Alamogordo Hard Money Lender

Alamogordo Hard Money Lender

In the Alamogordo real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Alamogordo hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Alamogordo Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Alamogordo.

What Do Alamogordo Hard Money Lenders Specialize in?

Alamogordo hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Alamogordo Hard Money Loans?

Alamogordo hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Alamogordo Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Alamogordo hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Alamogordo even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Alamogordo Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Alamogordo?

Interest rates for hard money loans in Alamogordo are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Alamogordo, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in an Alamogordo Hard Money Lender?

There are many benefits to working with an Alamogordo hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Alamogordo Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Alamogordo, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Alamogordo?

When you want a hard money loan in Alamogordo, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Alamogordo using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance an Alamogordo Hard Money Loan?

Refinance an Alamogordo hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing an Alamogordo hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in New Mexico: Hard money lender in New Mexico

Current Real Estate Trends In Alamogordo (2024)

Alamogordo, NM is currently experiencing a booming real estate market with plenty of possibilities for investments. In October 2023, the median listing home price reached $280,000, showing a remarkable 28.8% rise from the prior year. Many 2 bedroom listings are available for this price.

Additionally, the median listing home price per square foot is at $145. Historical records reveal a steady annual profit in property investment, with an average of 4.309% in 2019 and 7.109% in 2022.

Short-term forecasts point to a further surge in the median home price to $162,479 USD in the coming year, while the long-term forecast has a median home price of $185,986 USD by 2028. However, there is a prediction of a decrease in home values in the upcoming 12 months.

All these trends point to a strong real estate market in Alamogordo that should be considered by potential investors.

Market Overview

The housing market in Alamogordo offers valuable insights into current trends, sales performance, and forecasted growth.

In October 2023, the median listing price was $280,000, demonstrating a considerable rise of 28.8% year-over-year.

The median listing price per square foot was $145, demonstrating the value of properties in the area.

Furthermore, the sale-to-list price ratio was 99.98%. This indicates that homes were selling close to their listed prices.

The average days on market was 43, indicating the market was quite fast-paced.

This overview sets the stage for further analysis of historical data and trends in Alamogordo’s real estate market.

Historical Data

Data from the past gives an idea of the progression of home prices and investment returns in Alamogordo, NM. Over the four-year period from 2018 to 2022, the average yearly gain on investments ranged from 1.88% to 7.109%.

However, this dropped significantly in 2023, with the average profit at a near-zero 0.000001%. This could be seen as a sign of a slowdown or balance in the market.

Looking forward, the short-term outlook is for a slight rise in the median home cost to $162,479 USD in the coming year. The long-term prediction is for a median price of $185,986 USD by 2028.

These predictions give potential investors data to consider when deciding on investments in the real estate market in Alamogordo.


Investors can utilize the data on past and projected home prices in Alamogordo, NM to make informed decisions regarding their potential investments. It is essential to consider the forecast for Alamogordo real estate, which points to a gradual increase in median home prices.

This is evident in the 1-year forecast, which puts the median home price at $162,479 USD, and the 5-year forecast, predicting a median home price increase to $185,986 USD. The long-term housing forecast indicates a median home price of $185,986 USD for an average home in Alamogordo in 2028.

These projections give investors a useful insight into the potential for future appreciation in property values. Nevertheless, it is important to be aware that short-term real estate market forecasts may vary. Therefore, analyzing all available data is necessary before making investment decisions.

The projected increase in median home prices indicates a positive trend for the Alamogordo real estate market. Investors can anticipate potential appreciation in property values over the upcoming years. This data offers a strong basis for making informed investment decisions in Alamogordo. Analyzing historical data and future projections can assist investors in calculating the profitability of investing in the local real estate market.


All About Alamogordo

Alamogordo, found in New Mexico, has a long and interesting history that dates back thousands of years. It was colonised in 1898 for railroad development and was officially declared a city in 1912.

Alamogordo played a significant role in research for pilot safety and the space program during the 1950s-60s. It is most famous for its linkage with the 1945 Trinity test, the first nuclear bomb detonation.

With a council-manager form of government, Alamogordo provides a variety of recreational resources, including parks, golf course, zoo, library and senior citizens center.

Tourism is a major part of the city’s economy, thanks to attractions such as White Sands National Monument. Its dry climate, hot summers and mild winters make it a great place to visit.

Alamogordo also has a strong Native American heritage, with the Mescalero Apache inhabiting the Tularosa Basin.

History and Settlement

Alamogordo, incorporated as a city in 1912, has a long history stretching back many thousands of years. Archaeological evidence suggests that the area has been inhabited for at least 11,000 years, with different Native American cultures, like the Clovis and Folsom cultures, having left their mark. Additionally, the Spanish built a chapel at La Luz in 1719.

But it was in the mid-20th century that Alamogordo truly flourished, as it became a hub for research on pilot safety and the space program. This city contributed greatly to the advancement of these fields, playing a pivotal role in the development of aviation and space exploration.

The city also holds a special place in history due to the Trinity test of 1945, which was the first atomic bomb explosion. This event made Alamogordo known throughout the world.

The city, with its council-manager style of government, provides its citizens with a variety of recreational and leisure facilities. These include a large park, smaller parks, a golf course, a zoo, walking paths, a library, and a senior citizens center. Additionally, the city is home to the Gerald Champion Regional Medical Center, which serves the nearby Holloman Air Force Base. The Otero County Administration Building, listed in the National Register of Historic Places, is another significant landmark in Alamogordo’s history.

Government and facilities in Alamogordo are shaped by the city’s long history. There is plenty to explore, from recreational and leisure facilities to historic sites. The council-manager form of government makes sure that these facilities are well-maintained and provide citizens with a high quality of life. The Gerald Champion Regional Medical Center, the Otero County Administration Building, and the many parks and trails are all products of the city’s rich history, offering visitors and locals alike a chance to experience the city’s past.

Government and Facilities

Explore the rich history and vibrant government of Alamogordo, a charter city. It has a council-manager form of government that ensures efficient administration and decision-making.

The city takes great pride in providing its citizens with a range of recreational and leisure facilities. One can find plenty of opportunities for relaxation and activities. A large park, a collection of smaller parks, a golf course, a zoo, and walking paths are all available. The library and senior citizens center offer great places to learn and relax.

The Gerald Champion Regional Medical Center is a reliable healthcare facility that serves both the local community and the nearby Holloman Air Force Base. The Otero County Administration Building has a special place in history, being listed in the National Register of Historic Places.

Alamogordo makes sure its residents have access to essential services and recreational options.

The economy and tourism of Alamogordo are also great contributors to its charm and prosperity. The city has a range of unique attractions and economic factors that make it a desirable destination. There are plenty of opportunities for shopping, dining, entertainment, and more. The city also hosts many events and festivals throughout the year. The local businesses provide the city with jobs and services, helping to bolster the economy.

Economy and Tourism

Indulge in the vibrant economy and thriving tourism of Alamogordo, where you can find exciting attractions, take in local events, and savor the city’s flavors. Multiple industries drive the local economy, and tourism is a major contributor.

One of the top destinations is the White Sands National Monument, boasting incredible gypsum dunes and activities such as hiking, picnicking, and sand sledding. Special events, like night programs and star parties, give visitors different perspectives of the dunes.

Alamogordo also offers other points of interest, like the Alameda Park Zoo with its varied collection of animals from around the world. History buffs will appreciate the Trinity Site, where the first atomic bomb was detonated.

Tourism is a major source of revenue for Alamogordo. The Bureau of Reclamation’s Brackish Groundwater National Desalination Research Facility provides research and technology advancements in desalination. Government construction projects like the Works Progress Administration’s buildings have also contributed to the city’s economic development.

Geography and Climate

Nestled within the Rio Grande rift and the Chihuahuan Desert, this charming city showcases a cool arid climate with hot summers and mild winters. With an elevation of 4,330 feet, Alamogordo has low rainfall throughout the year, with the bulk coming during the monsoon season from July to September. The wettest year on record was in 1941, with 21.87 inches of precipitation.

Summers in Alamogordo can get scorching, with temperatures rising up to 110°F in June 1981 and July 1951. On the other hand, winters are fairly mild, with the coldest temperature registered during a major cold wave being -13°F.

The geography of Alamogordo is characterized by the Tularosa Basin, an endorheic basin with no outflow of water. This basin is known for its gypsum crystals, which are formed in Lake Lucero and can be viewed in the striking White Sands National Monument. Additionally, Alamogordo is home to the Bureau of Reclamation’s laboratory for desalination research, showing the city’s dedication to innovative environmental solutions.

Native Inhabitants and Landmarks

The history of Alamogordo is alive with evidence of ancient cultures, such as Clovis and Folsom, that date back thousands of years. The Mescalero Apache have always inhabited the Tularosa Basin, contributing to the area’s cultural heritage.

One of the most significant landmarks in Alamogordo is the Trinity Site, where the atomic bomb was detonated in 1945. This event had a great impact on the world.

White Sands National Monument is known for its gypsum crystals and white sand dunes, offering visitors awe-inspiring views and unique experiences.

The city is home to the Alameda Park Zoo, a collection of animals and a place for educational activities for people of all ages. Downtown Alamogordo is a popular attraction, with the Jim Griggs Sports Complex, retail stores on New York Avenue, and the iconic Water Tower.

These landmarks show the city’s history and culture, and remind us of its progress and development. Visiting Alamogordo gives us a glimpse into the stories of its native inhabitants and the iconic landmarks that have shaped its identity.