Help to buy in New Mexico
Home-buying assistance programs in New Mexico
4 official programs for down payment and closing cost help in New Mexico, from Housing New Mexico. We show what each program says on its own page, with the date we checked it.
Key numbers in New Mexico
- Verified programs
- 4
- from Housing New Mexico
- First-time buyers only
- 3
- 1 does not require it or its page does not say
- Accept an ITIN
- 0
- per their own site · no: 0 · unconfirmed: 4
- Last checked
- November 5, 2026
- against each program’s official page
How to read the list
Not all help is the same
Amounts, limits and funding change: confirm with a participating lender.
Before you compare amounts, look at the kind of help: it changes what you pay later. These are the kinds the programs on this page use.
On ITIN, each card says what the program itself publishes: yes, no, or not confirmed on its site.
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Repayable
Second loan with monthly payments
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Forgivable
Second loan forgiven if you stay in the home
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Type not stated
The source does not say the type of help
The full list
Programs in New Mexico
Filter by who qualifies, by ITIN or by kind of help. Each card quotes the source and the date we checked it.
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- Repayable
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage
What it gives, per the source
is a fixed-rate second mortgage loan program that provides down payment and closing cost assistance for first-time homebuyers
- First-time buyer?
- First-time buyers only
- Accepts ITIN?
- Its site does not confirm
Run by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA)
Verified November 5, 2026
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- Forgivable
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years
What it gives, per the source
A down payment and closing cost second mortgage loan that is available to available to first-time homebuyers who have lower household incomes. The loan has a 0% interest rate and may be forgiven after 10 years if certain conditions are met.
- First-time buyer?
- First-time buyers only
- Accepts ITIN?
- Its site does not confirm
Run by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA)
Verified November 5, 2026
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- Repayable
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years
What it gives, per the source
A third mortgage down payment assistance loan designed to provide additional down payment to first-time homebuyers qualified to use Housing New Mexico’s First Home program.
- First-time buyer?
- First-time buyers only
- Accepts ITIN?
- Its site does not confirm
Run by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA)
Verified November 5, 2026
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- Type not stated
New Mexico state agency 15-year fixed-rate second mortgage of up to 3% of the price for the down payment, for people who have owned a home before or do not qualify for FirstHome
What it gives, per the source
A mortgage loan for individuals or families who have owned a home in the past three years or who do not qualify for Housing New Mexico’s First Home loan program. It may be used with Housing New Mexico’s down payment assistance program, (DPA name) or as a stand-alone first mortgage.
- First-time buyer?
- No first-time requirement
- Accepts ITIN?
- Its site does not confirm
Run by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA)
Verified November 5, 2026
No program matches your search.
Help to repair your home
Repair programs in New Mexico
2 programs we checked in New Mexico to repair your home or make it more efficient, with what each page says.
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NM Energy$mart Weatherization Assistance Program
Run by Housing New Mexico (New Mexico Mortgage Finance Authority)
New Mexico weatherization program (NM Energy$mart): free upgrades that cut energy use, for homeowners and renters who qualify
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Housing New Mexico Homeowner Rehabilitation Program
Run by Housing New Mexico (New Mexico Mortgage Finance Authority)
New Mexico state program that rehabilitates the homes of homeowners with qualifying incomes, with a forgivable interest-free loan
Your county
Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.
Frequently asked questions
What is down payment assistance?
Do I need to be a first-time buyer in New Mexico?
Of the 4 programs on this page, 3 require it; the rest do not, or their page does not say. In general, “first-time buyer” means not having owned a home in the last three years.
Can I use these programs with an ITIN?
What each program’s own site says: accept an ITIN, 0; do not accept one, 0; not confirmed on its site, 4. Ask the participating lender directly before you start, and ask for it in writing.