New Mexico HomeNow
New Mexico HomeNow is a forgivable 2nd from MFA. Available statewide in New Mexico. Up to $7,000 toward a home purchase. For first-time buyers. Income limit: By county.
Up to $7,000
Listed as open as of May 2026
Available statewide in New Mexico.
| First-time buyer | Required |
|---|---|
| Income limit | By county |
| Minimum credit score | 620 |
| Homebuyer education | Required (HFA-approved (Framework, eHome, NeighborWorks, etc.)) |
| Occupations | Statewide NM |
| Property types | SFR, condo |
| Occupancy | Owner-occupied primary |
| Eligible loan products | FHA/VA/USDA/Conv |
| Sales price cap | By county |
| Repayment | Forgivable deferred |
| 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.
See if New Mexico HomeNow fits your purchase
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More New Mexico programs
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Grant · Up to $10,000
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First mortgage product · Amount varies by program
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Silent 2nd 0%, 10-yr forgive · Up to $88,000
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3rd mortgage 0%, 10-yr forgive · Up to $15,000
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Optional 2nd · Amount varies by program
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Optional 2nd · Amount varies by program
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second_loan · Amount varies by program
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forgivable_loan · Amount varies by program