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There are 2,911 USDA backed residential loans in New Mexico with an average loan balance of $118,893. Over 78% of the loans went to help first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $126,707. On average the rural home size purchased with this loan was approximately 1,556 square feet.
The size of New Mexico is roughly 314,917 square kilometers. USDA defined regions of rural loan ineligibility in New Mexico cover 5,862 square kilometers of the state. See the interactive geographic illustration below for more details. A mere 1.86% of the state is ineligible for traditional USDA home loans.
Select from the list of counties below or use the search feature to find houses in a city where you would like to live.
Search 33 Counties of New Mexico
Bernalillo • Catron • Chaves • Cibola • Colfax • Curry • De Baca • Dona Ana • Eddy • Grant • Guadalupe • Harding • Hidalgo • Lea • Lincoln • Los Alamos • Luna • McKinley • Mora • Otero • Quay • Rio Arriba • Roosevelt • San Juan • San Miguel • Sandoval • Santa Fe • Sierra • Socorro • Taos • Torrance • Union • Valencia
States bordering New Mexico include Arizona, Colorado, Oklahoma, Texas and Utah.
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 Search for USDA Eligible Properties throughout the state of New Mexico.
New Mexico was admitted into the United States on January 6th, 1912 where the state capitol today resides in Santa Fe.
The official state motto of New Mexico is "Crescit Eundo," which is Latin for "It Grows as it Goes." This motto was adopted by the state of New Mexico in the early twentieth century, and is intended to represent the idea that the state is constantly growing and developing. The motto is a reminder that the state's progress is ongoing, and that it will continue to grow and prosper with each passing year. It also serves as a reminder to the citizens of New Mexico of the importance of taking collective action to ensure the state's continued growth and development.
USDA Rural Development State OfficeFeatured Properties from USDA Loan Eligible Regions of New Mexico
100 Sun Avenue NE, Suite 130
Albuquerque, NM 87109