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Meet Rick Vargas

  • Rick Vargas boasts a comprehensive background spanning more than two decades...Read More

    Rick Vargas boasts a comprehensive background spanning more than two decades within the mortgage industry. As intermediaries, mortgage brokers play a pivotal role in facilitating transactions between lending institutions within the real estate sector and borrowers seeking mortgage financing. Their responsibilities entail advocating on behalf of borrowers, adeptly negotiating with various lending entities to secure optimal loan terms and competitive interest rates, while also overseeing the seamless submission of pertinent documentation.

Branch Manager Rick Vargas

Your New Mexico Based Loan Fox Inc. Mortgage Loan Originator

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Blog

  • Ways to Finance Fixer Upper Rehab

    Not everyone finds the perfect house in the perfect condition. Many homes need at least a little work done before they're ready to be the base for all your family's dreams. But paying for those repairs and renovations adds a further challenge for budget-minded buyers.


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  • Utilize Your Credit Score When Applying for a Mortgage Loan

    A low credit score doesn't have to stop you from getting a mortgage loan approved. But knowing what's in your credit report helps before submitting a loan application.


    With that in mind, experts recommend taking the time to find out what your credit report contains before initiating the loan application process. That way, you'll have 


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  • Questions to Ask Before Choosing a 15-Year Mortgage

    Does shortening the life of your home loan sound ideal? For some home buyers, choosing a 15-year mortgage provides the opportunity to get out of debt quicker and see a faster return on their investment. But this type of mortgage isn't for everyone. Take a look at some of the top questions that can help you to figure out if a 15- or 30-year mortgage is right for you.


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  • 3 Common Myths Many First-Time Homebuyers Believe

    Buying your first home can be an exciting, yet stressful process. Not only do you need to scour through the various real estate listings and hire a real estate professional, but you also need to figure out a way to pay for the home. If you are like most buyers, you need to secure a mortgage to purchase the home.


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  • Do My Rent Payments Affect My Credit Score?

    More and more landlords are sharing your payment history with the credit bureaus. Is yours?

    Most people know that when they inquire about a rental property, the landlord often will run a credit check to get a sense of their reliability. But people are less certain about what happens after the lease has been signed. Do your rent payments affect your credit score?


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  • How Useful Is That Free Credit Score?

    There are dozens of credit scoring models out there, and some are more useful than others.

    Chances are you've probably seen the commercials advertising free credit scores. Sometimes the ads have a catchy jingle or a funny plotline, but they all imply that if you're not checking your credit score, you're doing something wrong. It's free, after all. Why wouldn't you check it?


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  • More Employers Are Checking Credit Reports. Should You Be Worried?

    Your resume isn't the only document that matters to prospective employers anymore.

    We're well beyond the days when a well-written resume was enough to land you the job. For many employers, what you've done before takes a back seat to what you can offer now, how well you jibe with the company's culture, and whether you have people willing to recommend you. Employers are


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  • Price, Fee and Lock Policy Changes

    Do not be fooled by National Blowhard lenders on the radio and television claiming to do things that no one else can that we have always done as if they just invented it . For example, We have always offered and continue to offer what has been traditionally known in the industry as a Float Down Option.


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  • Saying Yes

    With expanded underwriting guidelines on standard and portfolio options that allow us to say “YES” when others say “NO”.

    Not all lenders underwrite to the same guidelines . With 9 direct banking relationships and an additional 55 broker relationships, we can find the right place for your specific loan scenario.

    In addition, tenacious, tireless and astute analysis of your situation allows us to close loans others cannot -

    See program information for more details.

    You be surprised at how easy it is to qualify now!

  • Service Standards

    • We do not just offer lending, we offer a value-added, solution-based consulting service.
    • Every client gets expert consultation and the highest level of service available in the industry.
    • Document pick up and delivery is available in Santa Fe upon request.
    • Electronic processing for remote clients available – tireless hours available from 9:00 AM - 9:00 PM – We answer the phone or return calls within 24-48 hrs
  • State and Local Housing Programs

    State and Local Housing Programs:

    Many state, county and local government programs offer financing for qualifying low-to-moderate income families wishing to purchase their first home. Loan assistance programs like Mortgage Credit Certificate (MCC) offer a partial tax credit for interest on the loan.


    These programs typically offer:

    • More relaxed qualifying guidelines
    • Lower upfront fees
    • Lower interest rate
    • Fixed rate

    We work with the Santa Fe Community Housing Trust – www. housingtrustonline.org

    1111 Agua Fria St Santa Fe, NM 87501

    (505) 989-3960

To speak with Rick Vargas, contact him at (505) 469-8076 in New Mexico today and let him help you!

Mortgage Calculator — Spokane, WA — Loan Fox, Inc.

We Work With Your Budget

Loan Fox Inc. offers a custom, online mortgage calculator that you can use to calculate what you can afford for your next Real Estate purchase.

Contact Us Today

Contact us Today

Manager: Rick Vargas

(505) 469-8076

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