The 2026 FHA loan limit in Sierra County, New Mexico is $541,287 for a one-unit home ($693,050 two-unit, $837,700 three-unit, $1,041,125 four-unit). With 3.5% down, that supports a purchase price of about $560,919.
$193,000median sale price HUD used
2026 limits by property size
| Units | FHA limit | Conforming / VA |
|---|---|---|
| 1 unit | $541,287 | $832,750 |
| 2 units | $693,050 | $1,066,250 |
| 3 units | $837,700 | $1,288,800 |
| 4 units | $1,041,125 | $1,601,750 |
vs national floor and ceiling
HUD sets FHA limits at 115% of the area median sale price, kept between the floor and the ceiling.
What an FHA loan costs here
| Home price | 3.5% down | Loan | Monthly P&I |
|---|---|---|---|
| $200,000 | $7,000 | $193,000 | $1,336 |
| $300,000 | $10,500 | $289,500 | $2,004 |
| $400,000 | $14,000 | $386,000 | $2,673 |
| $560,919 | $19,632 | $541,287 | $3,748 |
Add the FHA upfront premium (1.75%), annual MIP, property tax and insurance.
VA loans in Sierra County
Veterans with full VA entitlement have no VA loan limit. Lenders size the loan by income and appraisal, not by county. With reduced entitlement (for example, an active VA loan), the 2026 county limit of $832,750 (the FHFA conforming limit) sets how much you can borrow with no down payment.
Related
- New Mexico FHA limits by countyall counties
- USDA income limits, Sierra County0% down rural loans
- Sierra County property tax0.52% effective
- Conforming loan limit$832,750
- Mortgage rates in New Mexicothis week
Sources: HUD FHA forward mortgage limits CY2026 (CHUMS file, case numbers assigned on or after Jan 1, 2026); FHFA 2026 conforming loan limits; Freddie Mac PMMS 30-year average 7.40% (week of 2026-10-15) for payment examples, which cover principal and interest only, before FHA mortgage insurance, taxes and insurance. Not lending advice.
Major Cities & Counties in New Mexico
Largest by population (Census ACS 2020–2024). Property tax for each:
- Albuquerque pop. 562,218
- Las Cruces pop. 114,197
- Rio Rancho pop. 108,515
- Santa Fe pop. 89,019
- Roswell pop. 47,638
- Farmington pop. 46,314
- Hobbs pop. 40,252
- Clovis pop. 37,942
- South Valley pop. 37,120
- Carlsbad pop. 31,746
- Bernalillo County pop. 673,930
- Doña Ana County pop. 224,266
- Santa Fe County pop. 156,105
- Sandoval County pop. 153,604
- San Juan County pop. 120,942
- Valencia County pop. 78,458
- Lea County pop. 73,733
- McKinley County pop. 70,431
- Otero County pop. 68,816
- Chaves County pop. 64,217
Frequently asked questions
What is the FHA loan limit in Sierra County for 2026?
The 2026 FHA loan limit in Sierra County, New Mexico is $541,287 for a one-unit home ($693,050 two-unit, $837,700 three-unit, $1,041,125 four-unit). With 3.5% down, that supports a purchase price of about $560,919.
What is the max FHA loan for a duplex in Sierra County?
$693,050 for a two-unit property in 2026. A triplex is $837,700 and a fourplex is $1,041,125.
What is the VA loan limit in Sierra County?
No limit with full entitlement. With reduced entitlement, the 2026 county limit is $832,750.
How much down payment do I need for an FHA loan?
3.5% with a credit score of 580 or higher, or 10% with a score of 500–579.