USDA Vs. FHA Pro and Con comparison in Socorro, Socorro County, NM
In the year 2025, the USDA loan limit in Socorro, situated in the county of Socorro, NM, stands at $336,500, compared to the FHA limit of $472,030 for a single-family residence.
Utilize the Lendersa® USDA loan calculator to evaluate current USDA and FHA rates, helping you to comprehend the income, credit, reserves, and documentation essential for eligibility. With our sophisticated mortgage tool, you can set USDA, FHA, Conforming, and VA options alongside each other, providing insights into which program in suits your financial circumstances best.
2025 loan limits and down payment requirements in Socorro, county of Socorro, NM
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
USDA and FHA loan solutions in Socorro, NM
The aim of Lendersa® is to swiftly connect you with the most favorable USDA or FHA loan, minus the complications. Begin with one of three pathways to successfully find a fitting lender and USDA loan program.
A USDA home loan is a government-backed borrowing option offered through the Department of Agriculture, also referred to as a USDA rural development loan or mortgage, restricted to rural areas. Unlike FHA loans that mandate at least a 3.5% down payment, the USDA loan requires no down payment at all.
Growing up in North Texas I’ve seen firsthand the incredible rate at which it has grown. There has never been a better time to leverage debt to buy Texas Real Estate. Rates are still very low. Texas represents freedom and more people are catching on and moving here than ever before.
5500 East Loop 820 South, Suite 101A, Fort Worth, TX, 76119
Our services will take the complications out of the process. Let one of our Loan Specialist analysis your credit profile to take the guess work out and identify the best financing available for you. You’ll be surprised by how easy your life becomes once we work together— contact one of our professional for more information.
United Northwest Federal Credit Union, originally United Co-op Credit Union, was organized in July of 1949 by local area farmers of Norton and Lenora. Annual meetings were held at the co-op station in Norton, with 27 members present at the first meeting. In 1975 a name change took place, making it United Northwest Federal Credit Union.
8613 Mid Cities Blvd, Suite 300, North Richland Hills, TX, 76182
"Lending Edge Mortgage has built a reputation for excellence through customer service.
Lending Edge Mortgage is a Texas-based mortgage banker established in 2002. We are a dba of AmCap Home Loan NMLS: #129122 located in Houston, Texas.
Our vision is to have the reputation of being “The Lender of Choice” from all our customers"
Lamar National Bank started in 1980 in Paris, TX, by businessmen who saw an opportunity for Relationship Banking and supporting the needs of the community. We are dedicated to building a culture of care in the community we serve and helping others find their path to success. We build lifelong, multigenerational relationships
our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today.
Lone Star Home Mortgage is a full service mortgage Company with one goal in mind...helping consumers accomplish their home financing goals.The only way to achieve this is by providing the best origination platform for mortgage professionals to operate in today's landscape. This means delivering the products, price, and service.
General Motors moved the plant to Dallas and the credit union followed. There, board members worked out of their locker room until January 1982, when office space was rented, a computer bought and a manager hired. GM moved the plant back to Forth Worth in 1987 and the credit union moved to Forth Worth in August of 1987. In October 1991.
488 East 6400 South, Suite 300, Salt Lake City, UT, 84107
Most anyone can close a deal; what sets The Loan Chef above the rest is how sweet the entire process is. With over a decade and a half of mortgage experience, an MBA from Westminster College, and numerous professional relationships throughout the real estate/construction industry
4500 S 777 E, Suite 215, Salt Lake City, UT, 84107
Shilo has nearly a decade of experience in the mortgage industry & currently holds his professional license. Shilo can offer borrower(s) a broad range of knowledge about the business, the loan process, and how to meet or exceed every borrowers mortgage needs. Combining the winning blend of an outgoing personality with a creative mind.
