Military retirement and state taxes
Partly. New Mexico exempts up to $30,000 of military retirement pay for tax years 2024 through 2026. Check what applies after that.
Kirtland Air Force Base · Holloman Air Force Base
VA loans in New Mexico
Can you use a VA loan in New Mexico?
Yes. You can use a VA loan anywhere in New Mexico, from Albuquerque to Las Cruces. New Mexico gives military retirees a partial tax break on their retirement pay. We lend in New Mexico and help military families buy near every major base in the state.
Good to know
What's different about buying in New Mexico
Property tax help for disabled Veterans
New Mexico exempts the home of a Veteran rated 100% permanent and total from property tax. Apply through your local tax office after you move in.
Community property rules apply
New Mexico is a community property state. Under VA rules, a spouse's debts can count when you qualify, even if your spouse isn't on the loan. We'll look at the whole picture up front so nothing surprises you in underwriting.
Tax rules shown are general and current as of October 2026. Confirm the details with your county or the state before you rely on them.
PCSing to New Mexico?
Bases I help families buy near
Wherever your orders say, we lend there. Here's where families usually look.
- Kirtland Air Force BaseAlbuquerque, Rio Rancho
Buying near Kirtland Air Force Base → - Holloman Air Force BaseAlamogordo
Buying near Holloman Air Force Base → - Cannon Air Force BaseClovis, Portales
Buying near Cannon Air Force Base → - White Sands Missile RangeLas Cruces
New Mexico questions
Straight answers
Does New Mexico tax military retirement pay?
Partly. New Mexico exempts up to $30,000 of military retirement pay for tax years 2024 through 2026. Check what applies after that. VA disability compensation isn't taxed.
What property tax breaks do disabled Veterans get in New Mexico?
New Mexico exempts the home of a Veteran rated 100% permanent and total from property tax. Rules and amounts can change, so confirm with your local tax office.
Can I use a VA loan anywhere in New Mexico?
Yes. VA loans work in cities, suburbs and rural areas across New Mexico, as long as the home will be your main residence and meets VA property standards. We lend statewide, so we can help wherever you're buying.
Get started
Buying in New Mexico? Let's talk.
One person on our team will confirm you qualify, show you what you can afford and walk you through every step. No cost, no pressure.