MFA FirstHome Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Farmington. Combines affordable first mortgage with forgivable second mortgage for down payment. Income and purchase price limits apply.

Second mortgage for down payment assistance, forgiven after 10 years

Key Details

  • Up to $12,000 for down payment and closing costs
  • Must be first-time homebuyer
  • Income limits: $95,000 (1-2 person) / $109,000 (3+)
  • Purchase price limit: $417,000 in San Juan County
  • Second mortgage forgiven after 10 years

How to Apply

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

Deadline: Ongoing, subject to funding availability

Need a Contractor for This Grant?

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

Find More Programs in Farmington, NM

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

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