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For most people, finding the right home in Santa Fe, New Mexico is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Santa Fe, New Mexico lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Santa Fe within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Santa Fe that now offer 100% financing – no down payment certainly helps keep moving expenses down!

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Some visitors find Santa Fe particularly attractive around the second week of September when the aspens in the Sangre de Cristo Mountains turn yellow and the skies are clear and blue. This is also the time of the annual Fiesta to celebrate the "reconquering" of New Mexico by Don Diego DeVargas.Smokers should be aware that the City Council recently passed a strict anti-smoking ordinance that bans smoking in all businesses and public places in the city. Bars are no longer allowed to set aside a smoking area.The minimum wage in the city of Sante Fe is $9.50 per hour, which makes it the highest in the nation. There are plans to increase this wage to $10.50 per hour in 2008.The median income for a household in the city was $40,392, and the median income for a family was $49,705. Males had a median income of $32,373 versus $27,431 for females. -- Source: Wikipedia.com





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Census Data for Santa Fe, New Mexico

Santa Fe New Mexico United States
Population 62,203 1,819,046 281,421,906
Median age 39.8 34.6 35.3
Median age for Male 37.6 33.4 34
Median age for Female 41.8 35.6 36.5
Households 27,569 677,971 105,480,101
Household population 60,729 1,782,739 273,643,273
Average household size 2.2 2.63 2.59
Families 14,982 466,515 71,787,347
Average family size 2.9 3.18 3.14
Housing units 30,533 780,579 115,904,641
Occupied units 27,569 677,971 105,480,101
Vacant units 2,964 102,608 10,424,540

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