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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) $65,000 $74,750
Santa Fe MSA $79,197 $91,077
Farmington MSA (San Juan) $62,887 $72,320
Los Alamos County $130,300 $149,845
Otero and Union Counties $62,887 $72,320
Curry, De Baca and Lincoln Counties $62,520 $72,940
Catron, Grant and Harding Counties $61,200 $71,400
Lea and Eddy Counties $66,900 $76,935
All Other Areas and Counties of the State $59,200 $68,080

 

FIRSTHome and FIRSTDown 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 $338,824
Los Alamos County $350,471
All Other Areas and Counties of the State $271,165

 

 

 

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

 

Income Limits for Targeted Areas 

Counties 1-2 Person Household 3 or More
Person Household
Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $78,000 $91,000
Santa Fe MSA $86,400 $100,800
All Other Counties of the State $71,040 $82,880

*Targeted Area Limits apply only to the FIRSTHome Program

Purchase Price Limit for Targeted Areas 

Area Purchase Price Limits
Santa Fe County $414,118
All Areas of the State $331,423
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