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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
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 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.
New Mexico State Motto: Crescit eundo
It grows as it goes
USDA Rural Development State OfficeFeatured Properties from USDA Loan Eligible Regions of New Mexico
100 Sun Avenue NE, Suite 130
Albuquerque, NM 87109