New Mexico 2024 FHA Loan Limits

Last Updated: Tue, January 2, 2024

Loan Limits in New Mexico

New Mexico has 33 counties with FHA Limits ranging from a low of $498,257 for a 1-bedroom unit in Bernalillo County to a high of $1,203,100 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 ($958,350)
Highest Loan Limit ($1,203,100)

† 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 $498,257 $958,350 view details »
Catron County $498,257 $958,350 view details »
Chaves County $498,257 $958,350 view details »
Cibola County $498,257 $958,350 view details »
Colfax County $498,257 $958,350 view details »
Curry County $498,257 $958,350 view details »
De Baca County $498,257 $958,350 view details »
Dona Ana County $498,257 $958,350 view details »
Eddy County $498,257 $958,350 view details »
Grant County $498,257 $958,350 view details »
Guadalupe County $498,257 $958,350 view details »
Harding County $498,257 $958,350 view details »
Hidalgo County $498,257 $958,350 view details »
Lea County $498,257 $958,350 view details »
Lincoln County $498,257 $958,350 view details »
Los Alamos County $625,600 $1,203,100 view details »
Luna County $498,257 $958,350 view details »
Mckinley County $498,257 $958,350 view details »
Mora County $498,257 $958,350 view details »
Otero County $498,257 $958,350 view details »
Quay County $498,257 $958,350 view details »
Rio Arriba County $498,257 $958,350 view details »
Roosevelt County $498,257 $958,350 view details »
Sandoval County $498,257 $958,350 view details »
San Juan County $498,257 $958,350 view details »
San Miguel County $498,257 $958,350 view details »
Santa Fe County $541,650 $1,041,650 view details »
Sierra County $498,257 $958,350 view details »
Socorro County $498,257 $958,350 view details »
Taos County $498,257 $958,350 view details »
Torrance County $498,257 $958,350 view details »
Union County $498,257 $958,350 view details »
Valencia County $498,257 $958,350 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 2024, the maximum loan limit in New Mexico is $498,257 for a single-family home and $1,203,100 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