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The down payment assistance programs that are listed here are a sample of what is available for homebuyers in New Mexico. This can be your starting point as you search for the right program for your family.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Down Payment Grants for 2021

Mortgage Assistance for Home Buyers in New Mexico

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The New Mexico Mortgage Finance Authority offers eligible applicants a number of mortgage programs to help them cover the down payment and closing cost assistance, as well as provide competitive interest-rate mortgage loans. 

HomeNow is a second mortgage loan program that is available to first-time homebuyers who have lower incomes. This program offers eligible applicants a number of mortgage programs to help them cover the down payment and closing cost assistance.

NextHome is a combination of first mortgage loan and down payment assistance second loan that is available to first-time and non-first-time homebuyers with low and moderate incomes.

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Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

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FHA Down Payment Programs Near You