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) |
$69,499 |
$79,924 |
| Farmington MSA (San Juan) |
$70,759 |
$81,373 |
| Santa Fe MSA |
$80,398 |
$92,458 |
| Catron County |
$66,240 |
$77,280 |
| Chaves County |
$68,400 |
$79,800 |
| Eddy County |
$70,700 |
$81,305 |
| Lea County |
$70,459 |
$81,028 |
| Lincoln County |
$70,800 |
$82,247 |
| Los Alamos County |
$125,600 |
$144,440 |
| Otero County |
$68,640 |
$80,080 |
| Union County |
$69,840 |
$81,480 |
| All Other Areas and Counties of the State |
$65,880 |
$76,860 |
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 |
$338,015 |
| Los Alamos County |
$382,947 |
| All Other Areas and Counties of the State |
$294,601 |
FIRSTHome Targeted Area Income Limits
| Counties |
1-2 Person Household |
3 or More
Person Household |
| Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) |
$82,920 |
$96,740 |
| Santa Fe MSA |
$91,200 |
$106,400 |
| All Other Counties of the State |
$74,280 |
$86,660 |
FIRSTHome Targeted Area Acquisition Cost/Purchase Price Limits
| Area |
Purchase Price Limits |
| Santa Fe County |
$413,129 |
| All Areas of the State |
$360,067 |
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 April 20, 2020
