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Get Matched Free →Housing NM NextHome Program
Funding status: Active
How much assistance
First mortgage with built-in down payment assistance second loan
Eligibility
- Income limits: Income limits vary by county and household size (verify with Housing NM).
- First-time buyer required: No
- Credit score minimum: 620
- Geographic restrictions: Must purchase property in New Mexico.
- Homebuyer education required: Yes
How to Apply for Housing NM NextHome Program
Apply through a Housing NM participating lender. NextHome is open to both first-time and repeat buyers and is used to finance single-family residences.
Notes
Use NextHome when borrower does not qualify as a first-time buyer or wants a combined first-and-second mortgage product.