USDA Vs. FHA your options comparison in Portales, Roosevelt County, NM
For 2026, in Portales located within Roosevelt, NM, the USDA loan limit stands at $336,500, whereas the FHA cap is $472,030 when considering a single-family home.
The Lendersa® USDA loan calculator can be used to compare the best current rates between USDA and FHA, helping you determine the necessary income, credit, reserves, and paperwork for eligibility. This advanced mortgage calculator allows you to view USDA, FHA, Conforming, and VA loans side by side, ensuring you select the best option suited to your financial needs, specifically in .
2026 Loan Limits and Down Payment Needs in Portales, Roosevelt, NM
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Portales, NM
The mission of Lendersa® is to promptly secure the most favorable USDA or FHA loan without any hassle. Choose from one of three initiation points, each leading you to matching lenders and USDA loan possibilities.
A USDA home loan, backed by the Department of Agriculture, also known as a USDA rural development loan or mortgage, is accessible solely in rural areas. In contrast to FHA loans that require a minimum 3.5% down payment, USDA loans eliminate the need for any initial down payment.
Incorporated on January 7, 1916, with capital stock of $25,000, The Citizens Bank of Clovis has become the largest independent financial institution in East-Central New Mexico now with assets in excess of $449,000,000. With capital in excess of $46,000,000, it is one of the best capitalized banks in New Mexico.
The Bank of Clovis is a state chartered bank with deposits insured by the FDIC. The Bank was founded October 16, 2000. Our shareholders are employees, farmers, ranchers, small business owners, construction workers, teachers, doctors, lawyers, nurses, policemen, and firemen -- all from Curry County and the surrounding area.
Originally chartered as Cannon AFB Federal Credit Union located in an old barracks building on Cannon AFB, CFCU has flourished, moving & expanding into 2 convenient locations today. CFCU provides financial services to thousands of members in & around Clovis, New Mexico – including civilian & military personnel assigned to Cannon AFB, NAF employees.
The mission of American Heritage Bank is to provide excellent customer and community support within the realm of safe and sound banking practices. The attainment of our mission will produce economic growth within our communities and a return of favorable value to our shareholders.
Frost Mortgage, we’re dedicated to giving each customer a great experience. Our local home Loan Originators have decades of combined experience in the mortgage industry and can help you reach your short- and long-term goals.Our local specialists have the resources of a huge national mortgage company and the friendly attitude of your neighbors.
Ag New Mexico, Farm Credit Services (FCS), ACA is a rural lending cooperative that finances agricultural production, agribusiness and rural real estate, including farms, ranches, and rural recreational property. We are a part of the nationwide Farm Credit System, the oldest and largest source of rural financing in the United States.
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.
