New Mexico First Home Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

State first-time homebuyer program offering below-market mortgage rates and down payment/closing cost assistance. Available to first-time buyers or those who haven't owned in 3+ years.

Down payment assistance typically 3-5% of purchase price

Key Details

  • Below-market mortgage rates
  • Down payment and closing cost assistance
  • First-time buyers or 3+ years since ownership
  • Income limits apply by county
  • Must complete homebuyer education

How to Apply

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

Deadline: Ongoing program

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 Rio Rancho, NM

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