Down payment assistance in New Mexico

20 programs are listed for New Mexico: grants, forgivable loans, deferred seconds and first mortgage products from state, county, city, tribal and regional providers. Every amount and rule below comes from the provider’s published terms.

Statewide programs

• New Mexico FirstHome
  First mortgage product · Amount varies by program · MFA Housing New Mexico
• New Mexico FirstDown
  Silent 2nd 0%, 10-yr forgive · Up to $88,000 · MFA
• New Mexico FirstDown Plus
  3rd mortgage 0%, 10-yr forgive · Up to $15,000 · MFA
• New Mexico HomeForward
  Optional 2nd · Amount varies by program · MFA
• New Mexico HomeNow
  Forgivable 2nd · Up to $7,000 · MFA
• New Mexico NextHome
  Optional 2nd · Amount varies by program · MFA
• FirstHome
  second_loan · Amount varies by program · Housing New Mexico / New Mexico MFA
• FirstDown
  forgivable_loan · Amount varies by program · Housing New Mexico / New Mexico MFA
• FirstDown Plus
  forgivable_loan · Up to $15,000 · Housing New Mexico / New Mexico MFA
• HomeNow
  forgivable_loan · Amount varies by program · Housing New Mexico / New Mexico MFA
• HomeForward + HomeForward DPA
  second_loan · Amount varies by program · Housing New Mexico / New Mexico MFA
• Homewise Homebuyer Loan & DPA
  second_loan · Amount varies by program · Homewise (nonprofit CDFI)

County and city programs

• Albuquerque Down Payment Assistance
  deferred_loan · Up to $15,000 · City of Albuquerque, Department of Health, Housing & Homelessness
• Santa Fe Community Housing Trust DPA
  deferred_loan · Up to $50,000 · Santa Fe Community Housing Trust
• Santa Fe County DPA
  deferred_loan · Up to $20,000 · Santa Fe County
• Navajo Homeowner Assistance Fund (NHAF)
  grant · Up to $225,000 · Native Community Capital (NCC) / Navajo Nation
• Navajo Housing Authority Homeownership Programs
  deferred_loan · Amount varies by program · Navajo Housing Authority
• Pueblo Housing Authorities (Acoma, Laguna, Zuni)
  below_market_rate · Amount varies by program · Acoma Housing Authority / Laguna Housing Development / Zuni Housing Authority
• FHLB Dallas Homebuyer Equity Leverage Partnership (HELP)
  grant · Up to $25,000 · Federal Home Loan Bank of Dallas

Multi-state programs covering New Mexico

• FHLB Dallas HELP
  Grant · Up to $10,000 · FHLB Dallas

National programs

38 federal and national programs apply in every state. See the national programs.