New Mexico MFA FirstHome Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

Below-market interest rate mortgage loans for first-time homebuyers in New Mexico. Includes down payment assistance option. Income and purchase price limits apply. Must complete homebuyer education course before closing.

Below-market rate mortgage with optional down payment assistance

Official program page checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Below-market mortgage rates for first-time buyers
  • Purchase price limit $358,000 in Alamogordo
  • Income limits apply (moderate income)
  • Down payment assistance available
  • Must complete homebuyer education

How to Apply

A grant-savvy contractor in Alamogordo, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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