New Mexico · Subsidized loan

MFA FirstHome (New Mexico)

Below-market rate + DPA available

Below-market 30-year fixed rate with DPA for first-time buyers. FHA, VA, USDA, conventional.

MFA FirstHome provides DPA for first-time New Mexico buyers. The program pairs with competitive first mortgage rates and covers down payment and closing costs across the state's diverse markets.

AmountBelow-market rate + DPA available

TypeSubsidized loan

Available inNew Mexico

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

MFA NextHome (New Mexico) Below-market rate + DPA for repeat buyers

New Mexico · Subsidized loan

MFA DPA (New Mexico) $8,000

New Mexico · Second mortgage

All New Mexico programs →

Get your free stacking strategy

We'll show you how to combine MFA FirstHome (New Mexico) with other programs to maximize your free money — personalized to your ZIP code and income.

Or get matched with a lender who knows this program →

All New Mexico programs →