New Mexico FHA Loan Limits

On June 6, 2009, in Tips And Advice, by Steve Lines

Written by: Steve Lines |

Scottsdale, Arizona - 480-344-3662

FHA Loan Limits in New Mexico

If you are considering the possibility of buying a home in New Mexico, you may find that a FHA mortgage is a great option. New Mexico FHA loans have low rates, low down payment requirements, and accommodating qualifying criteria. Part of the information that you should know before you buy a home in New Mexico using a FHA mortgage is what the maximum loan amount that FHA will allow in your area.

Earlier this year, the New Mexico FHA loan limits were reestablished for the various New Mexico counties. They are as follows:

COUNTY	One-Family	Two-Family	Three-Family	Four-Family
BERNALILLO	$271,050	$347,000	$419,425	$521,250
CATRON	$271,050	$347,000	$419,425	$521,250
CHAVES	$271,050	$347,000	$419,425	$521,250
CIBOLA	$271,050	$347,000	$419,425	$521,250
COLFAX	$271,050	$347,000	$419,425	$521,250
CURRY	$271,050	$347,000	$419,425	$521,250
DE BACA	$271,050	$347,000	$419,425	$521,250
DONA ANA	$271,050	$347,000	$419,425	$521,250
EDDY	$271,050	$347,000	$419,425	$521,250
GRANT	$271,050	$347,000	$419,425	$521,250
GUADALUPE	$271,050	$347,000	$419,425	$521,250
HARDING	$271,050	$347,000	$419,425	$521,250
HIDALGO	$271,050	$347,000	$419,425	$521,250
LEA	$271,050	$347,000	$419,425	$521,250
LINCOLN	$271,050	$347,000	$419,425	$521,250
LOS ALAMOS	$380,650	$487,300	$589,000	$732,000
LUNA	$271,050	$347,000	$419,425	$521,250
MCKINLEY	$271,050	$347,000	$419,425	$521,250
MORA	$271,050	$347,000	$419,425	$521,250
OTERO	$271,050	$347,000	$419,425	$521,250
QUAY	$271,050	$347,000	$419,425	$521,250
RIO ARRIBA	$271,050	$347,000	$419,425	$521,250
ROOSEVELT	$271,050	$347,000	$419,425	$521,250
SAN JUAN	$281,250	$360,050	$435,200	$540,850
SAN MIGUEL	$271,050	$347,000	$419,425	$521,250
SANDOVAL	$271,050	$347,000	$419,425	$521,250
SANTA FE	$427,500	$547,250	$661,500	$822,100
SIERRA	$271,050	$347,000	$419,425	$521,250
SOCORRO	$271,050	$347,000	$419,425	$521,250
TAOS	$271,050	$347,000	$419,425	$521,250
TORRANCE	$271,050	$347,000	$419,425	$521,250
UNION	$271,050	$347,000	$419,425	$521,250
VALENCIA	$271,050	$347,000	$419,425	$521,250

Contact me if you have any questions related to FHA loan in New Mexico.

Steve Lines
FHA Mortgage Specialist
email: slines@bestFHAlender.com
www.bestFHAlender.com
Academy Mortgage
New Mexico Mortgage License #1451

About the author

Steve Lines

Branch Manager - Academy Mortgage Scottsdale AZ and Mesa AZ. I have been involved in real estate finance since 1996. I worked through college as a Spanish-speaking FHA and VA loan officer. Upon graduation, from ASU, I began working as an auditor for Ernst & Young, one of the “Big 4″ accounting firms until I left to continue originating loans. I'm a Branch Manager for Academy Mortgage with branches in Mesa and Scottsdale AZ. See my full FHA loan profile.

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