Zero-down USDA Guaranteed Loans are the most popular rural development mortgage program in New Mexico. These loans are available for anyone with low to moderate income to purchase a home in approved rural areas with no down payment. Other USDA loan limits and resources can be viewed here:
USDA Loan Limits
USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA doesn’t set specific maximum loan limits for guaranteed mortgages. Instead, local limits are determined by a combination of the area USDA maximum income limit and the borrowers debt-to-income ratio. This approach means that guaranteed maximum USDA loan limits are fluid and based upon numerous factors, unlike low-income USDA Direct Loans, which have set maximum limits. The figures listed below are based on approximate calculations. Actual guaranteed maximum loan limits may vary.
New Mexico Guaranteed USDA Loan Limits
Area | 1-4 Person Households | 5-8 Person Households |
|---|---|---|
| Albuquerque, NM MSA | $306,000 | $391,000 |
| Catron County, NM | $306,000 | $391,000 |
| Chaves County, NM | $306,000 | $391,000 |
| Cibola County, NM | $306,000 | $391,000 |
| Colfax County, NM | $306,000 | $391,000 |
| Curry County, NM | $306,000 | $391,000 |
| De Baca County, NM | $306,000 | $391,000 |
| Eddy County, NM | $306,000 | $391,000 |
| Farmington, NM MSA | $306,000 | $391,000 |
| Grant County, NM | $306,000 | $391,000 |
| Guadalupe County, NM | $306,000 | $391,000 |
| Harding County, NM | $306,000 | $391,000 |
| Hidalgo County, NM | $306,000 | $391,000 |
| Las Cruces, NM MSA | $306,000 | $391,000 |
| Lea County, NM | $306,000 | $391,000 |
| Lincoln County, NM | $306,000 | $391,000 |
| Los Alamos County, NM | $374,000 | $483,000 |
| Luna County, NM | $306,000 | $391,000 |
| McKinley County, NM | $306,000 | $391,000 |
| Mora County, NM | $306,000 | $391,000 |
| Otero County, NM | $306,000 | $391,000 |
| Quay County, NM | $306,000 | $391,000 |
| Rio Arriba County, NM | $306,000 | $391,000 |
| Roosevelt County, NM | $306,000 | $391,000 |
| San Miguel County, NM | $306,000 | $391,000 |
| Santa Fe, NM MSA | $306,000 | $391,000 |
| Sierra County, NM | $306,000 | $391,000 |
| Socorro County, NM | $306,000 | $391,000 |
| Taos County, NM | $306,000 | $391,000 |
| Union County, NM | $306,000 | $391,000 |
