FHA Loan Limits in Chaves County, New Mexico (2026)
From Chaves County, FHA buyers in Chaves County can finance a one-unit home up to $541,287 with 3.5% down in 2026. That matches the national FHA floor used across most of the Southwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
These 2026 limits apply throughout Chaves County, from Chaves County outward, and sit alongside the limits set for neighboring Bernalillo and Dona Ana Counties.
What can you buy with FHA in Chaves County?
With Chaves County's median sale price estimated near $354,000 (think Chaves County), the FHA down payment is roughly $12,390. Factoring New Mexico property taxes near 0.78%, expect about $2,643 monthly, pointing to income near $102,000 — above New Mexico's $58,722 median household income, so budget carefully.
FHA payment scenarios in Chaves County
Whether you are buying in Chaves County or a smaller Chaves County community, here is how an FHA payment scales by price (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $255,000 | $8,925 | $1,937 |
| Local median — $354,000 | $12,390 | $2,643 |
| At the FHA limit — $541,287 | $18,945 | $3,980 |
Estimates include FHA MIP plus New Mexico property taxes and insurance. Rates move daily near Chaves County too — get notified.
In Chaves County and the surrounding Chaves County market, FHA's appeal is the math: $12,390 down on a $354,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in Chaves County
Investors and house-hackers in Chaves County and across Chaves County can finance 2-4 unit homes with FHA at just 3.5% down: $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
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Frequently Asked Questions
- What is the FHA loan limit in Chaves County for 2026?
- In Chaves County (Chaves County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Chaves County with FHA?
- For a median-priced ($354,000) Chaves County home, plan on income around $102,000 at a 31% housing ratio — about $2,643/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Chaves County?
- 3.5% with a 580+ score — roughly $12,390 on a $354,000 Chaves County-area home. Gift funds are allowed.
- Is Chaves County a high-cost FHA area?
- No — Chaves County uses the $541,287 national floor for one unit.