NM MFA First Generation Down Payment Assistance

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-generation homebuyers in New Mexico. Assistance is a 0% deferred loan due at sale, refinance, or payoff. Neither parent can have owned a home.

Deferred payment loan for down payment and closing costs

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

Key Details

  • Up to $15,000 down payment assistance
  • For first-generation homebuyers only
  • 0% interest deferred payment loan
  • Income limits apply (typically up to 120% AMI)
  • Due when home is sold or refinanced

How to Apply

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

Deadline: Ongoing while funds available

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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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