Looking to buy in Eddy County, New Mexico?
There are 134 USDA backed residential loans in Eddy county with an average loan balance of $119,417. Over 86% of the loans helped first time home buyers. Borrowers were an average age of 35 years old. The typical appraised home value was around $123,023. On average the rural home size purchased with this loan was approximately 1,436 SqFt. Eddy 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 Eddy County is roughly 10,868 square kilometers. USDA defined regions of rural loan ineligibility in Eddy cover 114 square kilometers of the county. Approximately 1.1% of Eddy County is ineligible for traditional USDA home loans. The influence score for Eddy 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 Eddy County, NM
* cities most likely to have USDA loan eligible properties for sale.
*Artesia • *Atoka • Avalon • Black River Village • Carlsbad • Dayton • Espuela • Four Forks • Four Wells • Frontier Post • Hagerman Heights • *Happy Valley • *Hope• • •
What is a USDA Loan? |
The USDA 502 Guaranteed Loan Program is designed to help low-to-moderate-income homebuyers in eligible rural areas secure affordable housing with no down payment required. Backed by the U.S. Department of Agriculture, this loan offers competitive interest rates, flexible credit requirements, and lower mortgage insurance costs compared to conventional loans. Borrowers work with approved lenders, and the USDA provides a guarantee, reducing the lender’s risk and making homeownership more accessible. |
Take the First Step Toward $0 Down Financing |
• La Huerta • *Livingston Wheeler • *Loco Hills • *Loving • *Malaga • *Morningside • Otis • Queen • Red Bluff • Seven Rivers • Three Forks • *Whites City
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 Eddy County.
Eddy County, located in the southeastern region of the great state of New Mexico, was established on February 25, 1889. Named after cattle baron Charles B. Eddy, the county was an important player in the development of southeastern New Mexico. Carlsbad, the county seat, was named after the famous European spa, "Karlovy Vary," located in present-day Czech Republic, due to the area's mineral springs.
The county thrived mainly on agriculture, but the discovery of oil in 1924 also made it a significant contributor to New Mexico's mineral wealth. The newly found oil reserves led to a boom in the economy, drawing people and businesses to the region.
One of Eddy County's most famous landmarks is the Carlsbad Caverns National Park, home to the renowned Carlsbad Cavern. This park was established in 1930 to preserve more than 100 caves, including the well-known Big Room - the largest cave chamber in North America. The Caverns are not only a popular tourist attraction but also a UNESCO World Heritage Site. The caverns are home to many unique species, including thousands of Brazilian free-tailed bats.
Fun Fact: Eddy County contains New Mexico's lowest elevation point at 2,842 feet above sea level, which can be found near Red Bluff Lake in the southeastern part of the county.
February 2025 Featured Agents | |
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Omar Montero | from New Mexico Mortgage Company |
Margaret "Peggy" Mason Cooper | from Our Texas Real Eatate |
Kristi Pofahl | from Guild Mortgage |