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FHA loans in Las Cruces, NM

Quick answer

The 2026 FHA loan limit in Las Cruces, NM (Doña Ana County) is $541,287 for a single-family home, enough for a purchase price up to about $560,000 with 3.5% down. On the $217,400 median home value, that down payment is about $7,609 and the estimated payment is $1,797/month at 7.18%, which needs roughly $77,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $55,176; value-to-income ratio 3.94. Las Cruces ranks 8 by home value and 2 by population among 23 places in our NM dataset.

What does an FHA loan cost on a typical Las Cruces home?

ItemLas Cruces
Median home value (Census ACS)$217,400
New Mexico median home value$232,200
Down payment (3.5%)$7,609
Loan incl. 1.75% upfront MIP$213,462
Estimated monthly payment (PITI + MI)$1,797
Income needed (28% / 36%)$77,000 / $60,000
Doña Ana County 2026 FHA limit (1 unit)$541,287
Max purchase price at the limit$560,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes New Mexico's 0.72% effective property tax rate (Census ACS), $1,490/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Las Cruces?

Las Cruces is in Doña Ana County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Las Cruces median home value of $217,400 is 6% below the New Mexico median, and within what the county limit supports.

Which down payment assistance programs can Las Cruces buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

FHA loans in nearby cities

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FHA loan FAQs for Las Cruces

Las Cruces is in Doña Ana County, where HUD's 2026 FHA limit for a one-unit home is $541,287. With 3.5% down, that supports a purchase price up to about $560,000.

3.5% of $217,400 is about $7,609 with a 580+ credit score (10%, or $21,740, with a 500–579 score), plus closing costs.

At the $217,400 median value (below the New Mexico median of $232,200), the estimated payment of $1,797/month at 7.18% needs about $77,000 a year under the 28% housing guideline, or $60,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.