New Mexico • First-Time Homeowner programs
First-Time Homeowner grants in New Mexico
Browse first-time homeowner grants available in New Mexico, including statewide and local programs.
5 active programs in New Mexico
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Latest opportunities (5)
Housing New MexicoNMFirst-Time Homeownerloan
Updated: Dec 2, 2025
HomeForward DPA is a 15-year fixed-rate second mortgage that gives New Mexico buyers up to 3% of the sales price toward down payment, pairing with MFA’s HomeForward first mortgage and supporting both first-time and repeat buyers statewide.
Eligible for: Open to first-time and repeat homebuyers using the HomeForward First Mortgage program to purchase an owner-occupied single-family property i…
Housing New MexicoNMFirst-Time Homeownergrant
Updated: Dec 2, 2025
State-level homebuyer mortgage & downpayment/closing-cost assistance programs via Housing NM, including low upfront cash requirement and multiple DPA/loan options.
Eligible for: First-time or repeat buyers (depending on sub-program), credit score min 620, complete homebuyer counseling, income/purchase price limits ap…
Housing New MexicoNMFirst-Time Homeownerforgivable loan
Updated: Dec 2, 2025
HomeNow provides a $7,000, no-payment second mortgage for down payment and closing costs that’s forgivable after 10 years, targeting New Mexico first-time buyers at or below 80% AMI who pair it with MFA’s FirstHome loan.
Eligible for: Available to lower-income first-time homebuyers (and former homeowners who have not owned/occupied a home as a primary residence in the last…
Housing New MexicoNMFirst-Time Homeownerloan
Updated: Dec 2, 2025
MFA’s FirstDown program is a fixed-rate second mortgage that provides up to 4% of the sales price to cover down payment and closing costs for FirstHome borrowers, making it easier for New Mexico first-time buyers to get into a home with less cash up front.
Eligible for: Exclusively for first-time homebuyers purchasing a home in New Mexico who are using MFA’s FirstHome first-mortgage program; must meet the sa…
Santa Fe County – Affordable Housing ProgramNMFirst-Time Homeownerdeferred loan
Updated: Dec 2, 2025
Santa Fe County’s Downpayment Assistance Program offers up to $20,000 in 0% deferred assistance as a subordinate loan, targeted by AMI band, to help first-time buyers close the gap on down payment and closing costs while preserving long-term affordability.
Eligible for: First-time homebuyers purchasing a home in Santa Fe County with household incomes at or under 100% of area median income, who have completed…