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Wondering about where mortgage rates are headed? Check out our latest Two-Month Mortgage Rate Forecast.

Current FHA Mortgage Rates in NM - New Mexico FHA Mortgage

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Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".
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New Mexico Mortgages

2023 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 2023 FHA loan limits for each county in New Mexico are below.

County Name One Family Two Family Three Family Four Family
Bernalillo One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Catron One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Chaves One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Cibola One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Colfax One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Curry One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
De Baca One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Dona Ana One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Eddy One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Grant One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Guadalupe One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Harding One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Hidalgo One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Lea One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Lincoln One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Los Alamos One Family$583,050 Two Family$746,400 Three Family$902,250 Four Family$1,121,250
Luna One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Mckinley One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Mora One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Otero One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Quay One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Rio Arriba One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Roosevelt One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
San Juan One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
San Miguel One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Sandoval One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Santa Fe One Family$503,700 Two Family$644,800 Three Family$779,450 Four Family$968,650
Sierra One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Socorro One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Taos One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Torrance One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Union One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
Valencia One Family$472,030 Two Family$604,400 Three Family$730,525 Four Family$907,900
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