MFA Owner-Occupied Home Rehabilitation & Stabilization

New Mexico Mortgage Finance Authority

Available Home Repair

About This Program

Provides forgivable loans for major home repairs and rehabilitation to low-income homeowners in New Mexico. Loan is forgiven after 10 years of compliance with program requirements including maintaining homeowner's insurance and property taxes.

Forgivable loan for major rehabilitation, no repayment if compliance maintained

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

Key Details

  • Forgivable loan up to $60,000
  • Income at or below 80% AMI required
  • Must be owner-occupied in New Mexico
  • Forgiven after 10 years of compliance
  • Covers major repairs and rehabilitation

How to Apply

A grant-savvy contractor in Farmington Hills, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Farmington Hills early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Deadline: Subject to annual funding allocation

Questions about this program?

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

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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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