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Get Matched Free →Housing NM DownPaymentAdvantage Grant
Funding status: Active
How much assistance
$25,000
No repayment required.
Eligibility
- Income limits: Borrower must earn 80% or less of Area Median Income (AMI). Limits vary by county and household size. Must contribute at least $500 of own funds. At least one applicant (or co-applicant) must hold US citizenship.
- First-time buyer required: Yes — A first-time homebuyer is anyone who has not owned and occupied a primary residence in the past three years.
- Credit score minimum: 620
- Geographic restrictions: Must purchase property in New Mexico.
- Homebuyer education required: Yes
How to Apply for Housing NM DownPaymentAdvantage Grant
Apply through a Housing NM participating lender alongside FirstHome. Complete homebuyer education. Funding is limited.
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How soon are you looking to buy?
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