New Mexico FirstDown
New Mexico FirstDown is a silent 2nd 0%, 10-yr forgive from MFA. Available statewide in New Mexico. Up to $88,000 toward a home purchase. For first-time buyers. Income limit: Per HH/county.
Up to $88,000
Listed as open as of May 2026
Available statewide in New Mexico.
| First-time buyer | Required |
|---|---|
| Income limit | Per HH/county |
| Minimum credit score | 620 |
| Homebuyer education | Required (HFA-approved (Framework, eHome, NeighborWorks, etc.)) |
| Occupations | Statewide NM |
| Property types | SFR, condo, manufactured |
| Occupancy | Owner-occupied primary |
| Eligible loan products | FHA/VA/USDA/Conv |
| Sales price cap | Per county |
| Repayment | 0% int, forgiven 10 yrs |
| Forgivable | Per program structure |
| Stacking | Pairs with FirstHome |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: MFA · program details at the provider’s site.
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