New Mexico Mortgage Finance Authority FirstHome Program

New Mexico Mortgage Finance Authority (MFA)

Available Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers in Santa Fe purchasing through MFA. Forgivable second mortgage that disappears after 5 years of occupancy. Combines with low-interest first mortgage.

Down payment assistance as forgivable second mortgage

Key Details

  • Down payment assistance up to $10,000
  • Forgivable second mortgage after 5 years
  • Income limits apply (varies by household)
  • Must be first-time homebuyer
  • Available throughout Santa Fe

How to Apply

A grant-savvy contractor in Santa Fe, 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 Santa Fe, NM

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