USDA Guaranteed Loans are the most popular rural development mortgage program in New Mexico. Along with no down payment requirement, USDA loans don’t have set maximum loan limits for the guaranteed mortgage program. Instead, local limits are determined by a combination of the area USDA maximum income limit and the applicant’s debt-to-income ratio.
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Search USDA Direct Loan Limits (for low income applicants)
This approach means that the maximum loan limits for Guaranteed Loans are variable, with New Mexico USDA income limits playing a major role. Guaranteed Loan income limits across NM are listed below.
New Mexico USDA Guaranteed Loan Income Limits
Area | 1-4 Person Households | 5-8 Person Households |
|---|---|---|
| Albuquerque, NM MSA | $86,850 | $114,650 |
| Catron County, NM | $86,850 | $114,650 |
| Chaves County, NM | $86,850 | $114,650 |
| Cibola County, NM | $86,850 | $114,650 |
| Colfax County, NM | $86,850 | $114,650 |
| Curry County, NM | $86,850 | $114,650 |
| De Baca County, NM | $86,850 | $114,650 |
| Eddy County, NM | $86,850 | $114,650 |
| Farmington, NM MSA | $86,850 | $114,650 |
| Grant County, NM | $86,850 | $114,650 |
| Guadalupe County, NM | $86,850 | $114,650 |
| Harding County, NM | $86,850 | $114,650 |
| Hidalgo County, NM | $86,850 | $114,650 |
| Las Cruces, NM MSA | $86,850 | $114,650 |
| Lea County, NM | $86,850 | $114,650 |
| Lincoln County, NM | $86,850 | $114,650 |
| Los Alamos County, NM | $108,550 | $143,300 |
| Luna County, NM | $86,850 | $114,650 |
| McKinley County, NM | $86,850 | $114,650 |
| Mora County, NM | $86,850 | $114,650 |
| Otero County, NM | $86,850 | $114,650 |
| Quay County, NM | $86,850 | $114,650 |
| Rio Arriba County, NM | $86,850 | $114,650 |
| Roosevelt County, NM | $86,850 | $114,650 |
| San Miguel County, NM | $86,850 | $114,650 |
| Santa Fe, NM MSA | $86,850 | $114,650 |
| Sierra County, NM | $86,850 | $114,650 |
| Socorro County, NM | $86,850 | $114,650 |
| Taos County, NM | $86,850 | $114,650 |
| Union County, NM | $86,850 | $114,650 |
