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Income, Purchase Price and Targeted Area Limits

First Home Income Limits (By Family Size)

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

 

First Home 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

 

Next Home Income Limit

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

 

Next Home Purchase Price Limit

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

 

 

Income Limits for Targeted Areas (By Family Size)

Targeted Area Limits apply only to the First Home Program.

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

 

Purchase Price Limit for Targeted Areas 

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