New Mexico Affordable Housing Tax Credit

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in New Mexico. Provides up to $10,000 in forgivable assistance through MFA FirstHome program. Must complete homebuyer education course and purchase in eligible area.

Down payment assistance forgiven after 10 years of homeownership

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

Key Details

  • Up to $10,000 for down payment and closing costs
  • For first-time homebuyers
  • Income at or below 120% AMI
  • Must complete homebuyer education
  • Forgiven after 10 years

How to Apply

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

Deadline: Ongoing; subject to annual funding allocation

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