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NMdeferred loanactive
MFA FirstHome + FirstDown
New Mexico Mortgage Finance Authority
Up to $8,000 FirstDown DPA
Overview
Up to $8K DPA for NM first-time buyers using FirstHome.
Detailed requirements
First-time buyer. Pairs with FirstHome first mortgage. Income/purchase price limits.
Eligibility at a glance
- First-time buyer required
- Yes
- Min credit score
- 640
- Owner-occupied required
- Yes
- Homebuyer education required
- Yes
Ready to apply?
A free grant specialist walks you through eligibility and the official application in one short call.
Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.