New Mexico 2021 FHA Loan Limits

Last Updated: Sat, January 2, 2021

Loan Limits in New Mexico

New Mexico has 33 counties with FHA Limits ranging from a low of $356,362 for a 1-bedroom unit in Bernalillo County to a high of $953,200 for a 4-bedroom unit in Los Alamos County.

For more details about the loan limits (including FHA Limits, HECM Limits, and Fannie Mae & Freddie Mac loan limits) in any of New Mexico's counties, choose the county from the interactive map or the list below.



Lowest Loan Limit ($685,400)
Highest Loan Limit ($953,200)

† Lowest limit for homes with four living-units. There are lower limits for homes with fewer living-units.

Loan Limits by County in New Mexico (33 counties)

County Single Unit Limit (lowest) Four-Plex Limit (highest)
Bernalillo County $356,362 $685,400 view details »
Catron County $401,350 $771,850 view details »
Chaves County $356,362 $685,400 view details »
Cibola County $356,362 $685,400 view details »
Colfax County $356,362 $685,400 view details »
Curry County $356,362 $685,400 view details »
De Baca County $356,362 $685,400 view details »
Dona Ana County $356,362 $685,400 view details »
Eddy County $356,362 $685,400 view details »
Grant County $356,362 $685,400 view details »
Guadalupe County $356,362 $685,400 view details »
Harding County $356,362 $685,400 view details »
Hidalgo County $356,362 $685,400 view details »
Lea County $356,362 $685,400 view details »
Lincoln County $356,362 $685,400 view details »
Los Alamos County $495,650 $953,200 view details »
Luna County $356,362 $685,400 view details »
Mckinley County $356,362 $685,400 view details »
Mora County $356,362 $685,400 view details »
Otero County $356,362 $685,400 view details »
Quay County $356,362 $685,400 view details »
Rio Arriba County $356,362 $685,400 view details »
Roosevelt County $356,362 $685,400 view details »
Sandoval County $356,362 $685,400 view details »
San Juan County $356,362 $685,400 view details »
San Miguel County $356,362 $685,400 view details »
Santa Fe County $414,000 $796,150 view details »
Sierra County $356,362 $685,400 view details »
Socorro County $356,362 $685,400 view details »
Taos County $356,362 $685,400 view details »
Torrance County $356,362 $685,400 view details »
Union County $356,362 $685,400 view details »
Valencia County $356,362 $685,400 view details »

How to qualify for an FHA Loan in New Mexico?

To qualify for an FHA loan in New Mexico, your home loan must be below the local FHA loan limits in your area. For 2021, the maximum loan limit in New Mexico is $356,362 for a single-family home and $953,200 for a four-plex. Limits varies by county. The minimum loan limit is $5,000.

Loan limits vary by county and home size. In addition to loan limits, to qualify for an FHA loan you must live in the home as your primary residence. If you're purchasing a multi-family home, the monthly Fair Market Rent (FMR) for the property must exceed 1% of the purchase price. FHA loans cannot be used for commercial real estate investment purposes or "flipping" homes in New Mexico. Additional restricts apply. Click on the New Mexico map above or the table below to see loan limits in your area.


** Document Provided By FHALoans.guide **
Source: https://fhaloans.guide/loan-limits/new-mexico