New Mexico Down Payment and Homeownership Assistance


Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.

Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.

Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.

The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.

(Source: HUD.gov)

Statewide and Regional Programs

Native American Programs
U.S. Department of Agriculture Rural Development – homebuyer programs in rural communities
New Mexico Mortgage Finance Authority – programs for first-time homebuyers and others

Housing Authorities Offering Assistance

Bernalillo County Housing Authority
Santa Fe Civic Housing Authority
Las Cruces Housing Authority

Dona Ana County Housing Authority
926 S. San Pedro St.
Las Cruces, NM
(505) 523-6100

Region VI Housing Authority
P.O. Drawer 2057
Roswell, NM 88202
(505) 622-0881

Clovis Housing Authority
P.O. Box 1240
Clovis, NM 88102
(505) 769-7902

Socorro Housing Authority
P.O. Box 00
Socorro, NM 87801
(505) 835-0196