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Local Loan Limits – Muleshoe, TX loan limit summary. limits for FHA Loans in Muleshoe, Texas range from $314,827 for 1 living-unit homes to $605,525 for 4 living-units. Conventional Loan Limits in Muleshoe are $484,350 for 1 living-unit homes to $931,600 for 4 living-units. The 2019 Home Equity Conversion Mortgage (HECM) limits in Muleshoe is $726,525.