USDA Loan Vs. FHA loan pro & con Hobbs, Lea County, NM

In the year 2025, the maximum USDA loan amount in Hobbs, situated in Lea county, NM, is set at $336,500. For a single-family home, the FHA limit stands at $472,030.

Compare the best rates between USDA vs. FHA using the Lendersa® USDA loan calculator. Determine the eligibility requirements including income, credit, reserves, and documentation needed. Our sophisticated mortgage calculator offers a comparative view of USDA, FHA, Conforming, and VA loans, allowing you to choose the best option for your financial circumstances in .

USDA and FHA Loan Options Available in Hobbs, NM

Lendersa® aims to swiftly secure the best USDA or FHA loans for you without complications. Choose from three starting points to connect with lenders offering USDA loan programs.

Lendersa USDA loan process and matching outcomes

Understanding USDA Loans in NM

A USDA home loan is government-backed by the Department of Agriculture. Known also as a USDA rural development loan or mortgage, it is available exclusively in rural areas. Unlike FHA loans requiring a minimum 3.5% down payment, USDA mortgages require none.

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(805) 403-9679 Lender's profile and map Reviews SB Mortgage Group 1601 Anacapa St, Santa Barbara, CA, 93101 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.
(805) 963-1496 Lender's profile and map Reviews McAdams Financial Services 217 East Anapamu Street, Santa Barbara, CA, 93101 McAdams Financial offers a wide variety of home loan products. Featured programs include fixed rate and adjustable rate mortgages, interest-only loans, jumbo loans and FHA mortgages. We also offer a No Lender Fees option which can reduce your closing costs. We look forward to working with our partners, clients.
800-234-3274 Lender's profile and map Reviews SANTA BARBARA COMMERCIAL MORTGAGE, INC. PO BOX 30157, Santa Barbara, CA, 93130 Santa Barbara Commercial Mortgage, Inc formerly known as Mortgage Company of Santa Barbara, has been originating commercial real estate loans in California for over 25 years and is an efficient and valuable resource .With a small and agile loan committee, SBCM is able to process requests quickly and can often fund loans faster than most lenders.
(563) 927-4475 Lender's profile and map Reviews Farmers and Merchants Saving Bank 101 E Main St, Manchester, IA, 52057 F&M Bank was established in 1925 in Manchester, Iowa. F&M Bank continues to be a locally owned and operated financial institution. In 1994, F&M Bank expanded into the Cedar Rapids metro market area and in 2004, established an office in Anamosa. In 2010, F&M became an interstate bank with the addition of the Vadnais Heights.
(615) 446-3732 Lender's profile and map Reviews Bank of Dickson Dickson 466 Highway 46 South, Dickson, TN, 37056 The original seed of an idea began with eight men: Dr. R.P. Beasley, Dr. WA. Bell, Jr., E .F. Dennison, Glen Hamilton, Carney B. Nicks, Mark Wade, Wayne Sensing and Hugh Wynns. This group of visionaries believed in Dickson - after all, this was their home - but they also believed that increasing the availability
(309) 385-4375 Lender's profile and map Reviews Princeville State Bank 142 E. Main Street, Princeville, IL, 61559 We are a family-owned, community bank that provides both personal and business banking services. With rich local connections, PSB has been serving the area since 1950 and continues to serve Princeville, Peoria and surrounding communities with our core values of service, commitment and trust.
(217) 424-9400 Lender's profile and map Reviews Land of Lincoln Credit Union 4850 E Prosperity Place, Decatur, IL, 62521 Land of Lincoln Credit Union was founded in 1947. As a full-service financial institution, LLCU serves over 30, 000 members. Membership in LLCU is open to anyone who lives or works in 26 Illinois counties and their immediate family members. Land of Lincoln Credit Union offers 12 convenient locations in 8 cities to best serve
(251) 575-4555 Lender's profile and map Reviews Peoples Exchange Bank of Monroe County 2013 Highway 21 Bypass, Monroeville, AL, 36460 Monroeville, AL, offers the trusted financial services you deserve. Whether you’re looking to open a checking account or need a mortgage loan on a new home, these experts have the solutions you need. Individuals can look forward to receiving personal attention and helpful advice from knowledgeable bankers.
(251) 575-2921 Lender's profile and map Reviews Alabama River Credit Union 3365 South Alabama Avenue, Monroeville, AL, 36460 We are a member owned financial institution that treats its members with respect and absolute concern for their needs while applying a personable touch. We take great pride in our goal – set forth to give “Our Members” the tools to be economically independent – by helping them learn ways to save and educating them to borrow “smart “.
(217) 648-2315 Lender's profile and map Reviews The Atlanta National Bank 105 SW Church St, Atlanta, IL, 61723 The Atlanta National Bank is a branch office of The Atlanta National Bank. They’re located in 105 SW Church St in Atlanta, Illinois. Their bank charter class is N, which means they’re a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC).
(217) 665-3321 Lender's profile and map Reviews Scott State Bank 101 West Main St., Bethany, IL, 61914 Scott State Bank, originally named The Exchange Bank, was established in 1887. A. R. Scott, the founder, had an iron safe in his mill office and a number of his customers would leave money in it for safekeeping. He also cashed grain checks, and in this manner he “drifted” into the banking business.