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VA loans in South Valley, NM

Quick answer

Eligible veterans and service members in South Valley, NM can buy with 0% down and no monthly mortgage insurance; with full entitlement there's no VA loan limit, and Bernalillo County's $832,750 limit applies only to partial entitlement. On the $205,200 median home, the estimated payment is $1,667/month at 7.18% including the 2.15% first-use funding fee.

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

Median household income: $51,062; value-to-income ratio 4.02. South Valley ranks 10 by home value and 9 by population among 23 places in our NM dataset.

What does a VA loan cost on a typical South Valley home?

ItemSouth Valley
Median home value (Census ACS)$205,200
New Mexico median home value$232,200
Down payment (0%)$0
Loan incl. 2.15% funding fee$209,612
Estimated monthly payment (PITI + MI)$1,667
Income needed (28% / 36%)$72,000 / $56,000
Bernalillo County 2026 county limit for partial VA entitlement$832,750

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); VA loans have no monthly mortgage insurance.

What is the 2026 VA loan limit in South Valley?

VA loans have no loan limit for borrowers with full entitlement. If part of your entitlement is tied up in another VA loan, VA uses Bernalillo County's 2026 conforming limit of $832,750 to calculate your zero-down maximum. The county's FHA limit is $541,287 for comparison.

The South Valley median home value of $205,200 is 12% below the New Mexico median, and within what the county limit supports.

Which down payment assistance programs can South Valley buyers use?

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

VA loans in nearby cities

AlbuquerqueNorth ValleyLos LunasRio RanchoSanta FeLos Alamos

VA loan FAQs for South Valley

Not for borrowers with full entitlement. If you have an active VA loan or unrestored entitlement, Bernalillo County's 2026 limit of $832,750 is used to calculate how much you can borrow with no down payment.

With 0% down on $205,200, a 2.15% first-use funding fee financed brings the loan to about $209,612; the estimated payment including New Mexico taxes and insurance is $1,667/month. Veterans with a service-connected disability rating are generally exempt from the fee.

At the $205,200 median value (below the New Mexico median of $232,200), the estimated payment of $1,667/month at 7.18% needs about $72,000 a year under the 28% housing guideline, or $56,000 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.