What You Need to Know
You can depend on a number of Sandia programs specifically designed to help make buying your dream home a reality for you and your family. These resources will help you navigate the process whether you need help with saving, buying, selling, or funding a down payment. Not looking to buy a house yet? We have you covered with renting solutions as well!
Sandia Laboratory Federal Credit Union (SLFCU) Savings for Home Buyers
SLFCU offers home loan options that do not require a 20% down payment. In most markets, qualifying first time homebuyers only need a 3-5% down payment.
Financing a home with SLFCU could result in a lower monthly mortgage payment and also save big dollars over the life of your loan.
And, learn how to save money on a mortgage with the SLFCU Skip the Private Mortgage Insurance (PMI) option.
Bank of America Options for Benefits and Discounts
Thanks to Sandia’s relationship with Bank of America, employees are offered special banking benefits and may be eligible for certain discounts on a new mortgage.
Employees can get a special bundle of no-fee banking services by setting up Sandia National Laboratories payroll direct deposit into an eligible existing or new personal Bank of America® checking or savings account. Learn more.
Note: Benefits apply only to eligible Bank of America accounts receiving all or a portion of your Sandia National Laboratories payroll direct deposit.
Employees may qualify for a rate reduction or reduced closing costs on a new Bank of America mortgage.
Bank of America is able to offer a 0.50 reduction in discount points that you can use to reduce the rate of your new mortgage (in most instances) or to reduce your closing costs.*
Learn more from Bank of America about finding a loan that’s right for you.
*Bank of America, N.A. Equal Housing Lender
HomeFundIt
Learn about HomeFundIt options for funding down payments and for first time home buyers.
When you set up a HomeFundIt campaign, it’s easy for family and friends to help. Just like when you graduated from high school and sent out graduation cards, you can set up a HomeFundIt campaign and simply let your family and friends know you’re hoping to buy a home.
Family and friends can make online contributions up to $7,499 per donor—with no paperwork and just a few clicks.
With HomeFundIt, the down payment funds are automatically approved by Fannie Mae and Freddie Mac when you close your loan.
Donations can be pure-gift or contingent on purchase. There are no fees, commissions, or hidden costs to use the platform.
Sandia employees can now build a down payment faster and easier, plus get an extra $1,500.
Using our HomeFundIt platform, family and friends can contribute to your down payment with just a few clicks, and none of the paperwork normally needed.
And, the lender will match $2 for $1, up to the lesser of $1,500 or 1% of purchase price towards nonrecurring closing costs for first time homebuyers who complete homebuyer education prior to signing a purchase contract. Learn more and start today.
Berkshire Hathaway Home Services
Berkshire Hathaway Home Services provides a variety of resources available to Sandians.
Home Buying Services Resources:
- Researching a local market
- Property Identification and selection
- New home tours
- Community information
- Professional guidance and advice
- Property evaluation and valuation
- Making an offer and negotiations
- Managing the transaction process
- Post-closing services
Leasing Services Resources:
- Optional/premium service
- Valuable, personalized guidance
- Finding the right neighborhood
- Researching available inventory
- Scheduling appointments
- Viewing properties
Visit MySandiaExtras.com for more information.
New Employee Relocation Benefits
Relocation benefits, available to new employees that meet certain requirements, are handled by TRC Global Mobility (1-800-783-5337). Expending funds on relocation prior to authorization may result in non-reimbursable costs. Note that eligibility and specific travel requirements may apply.
At least four weeks lead time is needed to coordinate your move. Some relocation reimbursements are considered taxable income and are subject to supplemental wage withholding.
Benefits can include the following:
- Relocation allowance for miscellaneous relocation expenses
- House hunting trip reimbursement for potential employees and their spouse (if applicable)
- Household goods move
- Temporary living reimbursement
- New Home Purchase Assistance
- Up to 40 hours of time off for activities specifically related to relocation with prior management approval
- Spouse Employment Assistance
- Final Move reimbursement
- Access to TRC’s Neighborhood Scout Application that includes comprehensive information on neighborhoods; lifestyle, schools, safety, etc.
Relocation FAQs
Intern Housing Resources
Summer 2021 update: Most Sandia New Mexico and California summer interns will participate in a virtual internship program this year and will not be relocated. Please do not arrange housing for your internship this summer unless you’ve received an exception.
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All housing arrangements need to be made on your own. Unfortunately, Sandia’s Student Internship Program is unable to make housing arrangements but we have provided the following possible options. Before you commit to any housing agreement, be sure to ask about short-term (2-4 months) leasing options and any additional fees (e.g., application, deposit, premiums) that may be required as part of the agreement. As you make arrangements, inform the rental agent that you are an intern at Sandia National Laboratories.
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Disclaimer: Sandia National Laboratories does not prescreen, endorse, or assume any responsibility for housing vendors. We make no recommendations about and assume no responsibility for problems with housing vendors.
Intern Housing in Albuquerque
Casas Del Rio at The University of New Mexico (UNM) (6.4 miles from Sandia)
420 Redondo E Dr NE
Albuquerque, NM 87106
(505) 277-1619
Lease Options: not available for summer 2021.
Note: All utilities, high-speed internet/Wi-Fi, laundry facilities, HD cable TV access, 24-hour computer pod/free printing, and trashcans, shower curtains, microwave, mini fridge, and unit furnishings are included at no extra charge.
Additional amenities include: 24-hour fitness center, game room, community kitchen, and group or private study rooms.
Payment: Interns may pay half of the price upfront and the other half at the midpoint of their stay.
Application Instructions: in the “Request a Roommate” section, please note that you are a Sandia Summer Intern and that you would like to be placed with the other interns from Sandia. You may also request a roommate if you have someone in mind, or your may request an individual space.
University of New Mexico (UNM) (6.4 miles from Sandia)
2700 Campus Boulevard NE
Albuquerque, NM 87106
(505) 277-2606
Lease options: not available for summer 2021.
Includes: All utilities, high-speed internet/Wi-Fi, laundry facilities, 24/7 on-campus customer service desk, and access to outdoor recreational facilities including basketball, sand volleyball and tennis courts as well as BBQ grills and running path.
Additional amenities include campus parking, gym memberships, and linens package with weekly exchange available at an additional rate.
Program Dates: May 18th to August 3rd, 2019. Limited space is available before and after these dates.
Additional single nights are available at a rate of $30.00 a night.Please note: Arrival and departure dates before May 18th and after August 3rd are available, but limited, and are reserved on a first-come, first-served basis. If you indicate an arrival date or departure date before May 18th or after August 3rd, you may be asked to move. We will try to assign you to one apartment for the entirety of your stay. The Summer Intern Housing Application is available online here.
For more information contact Rebecca Colón, Coordinator, at rcolon@unm.edu or by calling 505-277-2660.
These apartments are close to Sandia and have been previously rented by student interns. Units range in size from studio to 3 bedrooms. Rental rates and features requiring additional charges are subject to change. See a table of the included amenities and extra features for the apartments listed below.
Allegro at Tanoan (9.37 miles from Sandia)
6601 Tennyson Street NE
(505) 332-9000
Lease options: Seven month minimum
Note: Gated community
Broadstone Towne Center (5.02 miles from Sandia)
1801 Gibson Boulevard SE
(505) 243-6688
Lease options: Three month minimum
Note: Amenities include a movie theater
Encantada at Santa Monica (12.7 miles from Sandia)
6401 Santa Monica Ave NE
Albuquerque, NM 87109
(505) 312-7585
Lease options: Three month minimum
Note: “preferred employer” discount for Sandia employees and interns
Hunters Ridge (3.25 miles from Sandia)
13150 Wenonah Avenue SE
Albuquerque, NM 87123
(505) 298-3270
Lease options: Two month minimum
Note: Furniture can be provided
La Paloma (7.82 miles from Sandia)
6001 Moon Street NE
Albuquerque, NM 87111
(505) 828-1770
Lease options: Three month minimum
Mirabella Heights (1.16 miles from Sandia)
701 Stephen Moody Street SE
Albuquerque, NM 87123
(505) 332-4300
Lease options: Three month minimum
Note: Floor plan features area balconies for extra storage.
Prairie Hills Apartments (2.68 miles from Sandia)
1001 Tramway Boulevard NE
Albuquerque, NM 87112
(505) 292-1189
Lease options: Two month minimum
Note: Extra charge for short-term lease, gated community, floor plan additional features (i.e., walk-in closets, wood-laminate flooring, an open kitchen, a central air system, and a washer/dryer in select units)
Pavilions (10.23 miles from Sandia)
11600 Academy Road NE
Albuquerque, NM 87110
(505) 292-3000
Lease options: Two month minimum
Note: 1-2 car garages are available at no extra charge.
Presidio at Northeast Heights (7.05 miles from Sandia)
6350 Eubank Boulevard, NE
Albuquerque, NM 87111
(505) 271-1400
Lease options: Three month minimum with a $200 premium
Note: “preferred employer” 5% discount included for Sandia employees and interns.
Note: There is a $200 premium for 3-5 month leases.
Extended Stay America
2321 International Avenue SE
Albuquerque, NM 87106
(505) 244-0414
Note: Amenities include a business center, fitness center, pool, and laundry facilities
Roxbury
1616 Carlisle Blvd NE
Albuquerque, NM 87110
(888) 210-8549
Lease options: 9-15 months
Note: Extra charge for pets; pro-rated rent option available
University Village Hotel
1901 University Boulevard SE
Albuquerque, NM 87106
(505) 835-5800
Rent options: Weekly/monthly rates available
Note: Fully furnished, all utilities are included, high speed internet, DirectTV
Note: Amenities include a business center, club house, fitness center, hot tub, pool, game room, onsite laundry facility, and theater
These links offer information regarding furniture rentals:
- Aaron’s Furniture Rental
- (505) 830-0830; 4600 Menaul Boulevard NE
- (505) 833-0777; 4101 Central Avenue NW
- CORT Furniture Rental
- (505) 345-3411; 5901 Pan American Fwy, NE
- Rent-a-Center
- (505) 883-7500; 11500 Menaul Boulevard
- (505) 884-8700; 4770 Montgomery Boulevard
Are you interested in finding a roommate? Once you have officially accepted our student intern offer, request to participate in the Sandia Labs Students NM Facebook (FB) group. If your Facebook account name does not match your application, please notify the SNL NM FB Administrator.
Once a member, you will be able to connect with other incoming or current student interns. The group may be utilized to post your interest in seeking roommate. You may consider including your school, major, the duration you will be in the local area, and your hobbies or interests. This may help in finding a good match.
The intern FB is a closed group. Please follow Sandia’s social media guidelines when posting.
Adding to the Family?
From pregnancy, to newborn days at home, to returning to work, Sandia’s Expectant Parent Program supports you through the baby steps of the parenting journey.