New Mexico Mortgage Finance Authority FirstHome Program

New Mexico Mortgage Finance Authority (MFA)

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in New Mexico. Offers low interest rates and forgivable second mortgage for qualified buyers. Income and purchase price limits apply.

Down payment assistance as forgivable second mortgage

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 for first-time buyers
  • Income and purchase price limits apply
  • Forgivable second mortgage option
  • Below-market interest rates
  • Homebuyer education required

How to Apply

A grant-savvy contractor in Carlsbad, 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 bond authority

Questions about this program?

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

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

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