New Mexico FirstHome Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers purchasing in New Mexico. Combines low-interest mortgage with forgivable second mortgage for down payment. Income limits and purchase price limits apply. Includes homebuyer education requirement.

Maximum down payment assistance available through FirstHome program

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

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

Key Details

  • Down payment assistance up to $15,000
  • For first-time homebuyers in New Mexico
  • Forgivable second mortgage
  • Income and purchase price limits apply
  • Homebuyer education required

How to Apply

A grant-savvy contractor in Anthony, 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, through participating lenders

Questions about this program?

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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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