10-Yr Interest-Only, 40-Yr Interest-Only

NM Security Instrument

Judicial (or Commercial Deed of Trust Act)

160–220 days days avg timeline

NM Avg Tax & Ins

0.76% Tax

$520/$100K Hazard Ins