New Mexico MFA FirstHome Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

New Mexico MFA provides affordable mortgage financing and down payment assistance for first-time homebuyers meeting income and purchase price limits. Available statewide including Espanola and Rio Arriba County.

Down payment assistance amount based on income and purchase price

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 $7,500
  • Below-market interest rates available
  • Income and purchase price limits apply
  • First-time homebuyer definition flexible
  • Available throughout New Mexico including Espanola

How to Apply

A grant-savvy contractor in Espanola, 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

Questions about this program?

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

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