New Mexico USDA Home Loan

The USDA Home Loan Program offers 100% home financing for those who meet certain income and credit requirements and are financing properties in USDA designated areas. Use the map and tables below to determine your eligibility. Use the contact form to the right to request additional information.
New Mexico USDA Home Loan Location Eligibility

The USDA Home Loan Program restricts the location of eligible properties. The dark orange areas of the map indicate ineligible locations. The table indicates counties that contain ineligible properties. - 

 new-mexico-usda-home-loans

Bernalillo Curry Eddy Otero San Juan Santa Fe
Chaves Dona Ana Lea Sandoval
*If you see your county listed, you may still be eligible. To request additional information, use the contact form on the side of the page. - - - -

Step 1 - Calculate your qualifying income based on the USDA income guidelines.

Adjusted Gross Income Calculator

STEP 1 - Determine your Income
What is the combined gross annual income of all applicants?
STEP 2 - Determine your Deductions
How many children under the age of 18 live in the home?
How many disabled or handicapped individuals who are not the applicant or co-applicant live in the home?
How many full time students 18 years of age or older live in the home?
How many people 62 years of age or older live in the home?
What are the documentable medical expenses for family members 62 years of age or older living in the home?
What are the documentable childcare expenses for children 12 years of age or older living in the home?
  
Your Household's Adjusted Gross Income

 

Step 2 - Refer to the table below to see if your income falls within the UDSA guidelines.

New Mexico USDA Home Loan Income Eligibility

The USDA Home Loan Program has income eligibility restrictions. Below are the maximum income limits for USDA Home Loans. Find the area in which you would like to purchase a home. Maximum allowable incomes depend on whether you have a 1-4 or 5-8 person household. The USDA allows certain deductions to help you qualify. View The USDA Home Loan Applicant Eligibility Page to determine your adjusted income. Or, use the contact form to the right to request additional information.

 

Location 1 to 4 5 to 8 · Location 1 to 4 5 to 8 Location 1 to 4 5 to 8
Albuquerque, NM $73,600 $97,150 Eddy County, NM $73,600 $97,150 Mora County, NM $73,600 $97,150
Farmington, NM $73,600 $97,150 Grant County, NM $73,600 $97,150 Otero County, NM $73,600 $97,150
Las Cruces, NM $73,600 $97,150 Guadalupe County, NM $73,600 $97,150 Quay County, NM $73,600 $97,150
Santa Fe, NM $75,900 $100,200 Harding County, NM $73,600 $97,150 Rio Arriba County, NM $73,600 $97,150
Catron County, NM $73,600 $97,150 Hidalgo County, NM $73,600 $97,150 Roosevelt County, NM $73,600 $97,150
Chaves County, NM $73,600 $97,150 Lea County, NM $73,600 $97,150 San Miguel County, NM $73,600 $97,150
Cibola County, NM $73,600 $97,150 Lincoln County, NM $73,600 $97,150 Sierra County, NM $73,600 $97,150
Colfax County, NM $73,600 $97,150 Los Alamos County, NM $92,000 $121,450 Socorro County, NM $73,600 $97,150
Curry County, NM $73,600 $97,150 Luna County, NM $73,600 $97,150 Taos County, NM $73,600 $97,150
De Baca County, NM $73,600 $97,150 McKinley County, NM $73,600 $97,150 Union County, NM $73,600 $97,150
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USDA