New Mexico MFA HomeNow Down Payment Assistance

About This Program

New Mexico MFA's HomeNow program provides down payment and closing cost assistance of up to $8,000 to first-time and repeat homebuyers in Albuquerque and statewide. Funds are structured as a soft second mortgage forgiven after a period of occupancy. Must use an MFA-approved participating lender and complete homebuyer education.

First-time and qualifying repeat homebuyers using MFA first mortgage

Key Details

• Up to $8,000 in down payment and closing cost assistance
• Soft second mortgage — forgiven after occupancy period
• Must use MFA-approved participating lender
• Free homebuyer education course required
• Available statewide including Albuquerque metro

How to Apply

Deadline: Rolling — contact participating lender