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Income and Purchase Price 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) $69,949 $80,442
Farmington MSA (San Juan) $71,509 $82,236
Santa Fe MSA $82,346 $94,698
De Baca County $69,120 $80,640
Eddy County $72,900 $83,835
Lea County $71,129 $81,799
Lincoln County $71,509 $82,236
Los Alamos County $127,800 $146,970
Union County $66,360 $81,480
All Other Areas and Counties of the State $65,520 $76,440

FirstHome and FirstDown Purchase Price Limits

Residences financed can include single-family detached homes, townhomes, condominiums, homes in planned unit developments, and permanently attached, multiwide manufactured homes that are assesed as real property. Total home purchase price may not exceed the limit listed below, unless the home is in a targeted area.

Area Purchase Price
Limits
Santa Fe County $362,439
Los Alamos County $433,920
Catron County $351,365
All Other Areas and Counties of the State $311,980

NextHome Income Limit

  Qualifying Income Limit
All Areas of the State $95,000

NextHome Purchase Price Limit

  Purchase Price Limit
All Areas of the State $346,600

HomeNow Income Limits

County 1 Person Family 2 Person Family 3 Person Family 4 Person Family 5 Person Family 6 Person Family 7 Person Family 8 Person Family
Bernalillo, Sandoval, Torrance, Valencia $37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300
De Baca $32,250 $36,850 $41,450 $46,050 $49,750 $53,450 $57,150 $60,800
Eddy $40,850 $46,650 $52,500 $58,300 $63,000 $67,650 $72,300 $77,000
Farmington MSA (San Juan) $33,500 $38,250 $43,050 $47,800 $51,650 $55,450 $59,300 $63,100
Grant $30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250
Lea $34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100
Lincoln $33,450 $38,200 $43,000 $47,750 $51,600 $55,400 $59,250 $63,050
Los Alamos $55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500
Roosevelt $31,050 $35,450 $39,900 $44,300 $47,850 $51,400 $54,950 $58,500
Santa Fe $40,900 $46,750 $52,600 $58,400 $63,100 $67,750 $72,450 $77,100
Union $31,000 $35,400 $39,850 $44,250 $47,800 $51,350 $54,900 $58,450
All Others $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700

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

HomeNow Purchase Price Limits

County Existing Home New Home
Bernalillo $200,000 $243,000
Catron $170,000 $243,000
Chaves $170,000 $243,000
Cibola $170,000 $243,000
Colfax $223,000 $243,000
Curry $170,000 $243,000
De Baca $170,000 $243,000
Doña Ana $176,000 $243,000
Eddy $221,000 $250,000
Grant $170,000 $243,000
Guadalupe $170,000 $243,000
Harding $170,000 $243,000
Hidalgo $170,000 $243,000
Lea $187,000 $243,000
Lincoln $214,000 $243,000
Los Alamos $323,000 $323,000
Luna $170,000 $243,000
McKinley $170,000 $243,000
Mora $170,000 $243,000
Otero $170,000 $243,000
Quay $170,000 $243,000
Rio Arriba $170,000 $243,000
Roosevelt $170,000 $243,000
San Juan $181,000 $243,000
San Miguel $170,000 $243,000
Sandoval $200,000 $243,000
Santa Fe $295,000 $295,000
Sierra $170,000 $243,000
Socorro $170,000 $243,000
Taos $271,000 $271,000
Torrance $196,000 $243,000
Union $170,000 $243,000
Valencia $196,000 $243,000

* As of June 1, 2021