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Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Current FHA Mortgage Rates in NM - New Mexico FHA Mortgage

New Mexico Mortgages

2024 FHA Loan Limits for New Mexico

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

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.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

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 2024 FHA loan limits for each county in New Mexico are below.

Select County
County Name One Family Two Family Three Family Four Family
Bernalillo One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Catron One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Chaves One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Cibola One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Colfax One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Curry One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
De Baca One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Dona Ana One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Eddy One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Grant One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Guadalupe One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Harding One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Hidalgo One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Lea One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Lincoln One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Los Alamos One Family$692,300 Two Family$886,250 Three Family$1,071,300 Four Family$1,331,350
Luna One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Mckinley One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Mora One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Otero One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Quay One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Rio Arriba One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Roosevelt One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
San Juan One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
San Miguel One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Sandoval One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Santa Fe One Family$541,650 Two Family$693,400 Three Family$838,150 Four Family$1,041,650
Sierra One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Socorro One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Taos One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Torrance One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Union One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300
Valencia One Family$524,225 Two Family$671,200 Three Family$811,275 Four Family$1,008,300

Mortgage Rates by State

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