USDA Vs. FHA your options comparison in Lovington, Lea County, NM
In the year 2026, the USDA loan limit for Lovington, within Lea county, NM, is established at $336,500. Meanwhile, the FHA loan ceiling is $472,030 for a single-family home.
Utilize the Lendersa® USDA loan calculator to assess and contrast today's leading USDA and FHA rates. It determines the requisite income, credit score, reserves, and documents for qualification. With our advanced mortgage calculator, compare USDA, FHA, Conforming, and VA loans side by side, aiding you in selecting the most suitable program for your finances in .
Loan Limits and Down Payment Requisites for 2026 in Lovington, Lea, NM
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Available USDA and FHA Loan Choices in Lovington, NM
Lendersa® is dedicated to securing the fastest, most hassle-free USDA or FHA loan options. Choose from three initial steps that connect you with matching lenders and USDA loan programs.
A USDA home loan, sponsored by the Department of Agriculture, is also called a USDA rural development loan or USDA mortgage. It's accessible solely in rural areas. Unlike FHA loans that mandate a minimum 3.5% down payment, USDA mortgages have no down payment requirement.
On January 13, 1953, a small group of people from the Hobbs Municipal Schools joined together to establish a credit union to offer its members an opportunity to accumulate their savings and create a source of credit. Since 1953, the credit union has experienced changes such as growth, new products & services, and technological improvements.
Chartered on November 2, 1928, during the great oil boom days the original Lea County State Bank of Lovington played an important part in the early development of this area. Dedicated to the people of Lea County, the bank adopted their pioneer spirit, which would eventually make this part of New Mexico great.
Western Bank of Artesia, New Mexico was chartered and opened for business as Peoples State bank on August 2, 1948 on the Calvin Dunn property located at 4th and Quay in Artesia, New Mexico, the same location that the bank occupied from 1948 to 2000. The bank was first housed in temporary quarters in a small sheet iron building.
Artesia Credit Union is a member-owned, cooperative, non profit financial services institution founded and operated to encourage thrift among its members, create a source of credit at a fair and reasonable rate of interest, and provide an opportunity for its members to improve their economic condition in a friendly manner.
First American Bank serves New Mexico with sixteen full service locations in fourteen communities and mortgage offices in Ruidoso, NM, and Rio Rico, AZ. Over the past century, First American Bank has remained true to its mission by providing a full spectrum of financial services; building lasting customer relationships
U-1st Community Federal Credit Union can help with your individual loan and checking account needs. We offer a wide variety of products and services, including consumer loans, money market accounts, checking accounts and more. We were established on October 3, 1955, and with over 65 years of experience.
The credit union is a cooperative organization operated by volunteer members formed into governing bodies. A board of seven directors governs the overall operations of the credit union. A supervisory committee examines the credit union operations and oversees the board of directors.
Eddy Federal Credit Union is committed to making available products and services that will enable you to meet your financial needs and reach your financial goals. Protecting personal information and using it in a manner consistent with your expectations is a high priority for everyone associated with the credit union.
Western Commerce Bank opened its doors June 3, 1961 in the small town of Loving, New Mexico. Since that time, the bank has grown and expanded to include eleven full-service locations throughout New Mexico in Carlsbad, Loving, Hobbs, Lovington, Tatum, and Albuquerque. Our slogan is “Pulling Together For You”, and we take that seriously.
