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Housing NM FirstHome Program

Administered by:

Housing New Mexico (MFA)
· State · Repayable Loan

Funding status: Active

How much assistance

First mortgage financing at competitive rates

Eligibility

  • Income limits:
    Income limits vary by county and household size; example Bernalillo County limit is $91,565 for 1-2 person household, $105,300 for 3+ person household (verify current limits with Housing NM).
  • 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 FirstHome Program

Apply through a Housing NM participating lender. Available with FHA, VA, USDA, HFA Advantage, and HFA Preferred Conventional loans. Pre-purchase homebuyer education required.

Notes

FirstHome can be combined with FirstDown, HomeNow, FirstDown Plus, and DownPaymentAdvantage for stacked assistance. Purchase price limits vary by county.

Cities Where This Program Is Available (11 citys across 1 state)

Available Statewide In