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Real Estate and Mortgage Loans

The choice between renting a home or buying one is a huge financial step. It is among the biggest financial decisions you might ever have to make. You will have to make personal choices based on your needs and wants. And take into consideration how long you are planning to stay, What financial resources (down payment) and credit do you have, and where an ideal location might be. Do you want to finance land, are you looking to build, or maybe looking to renovate? 

At Centinel Bank of Taos we're here to help guide you along your financial path. You can count on fast decisions, made by friendly, local people who will be glad to shake your hand and share the good news. We offer a variety of different loan programs to meet your unique needs. 

Our expert lenders are here to help you through the loan process. To speak to someone, call 575-758-6700 or email Leticia  

Centinel Bank of Taos is a locally owned and operated - hometown, family owned, community bank established in 1969 with the mission of serving Taos County.   

Centinel Bank NMLS#421889.

Learn about our:

Land Loans

Have you found the perfect location but just not ready to build?  Are you looking for that beautiful piece of Taos to have all to yourself?   With a Centinel Bank of Taos land acquisition loan, you can purchase the land and have time to design your dream home. When you are ready to build, we will evaluate financing options to best meet your construction needs. Please feel free to call or drop by the bank today.

Unimproved land
  • Competitive Interest rates
  • Finance up to 65% of the purchase price or appraised value, whichever is less
  • 20 year amortization available on land purchases
Improved land-collateral has improvements including, but not limited to, electricity to site and water (such as a developed well or public utility)
  • Competitive Interest rates
  • Finance up to 75% of the purchase price or appraised value, whichever is less
  • 20 year amortization available on land purchases

Construction Loans

Centinel Bank specializes in helping customers build their dream home.  We are dedicated to Taos County; therefore have strong knowledge of the local real estate market.   Centinel Bank of Taos offers flexible payment terms to match your specific project and finances projects of all sizes.   We support conventional and traditional building as well as green or alternative building methods.  Upon completion of your home, Centinel Bank will evaluate long term financing options to best fit your needs.

  • Interest only payments for up to a 12 month term
  • Competitive Interest Rates
  • Finance up to 80% of the construction costs or appraised value, whichever is less

Mortgage Loans

We offer a variety of terms and rates enabling us to design a mortgage for your specific needs.  We will take the time to learn how we can best help you purchase your home, investment home, or seasonal getaway.

  • Purchase
  • Refinance
  • Competitive Interest Rates
  • Fixed Rate Mortgages
  • 10, 15, and 30 year amortization available for home purchases or refinances


Home Equity Loans

Put the equity in your home to use for you as a powerful financing option for home improvements, major purchases, education funding, weddings.

Consider these options:

  • Attractive interest rates.
  • Flexible payment plans
  • Minimal closing costs
  • Tax deductions may apply (consult your tax advisor)

Other Mortgage Options

Bridge Loans:

Centinel Bank offers interim financing that “bridges the gap” until a permanent loan is put in place.  We can create a loan structure with terms that will meet the needs of your unique situation. Please Contact us for more information regarding Bridge Loans.

Home Improvement Loans:

Are you looking to make improvements to your home, or reduce your carbon footprint by adding sustainable building materials?   At Centinel Bank of Taos, you can make repairs or improvements to your home with a loan structured to meet your individual needs.  Please Contact us today for more information regarding Home Improvement Loans.

Unique Loans for Unique Circumstances

As Taos County’s only locally-owned Community Bank, we are always looking for ways to help you figure out your unique situation, especially when it comes to helping people get into a home. Let us know how we can help you realize your dreams. Contact us for more information. Looking for ways to improve your credit score? Read our customer eduction articles, here.

Our Lending Team:

Chris Romero - NMLS ID# 456477

Chris has been with Centinel Bank of Taos since 2004. He’s been working with and processing loans ever since. Chris knows that borrowing money can be a nerve-wracking experience that’s why he works hard to make his clients feel at ease during the process while still educating them on their decision.

He likes working in loans at Centinel Bank because he has the opportunity to help people achieve their dreams “It always challenges me to think outside the box to find solutions.  I find I am always learning something new. It is gratifying to see people be able to purchase their dream home, build a home, purchase a business or buy a property for their business.” Chris also enjoys working with his co-workers and colleagues at the bank.

Chris has a Bachelor of Science in Science Technology and Globalization and a minor in International Business. He has also graduated from Graduate School of Banking at Colorado.

Born and raised in Taos County Chris enjoys living where he grew up, but he especially likes the climate and the mountains of Northern New Mexico.


Leticia Pacheco - NM LS ID #456481

Leticia has been with Centinel Bank of Taos for 15 years. For the past eight years she has been working within the loans department, meeting with applicants, determining creditworthiness, and ultimately helping people achieve their dreams. Prior to working at Centinel Bank Leticia worked with loans at Norwest Bank.

As a loan officer Leticia specializes in consumer, mortgage or commercial loans. She is also bilingual, speaking Spanish. Leticia has a Bachelor’s degree in Accounting and Finance from the University of New Mexico.  

Leticia says she enjoys working in loans because she often has the opportunity to help people. “Centinel Bank is a locally owned, independent, community bank which allows me, as a lender, the opportunity to help the community and the Bank’s customers find solutions to meet their needs.”

Leticia has lived in Taos County for 20 years and likes the small town, know your neighbor, atmosphere Taos has to offer along with the diversified people and the outdoor activities. 


William Gonzales - NMLS ID# 456479

Will has been with Centinel Bank of Taos for 16 years. He has been working with and processing loans for the past 11 years. He began his loans career in 2005, was promoted to Assistant Vice President in 2010, and then Vice President in 2016.

As a loan officer Will assists customers with loan applications for cars, college tuition, homes, businesses, and more. Will enjoys working in loans because he gets the opportunity to help people “We get to see all types of situations, and being able to come up with solutions to help improve a customer’s situation is an awesome experience.  It creates trust not only between the bank and customer but also between the customer and me.  Some of my really good friends started out as customers.”  

Will graduated from Graduate School of Banking at Colorado University as well as Texas Tech School of Banking. He is currently taking online classes and is 4 classes away from completing a Bachelor’s degree in Finance.

Born and raised in Taos Will loves working within and helping his community. He enjoys being close to family & friends and the outdoors. He especially loves camping! When he’s not working he also enjoys spending time watching his kids with all their various activities: basketball, soccer, cheerleading and gymnastics.

Let’s Get Started

We would love the opportunity to meet with you and discuss your unique situation.  Please contact us to schedule some time to meet with a loan officer.  At the time of your appointment, please bring a completed and signed Residential Loan Application in order to expedite the loan review process.

We look forward to meeting with you and discussing your loan request.

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