Grants, forgivable loans, and subsidized mortgages — many New Mexico buyers qualify for $8,000+ in assistance and don't even know it.
Find your programs →Click any program for full details, eligibility, and how to apply.
Below-market 30-year fixed rate with DPA for first-time buyers. FHA, VA, USDA, conventional.
Subsidized loanHouse-hack eligible30-year fixed for repeat buyers with DPA. Not limited to first-time buyers.
Subsidized loanHouse-hack eligible$1,000-$8,000 for down payment and closing costs. Second mortgage at MFA rate. Pairs with FirstHome or NextHome.
Second mortgageHouse-hack eligible3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.
Subsidized loanHouse-hack eligibleZero down payment, no PMI for eligible veterans and active-duty service members.
Federal benefitHouse-hack eligibleZero down payment for rural and suburban areas. 97% of US land qualifies.
Subsidized loan3% down with reduced mortgage insurance for low-to-moderate income buyers.
Subsidized loanHouse-hack eligible3% down with flexible funding sources including gifts and employer assistance.
Subsidized loanHouse-hack eligibleNo down payment, no closing costs, no PMI, below-market rate. Character-based lending.
Nonprofit programHouse-hack eligible50% off purchase price for teachers, law enforcement, firefighters, and EMTs.
GrantThere are 3 state-specific programs and 7 federal programs available in New Mexico, totaling 10 programs.
Not all programs require first-time buyer status. Several New Mexico programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.
Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.