FHA VS Conventional loan programs in 2025 for Hobbs, Lea County, New Mexico

In 2025, Convetional loan limit in Hobbs, county of Lea, NM is $726,200 while FHA limit is $472,030 for a single-family home.

Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in NM is best for your particular financial situation.

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2025 loan limits and downpayment requirments in Hobbs, county of Lea, NM

Loan Type Loan Limit Down payment
Conventional Conforming $726,200 3%
USDA $336,500 0%
FHA $472,030 3.5%

The comparison table applies to zip codes: 88240

Conventional and FHA loan options in Hobbs, NM

Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.

Lendersa USDA loan request and matching results


  • Insight Mortgage
  • 8101 Polo Club Dr, Suite A, Merrillville, IN, 46410
  • Our mission is to serve our customers with honesty, integrity and competence. Our goal is to provide home loans to our clients while providing them with the lowest interest rates and closing costs possible. Furthermore, we pledge to help borrowers overcome roadblocks that can arise while securing a loan.
  • Region Mortgage
  • 9111 Broadway, Suite H, Merrillville, IN, 46410
  • Region Mortgage specializes in Conventional, FHA, JUMBO, USDA, and VA financing. We custom tailor each loan program to make sure it is the right fit for our clients. We will walk you through the process to make sure you are informed along the way and have all of the adequate knowledge to select the right loan product for you and your family.
  • Xcapital Inc
  • 311 West Superior, Suite 207, Chicago, IL, 60654
  • Xcapital are always competitive and in my experience, are among the lowest available. Just check out their website to see. The loan process is fast and efficient with most steps being covered in emails that I find very convenient. I recently completed a cash-out refi. with only one phone call being made through the entire process.
  • Private Client Mortgage Group
  • 430 W. Erie St, Suite 300, 310, Chicago, IL, 60654
  • We are dedicated to providing a fast, efficient mortgage process. Our transparent digital mortgage experience is backed by superior customer support. We’re using technology to change the way people finance their homes. Give every client the best loan possible without sacrificing service, experience or integrity!
  • Commercial Lending
  • 116 W. Hubbard, Suite 200, Chicago, IL, 60654
  • Commercial Lending X is a finance and loan company that assists businesses in locating and securing loans for commercial ventures. Asset types managed by this company include asset based loans, working capital lines, industrial equipment financing and loans, business start, business acquisition, leasehold improvements.
  • Burling Bank
  • 141 West Jackson Boulevard, Chicago, IL, 60604
  • Burling Bank is a full-service, privately owned retail bank located in the heart of Chicago’s financial district. Burling Bank was founded on the desire to provide a higher level of personalized customer service & to treat all clients with discretion & respect. We offer a full suite of banking products & services to meet the deposit & credit needs.
  • U.S. Employees Credit Union
  • 230 S Dearborn Street, Suite 2962, Chicago, IL, 60604
  • USECU is member-owned, and not run by stockholders. Credit unions are not-for-profit organizations; therefore, we are able to pay higher dividends on deposit accounts, charge lower fees, and offer lower rates on loans. U.S. Employees Credit Union has been helping people achieve financial success since 1953.
  • Wintrust Bank, National Association
  • 231 S LaSalle St, Chicago, IL, 60604
  • Wintrust Bank offers banking solutions tailored to our customers, their needs, and our unique community. No matter what your financial need, we can help. But, we also go above and beyond basic banking solutions. We host financial education courses, hold community events and throw neighborhood cookouts. We believe a bank should be a true asset the a
  • United Mortgage Lending Corp
  • 9850 Von Allmen Court, Suite 201, Louisville, KY, 40241
  • Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan officer. Since market conditions and mortgage programs change frequently, you need to make sure you’re dealing with a top professional who is able to give you quick and accurate financial advice.