Calling all first-time homebuyers in New Mexico. This guide is your key to valuable resources and assistance programs specifically tailored for residents of the Land of Enchantment. Explore specialized programs, including down payment assistance and favorable mortgage options, designed to support your path to homeownership. Whether you're captivated by the vibrant art scene of Santa Fe or the outdoor adventures of Albuquerque, this guide provides the information you need to make informed decisions when navigating the New Mexico real estate market.
State-Wide Programs
| Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|
| FIRSTDown | Up to $8,000 in down payment and closing cost assistance | First time homebuyers who meet income requirements and have a FIRSTHome mortgage | Second mortgage |
| NEXTHome | Up to 3% that can be used for down payment and closing cost assistance | Any homebuyer that can meet income requirements | Forgivable second mortgage |
| HOMENow | Up to $8,000 in down payment and closing cost assistance | First time homebuyers who meet income requiremtns | Forgivable second mortgage |
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