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Looking to buy in Chaves County, New Mexico?
There are 10 USDA backed residential loans in Chaves county with an average loan balance of $112,189. Over 70% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $122,888. On average the rural home size purchased with this loan was approximately 1,661 SqFt. Chaves county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Chaves County is roughly 15,733 square kilometers. USDA defined regions of rural loan ineligibility in Chaves cover 457 square kilometers of the county. Approximately 2.9% of Chaves County is ineligible for traditional USDA home loans. The influence score for Chaves County is 7. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Chaves County, NM
* cities most likely to have USDA loan eligible properties for sale.
Acme • Beatty Wells • Boaz • Campbell • Center Mill • Chisum • *Dexter • Diamante Mill • Dunken • East Grand Plains • Elk • Elkins • Fairbanks • Greenfield • *Hagerman • Highway Mill • *Lake Arthur • Lone Wolf • McDermott Wells • Melena • Mesa • Midway • Mossman • Olive • River Mill • Robertson Wells • Roswell • South Mill • South Spring • South Spring Acres • Vest Wells
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Chaves County.
Chaves County, located in the southeastern part of the great state of New Mexico, was established on February 25, 1889. Named in honor of Colonel Jose Francisco Chaves, a military leader, politician, and pioneer, the county spans an area of 6,075 square miles. With Roswell as the county seat, Chaves County's economy is rooted primarily in agriculture, oil and gas industry, and dairy production.
The region was first inhabited by Native American tribes like the Mescalero Apaches, who were eventually displaced due to westward expansion and an influx of settlers in the 19th century. Both Mexican and American settlers moved into the area, contributing to the diverse history and cultural influence in the county. Chaves County played an important role in the development of the railroad, with its establishment significantly influencing its growth and prosperity.
A fun fact about Chaves County is that in 1947, it became the center of the infamous Roswell UFO incident. Some believed that a UFO crashed and was recovered by the military, while the government claimed it was a high-altitude surveillance balloon. This event sparked immense interest in extraterrestrial life and continues to be a subject of fascination and speculation even today. The city of Roswell has since become synonymous with UFOs and aliens, drawing visitors from around the world to its annual UFO Festival and popular tourist attraction, the International UFO Museum and Research Center.