USDA VS FHA in Silver-City, Grant County, NM

As of 2025, the USDA loan ceiling in Silver-City, located in the county of Grant, NM, is set at $285,000. In comparison, the FHA loan limit for a single-family residence is $356,362.

Utilize the Lendersa® USDA loan calculator to evaluate current USDA and FHA rates, assisting you in determining the necessary income, credit score, reserves, and documentation for eligibility. Leveraging our sophisticated mortgage calculator, you can review USDA, FHA, Conforming, and VA options side by side, aiding you in deciding which program in Alabama is optimal for your financial needs.

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2025 Loan Maximums and Down Payment Needs in Silver-City, County of Grant, NM

Type of Loan Max Loan Amount Minimum Down Payment
USDA $285,000 0%
FHA $356,362 3.5%
Conventional Conforming $548,250 3%

USDA & FHA Lending Solutions in Silver-City, NM

Lendersa® aims to provide the finest USDA or FHA loan options swiftly and with minimal complexity. Choose from three distinct methods to connect with lenders and find the corresponding USDA loan programs.

Lendersa USDA loan request and matching results

Understanding the USDA Loan in NM

A USDA home loan is federally backed by the Department of Agriculture, also known as a USDA rural development loan or USDA mortgage, applicable only in rural areas. Contrary to FHA loans, which mandate at least a 3.5% down payment, USDA loans do not necessitate any down payment.

Enter your location to find out if it qualifies for USDA rural housing loan?



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