Fannie Mae and Freddie Mac
Conventional loans follow Fannie Mae or Freddie Mac underwriting guidelines. Conventional minimum loan limits are set nationwide.
Conventional loan limits can be higher than the conforming loan limit in high cost Counties. High cost Counties get to enjoy all of the benefits of traditional conforming underwriting guidelines.
Conventional loans allow as little as a 3% to 5% down payment when buying your primary residence.
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New Mexico Conventional Loan Limits by County
| County | 1 Unit SFR | 2 Unit Duplex | 3 Unit Triplex | 4 Unit Fourplex |
|---|---|---|---|---|
| BERNALILLO COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CATRON COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CHAVES COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CIBOLA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| COLFAX COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| CURRY COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| DE BACA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| DONA ANA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| EDDY COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| GRANT COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| GUADALUPE COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| HARDING COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| HIDALGO COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| LEA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| LINCOLN COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| LOS ALAMOS COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| LUNA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| MCKINLEY COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| MORA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| OTERO COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| QUAY COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| RIO ARRIBA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| ROOSEVELT COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SANDOVAL COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SAN JUAN COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SAN MIGUEL COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SANTA FE COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SIERRA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| SOCORRO COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| TAOS COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| TORRANCE COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| UNION COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |
| VALENCIA COUNTY | $548,250 | $702,000 | $848,500 | $1,054,500 |