Looking to buy in Sierra County, New Mexico?
There are 17 USDA backed residential loans in Sierra county with an average loan balance of $92,065. Over 70% of the loans helped first time home buyers. Borrowers were an average age of 44 years old. The typical appraised home value was around $101,724. On average the rural home size purchased with this loan was approximately 1,396 SqFt. Sierra 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 Sierra County is roughly 10,967 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Sierra County is 6. 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 Sierra County, NM
* cities most likely to have USDA loan eligible properties for sale.
Alivio • *Arrey • *Caballo • Chise • Chloride • Crocker • Cuchillo • Cutter • Derry • *Elephant Butte • Engle • Grafton • Hermosa • *Hillsboro• • •
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 |
• *Hot Springs Landing • Jornada • *Kingston • La Petra • *Las Palomas • Monticello • *Oasis • Rock Canyon • *Truth or Consequences • Upham • *Williamsburg • *Winston
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 Sierra County.
Sierra County, located in the great state of New Mexico, was established on April 25, 1852. Originally named Dona Ana County, it was subsequently renamed Sierra County in 1884. Spanning over an area of about 4,236 square miles, Sierra County is located in the southwestern part of New Mexico and shares its western border with the Rio Grande River.
The region boasts a rich history that dates back to the Native American tribes of the Mimbres and Mogollon who lived in the area around 200 CE. Later on, during the 1500s, Spanish explorers like Francisco Vazquez de Coronado began to explore the region in search of the mythical Seven Cities of Gold. Eventually, Spanish settlements emerged, and the area became part of the Mexican territory after the Mexican War of Independence.
In 1848, following the Mexican-American War, the region became part of the United States under the Treaty of Guadalupe Hidalgo. With the arrival of the railroad in the 1800s, Sierra County continued to expand, and its economy primarily revolved around mining, agriculture, and ranching.
Today, Sierra County is known for its beautiful landscapes and attractions, including the Gila National Forest, Elephant Butte Reservoir, rugged mountains, and hot springs. A fun fact about Sierra County is that it's home to Spaceport America, one of the world's first commercial spaceports, providing exciting insights into the future of commercial space travel.