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Current FHA Mortgage Rates in New Mexico : HSH.com's FHA/VA Showcase

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FHA Mortgage Refinance rates in New Mexico

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3.500% Rate

FHA 30 Yr.

3.721% APR

$898 / month (est)

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Updated 9/21/2018

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4.875% Rate

FHA 30 Yr.

5.580% APR

$1,210 / month (est)

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Updated 9/23/2018

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4.750% Rate

FHA 30 Yr.

5.548% APR

$1,195 / month (est)

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Updated 9/23/2018

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4.750% Rate

FHA 30 Yr.

5.548% APR

$1,195 / month (est)

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Updated 9/23/2018

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4.375% Rate

FHA 30 Yr.

5.115% APR

$1,150 / month (est)

Updated 9/21/2018

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New Mexico Mortgages

2018 FHA Loan Limits for New Mexico

FHA Loans are government insured loans from the Federal Housing Administration and are an attractive option for homebuyers who want to refinance.

For FHA loans, 30 counties have an FHA loan limit at $294,515 and the remaining 3 counties range from $368,000 to $401,350.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2018 FHA loan limits for each county in New Mexico are below.

County NameOne-FamilyTwo-FamilyThree-FamilyFour-Family
Bernalillo$294,515$377,075$455,800$566,425
Catron$401,350$513,800$621,050$771,850
Chaves$294,515$377,075$455,800$566,425
Cibola$294,515$377,075$455,800$566,425
Colfax$294,515$377,075$455,800$566,425
Curry$294,515$377,075$455,800$566,425
De Baca$294,515$377,075$455,800$566,425
Dona Ana$294,515$377,075$455,800$566,425
Eddy$294,515$377,075$455,800$566,425
Grant$294,515$377,075$455,800$566,425
Guadalupe$294,515$377,075$455,800$566,425
Harding$294,515$377,075$455,800$566,425
Hidalgo$294,515$377,075$455,800$566,425
Lea$294,515$377,075$455,800$566,425
Lincoln$294,515$377,075$455,800$566,425
Los Alamos$380,650$487,300$589,000$732,000
Luna$294,515$377,075$455,800$566,425
Mckinley$294,515$377,075$455,800$566,425
Mora$294,515$377,075$455,800$566,425
Otero$294,515$377,075$455,800$566,425
Quay$294,515$377,075$455,800$566,425
Rio Arriba$294,515$377,075$455,800$566,425
Roosevelt$294,515$377,075$455,800$566,425
San Juan$294,515$377,075$455,800$566,425
San Miguel$294,515$377,075$455,800$566,425
Sandoval$294,515$377,075$455,800$566,425
Santa Fe$368,000$471,100$569,450$707,700
Sierra$294,515$377,075$455,800$566,425
Socorro$294,515$377,075$455,800$566,425
Taos$294,515$377,075$455,800$566,425
Torrance$294,515$377,075$455,800$566,425
Union$294,515$377,075$455,800$566,425
Valencia$294,515$377,075$455,800$566,425