New Mexico MFA HomeNow Down Payment Assistance

New Mexico Mortgage Finance Authority (MFA)

Available Down Payment

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

Visit Official Program Page Track this program

505-843-6880

Deadline: Rolling, contact participating lender

Need a Contractor for This Grant?

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

Find Contractors in Albuquerque, NM Are You a Contractor? Get Listed

Find More Programs in Albuquerque, NM

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs