One-Time Close Loans | FHA, VA, and USDA
Learn all about the VA, USDA, and FHA versions of the One-Time Close Loan.

2020 FHA Loan Limits in NEW MEXICO tell homebuyers how much borrowing power they have to build a home in their state, city, and county. VA Limits are set by the lenders.

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2020 FHA Loan Limits and VA Lender Limits

Limits for Single Family Home Loans in NEW MEXICO Counties

The FHA has a maximum loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2020, the FHA floor was set at $331,760 for single-family home loans. This minimum lending amount covers 80% of all U.S. counties."

33 match(es) found

BERNALILLO County
ALBUQUERQUE, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CATRON County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $401,350
CHAVES County
ROSWELL, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CIBOLA County
GRANTS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
COLFAX County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
CURRY County
CLOVIS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
DE BACA County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
DONA ANA County
LAS CRUCES, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
EDDY County
CARLSBAD-ARTESIA, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
GRANT County
SILVER CITY, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
GUADALUPE County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HARDING County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
HIDALGO County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LEA County
HOBBS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LINCOLN County
RUIDOSO, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
LOS ALAMOS County
LOS ALAMOS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $431,250
LUNA County
DEMING, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MCKINLEY County
GALLUP, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
MORA County
LAS VEGAS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
OTERO County
ALAMOGORDO, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
QUAY County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
RIO ARRIBA County
ESPANOLA, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
ROOSEVELT County
PORTALES, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SAN JUAN County
FARMINGTON, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SAN MIGUEL County
LAS VEGAS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SANDOVAL County
ALBUQUERQUE, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SANTA FE County
SANTA FE, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $380,650
SIERRA County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
SOCORRO County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
TAOS County
TAOS, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
TORRANCE County
ALBUQUERQUE, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
UNION County
NON-METRO
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760
VALENCIA County
ALBUQUERQUE, NM
VA Lender Limit FHA Loan Limit
$1,000,000 $331,760

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