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New Mexico 2023 FHA Loan Limits

Last Updated: Mon, January 2, 2023

Loan Limits in New Mexico

New Mexico has 33 counties with FHA Limits ranging from a low of $472,030 for a 1-bedroom unit in Bernalillo County to a high of $1,121,250 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 ($907,900)
Highest Loan Limit ($1,121,250)

† 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 $472,030 $907,900 view details »
Catron County $472,030 $907,900 view details »
Chaves County $472,030 $907,900 view details »
Cibola County $472,030 $907,900 view details »
Colfax County $472,030 $907,900 view details »
Curry County $472,030 $907,900 view details »
De Baca County $472,030 $907,900 view details »
Dona Ana County $472,030 $907,900 view details »
Eddy County $472,030 $907,900 view details »
Grant County $472,030 $907,900 view details »
Guadalupe County $472,030 $907,900 view details »
Harding County $472,030 $907,900 view details »
Hidalgo County $472,030 $907,900 view details »
Lea County $472,030 $907,900 view details »
Lincoln County $472,030 $907,900 view details »
Los Alamos County $583,050 $1,121,250 view details »
Luna County $472,030 $907,900 view details »
Mckinley County $472,030 $907,900 view details »
Mora County $472,030 $907,900 view details »
Otero County $472,030 $907,900 view details »
Quay County $472,030 $907,900 view details »
Rio Arriba County $472,030 $907,900 view details »
Roosevelt County $472,030 $907,900 view details »
Sandoval County $472,030 $907,900 view details »
San Juan County $472,030 $907,900 view details »
San Miguel County $472,030 $907,900 view details »
Santa Fe County $503,700 $968,650 view details »
Sierra County $472,030 $907,900 view details »
Socorro County $472,030 $907,900 view details »
Taos County $472,030 $907,900 view details »
Torrance County $472,030 $907,900 view details »
Union County $472,030 $907,900 view details »
Valencia County $472,030 $907,900 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 2023, the maximum loan limit in New Mexico is $472,030 for a single-family home and $1,121,250 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
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