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Get Matched Free →Housing NM Targeted Areas Program
Funding status: Active
How much assistance
Lower mortgage rates, higher purchase price limits, plus down payment assistance
Eligibility
- Income limits: Buyer must contribute at least $500 of own funds. No first-time buyer requirement in targeted census tracts.
- First-time buyer required: No
- Credit score minimum: 620
- Geographic restrictions: Property must be located in a qualifying federally designated census tract. In Bernalillo County, eligible tracts include: 09.05, 09.06, 09.08, 12.01, 13.00, 15.00, 20.00, 24.04, 34.00, 37.33, 47.36, 47.49, and 9406.02.
- Homebuyer education required: Yes
How to Apply for Housing NM Targeted Areas Program
Confirm property is in a qualifying census tract with your Housing NM participating lender, then apply alongside the FirstHome program. Complete homebuyer education.
Notes
Targeted areas program waives the first-time buyer rule and provides better terms in designated revitalization areas.