Do I have to be a first-time buyer for New Mexico HomeForward?

No. The program does not require first-time buyer status.

Is there an income limit?

Yes. The listed income limit is Statewide.

What credit score does New Mexico HomeForward list?

The listed minimum credit score is 620.

New Mexico HomeForward

New Mexico HomeForward is a optional 2nd from MFA. Available statewide in New Mexico. First-time buyer status is not required. Income limit: Statewide.

Amount varies by program

Listed as open as of May 2026

Available statewide in New Mexico.

First-time buyer	Not required
Income limit	Statewide
Minimum credit score	620
Homebuyer education	Required (HFA-approved (Framework, eHome, NeighborWorks, etc.))
Occupations	Statewide NM
Property types	SFR, condo, manuf
Occupancy	Owner-occupied primary
Eligible loan products	FHA/VA/USDA/Conv
Sales price cap	Per county
Repayment	Per program
Stacking	Layer with MCC

Source MFA·official program page·Listed May 2026

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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