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Updated: December 2, 2024

2025 Mortgage Loan Limits: New Mexico

Property Type2025 Loan Limit
1-Unit Homes$806,500
2-Unit Homes$1,032,650
3-Unit Homes$1,248,150
4-Unit Homes$1,551,250

Source: Federal Housing Finance Agency; Federal Housing Administration

New Mexico, mortgage loan limits apply in:

New Mexico 2025 mortgage loan limits include the following cities: No specific cities listed

Historical Charts: Mortgage Loan Limits in New Mexico

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in New Mexico, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.

Mortgage Statistics from New Mexico

Mortgage statistics for New Mexico, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.

MortgagesTotal
Purchase Mortgages (2018-2023)144735
Loan TypeRelative Share
Conventional61.05%
FHA23.50%
VA14.53%
USDA0.91%
Property TypeRelative Share
1-Unit Homes99.21%
2-Unit Homes0.35%
3-Unit Homes0.17%
4-Unit Homes0.27%
Borrower StatusRelative Share
One Applicant54.20%
Two or More Applicants45.80%
GenderRelative Share
Male31.97%
Female23.37%
Joint Sex39.15%
Not Available5.52%
RaceRelative Share
American Indian / Alaska Native2.61%
Asian2.24%
Black / African American1.77%
Native Hawaiian / Other Pacific Islander0.17%
White75.60%
Mixed Race3.07%
Other Race14.54%
EthnicityRelative Share
Hispanic or Latino31.55%
Not Hispanic or Latino49.74%
Joint Ethnicity6.58%
Other Ethnicity12.14%

New Mexico data represents closed-end, first-lien purchase mortgages for 1-4 unit residential properties since 2018. Source: FFIEC Home Mortgage Disclosure Act

Mortgage Loan Limits Near New Mexico

Get 2025 conforming and FHA mortgage loan limits for the areas surrounding New Mexico. Local loan limits and county-level mortgage data updated regularly.

View Nearby Counties:

Bernalillo County

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De Baca County

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Dona Ana County

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Guadalupe County

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Harding County

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Hidalgo County

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Lincoln County

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Los Alamos County

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Mckinley County

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Rio Arriba County

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Roosevelt County

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Sandoval County

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San Juan County

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San Miguel County

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Santa Fe County

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Socorro County

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Torrance County

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Valencia County

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