New Mexico 2020 FHA Loan Limits

Last Updated: Thu, January 2, 2020

Loan Limits in New Mexico

New Mexico has 33 counties with FHA Limits ranging from a low of $331,760 for a 1-bedroom unit in Bernalillo County to a high of $829,350 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 ($638,100)
Highest Loan Limit ($829,350)

† 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 $331,760 $638,100 view details »
Catron County $401,350 $771,850 view details »
Chaves County $331,760 $638,100 view details »
Cibola County $331,760 $638,100 view details »
Colfax County $331,760 $638,100 view details »
Curry County $331,760 $638,100 view details »
De Baca County $331,760 $638,100 view details »
Dona Ana County $331,760 $638,100 view details »
Eddy County $331,760 $638,100 view details »
Grant County $331,760 $638,100 view details »
Guadalupe County $331,760 $638,100 view details »
Harding County $331,760 $638,100 view details »
Hidalgo County $331,760 $638,100 view details »
Lea County $331,760 $638,100 view details »
Lincoln County $331,760 $638,100 view details »
Los Alamos County $431,250 $829,350 view details »
Luna County $331,760 $638,100 view details »
Mckinley County $331,760 $638,100 view details »
Mora County $331,760 $638,100 view details »
Otero County $331,760 $638,100 view details »
Quay County $331,760 $638,100 view details »
Rio Arriba County $331,760 $638,100 view details »
Roosevelt County $331,760 $638,100 view details »
Sandoval County $331,760 $638,100 view details »
San Juan County $331,760 $638,100 view details »
San Miguel County $331,760 $638,100 view details »
Santa Fe County $380,650 $732,000 view details »
Sierra County $331,760 $638,100 view details »
Socorro County $331,760 $638,100 view details »
Taos County $331,760 $638,100 view details »
Torrance County $331,760 $638,100 view details »
Union County $331,760 $638,100 view details »
Valencia County $331,760 $638,100 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 2020, the maximum loan limit in New Mexico is $331,760 for a single-family home and $829,350 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