image desccription

Income, Purchase Price and Targeted Area Limits

FIRSTHome and FIRSTDown Income Limits 

Current gross annual household income may not exceed limits listed below unless the homebuyer is planning to purchase a home in a targeted area.

Counties / By Family Size 1 to 2 
Person Household
3 or More 
Person Household
Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $66,624 $76,618
Santa Fe MSA $78,596 $90,386
Farmington MSA (San Juan) $67,800 $77,970
Los Alamos County $135,500 $155,825
Otero County $68,204 $78,435
Lincoln, Grant and De Baca Counties $63,600 $74,200
Curry and Catron Counties $61,440 $71,680
Eddy County $72,700 $83,605
Lea County $66,584 $76,572
Union County $64,800 $75,600
Chaves and Harding Counties $62,760 $73,220
Las Cruces MSA (Dona Ana) $60,960 $71,120
All Other Areas and Counties of the State $60,400 $69,460

 

FIRSTHome and FIRSTDown Acquisition Cost/Purchase Price Limits

Residences financed can include single-family detached homes, town homes, condominiums, homes in planned unit developments, and permanently attached manufactured homes. Total home purchase price may not exceed the limit listed below, unless they are in a targeted area.

Area Purchase Price Limits
Santa Fe County $331,205
Los Alamos County $369,501
All Other Areas and Counties of the State $283,349

 

NEXTHome Income Limit

   Qualifying Income Limit
All Areas of the State   $91,000

 

NEXTHome Purchase Price Limit

    Purchase Price Limit   
All Areas of the State $340,000

 

HOMENow Income Limits

Persons In Family 1 2 3 4 5 6 7 8
Bernalillo, Sandoval, Torrance, Valencia $36,400 $41,600 $46,800 $52,000 $56,200 $60,350 $64,500 $68,650
Curry $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700
De Baca $31,650 $36,200 $40,700 $45,200 $48,850 $52,450 $56,050 $59,700
Eddy $38,400 $43,850 $49,350 $54,800 $59,200 $63,600 $68,000 $72,350
Lea $37,450 $42,800 $48,150 $53,500 $57,800 $62,100 $66,350 $70,650
Los Alamos $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950
San Juan $33,700 $38,500 $43,300 $48,100 $51,950 $55,800 $59,650 $63,500
Santa Fe $38,850 $44,400 $49,950 $55,450 $59,900 $64,350 $68,800 $73,200
All Others $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700

* In cases where the household exceeds eight persons, please contact MFA, for income figure

 

HOMENow Purchase Price Limits

County Existing Home New Home
Bernalillo $192,850 $254,144
Catron $154,000 $228,000
Chaves $147,000 $228,000
Cibola $147,000 $228,000
Colfax $202,000 $228,000
Curry $147,000 $228,000
De Baca $147,000 $228,000
Doña Ana $156,750 $228,000
Eddy $162,000 $228,000
Grant $157,000 $228,000
Guadalupe $147,000 $228,000
Harding $147,000 $228,000
Hidalgo $147,000 $228,000
Lea $165,000 $228,000
Lincoln $185,000 $228,000
Los Alamos $272,650 $329,446
Luna $147,000 $228,000
McKinley $151,000 $228,000
Mora $182,000 $228,000
Otero $147,000 $228,000
Quay $147,000 $228,000
Rio Arriba $153,000 $228,000
Roosevelt $147,000 $228,000
San Juan $176,000 $228,000
San Miguel $199,500 $228,000
Sandoval $185,250 $278,350
Santa Fe $322,525 $379,905
Sierra $147,000 $228,000
Socorro $147,000 $228,000
Taos $308,750 $261,000
Torrance $166,000 $228,000
Union $147,000 $228,000
Valencia $166,000 $228,000

* As of July 24, 2018

 

FIRSTHome Targeted Area Income Limits

Counties 1-2 Person Household 3 or More
Person Household
Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $78,000 $91,980
Santa Fe MSA $87,840 $102,480
All Other Counties of the State $72,480 $84,560

 

FIRSTHome Targeted Area Acquisition Cost/Purchase Price Limits

Area Purchase Price Limits
Santa Fe County $404,807
All Areas of the State $346,315
Fact Sheets

MFA Non-Fillable Fact Sheets

link to more info >

MFA Fillable Fact Sheets

link to more info >
Mortgage Calculator

Use a mortgage calculator to find out what price home you can afford using a FHA or Conventional loan and how much your payments will be. 

link to more info >
Current Rates

Current interest rates

link to more info >

Sign up to receive text notifications when mortgage rates change

link to more info >