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Get Matched Free →Housing NM FirstDown Plus Program
Funding status: Active
How much assistance
$10,000
0% interest, 15-year amortizing loan with monthly payments of approximately $55.56. Must only be used for down payment.
Eligibility
- Income limits: Same as FirstHome and FirstDown income/purchase price limits (varies by county and household size).
- 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. Must be used in conjunction with FirstHome and FirstDown.
- Homebuyer education required: Yes
How to Apply for Housing NM FirstDown Plus Program
Apply alongside FirstHome and FirstDown through a Housing NM participating lender. Available first-come, first-served while funding lasts.
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