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) | $98,254 | $112,992 |
| Farmington MSA (San Juan) | $90,720 | $105,840 |
| Santa Fe MSA (Santa Fe) | $100,507 | $115,583 |
| Cibola | $83,160 | $97,020 |
| Colfax | $84,360 | $98,420 |
| Curry | $88,200 | $102,900 |
| De Baca County | $98,280 | $114,660 |
| Dona Ana | $84,840 | $98,980 |
| Eddy County | $103,600 | $119,140 |
| Grant County | $88,560 | $103,320 |
| Harding | $93,000 | $108,500 |
| Hidalgo | $85,080 | $99,260 |
| Lea County | $95,880 | $111,860 |
| Lincoln | $90,480 | $105,560 |
| Los Alamos County | $166,700 | $191,705 |
| Otero County | $82,560 | $96,320 |
| Rio Arriba | $89,880 | $104,860 |
| Roosevelt County | $86,520 | $100,940 |
| Taos County | $93,000 | $108,500 |
| All Other Areas and Counties of the State | $82,560 | $96,320 |
* Effective as of 7/1/2025
FirstHome/FirstDown and FirstDown Plus Purchase Price Limits
Residences financed can include single-family detached homes, townhomes, condominiums, homes in planned unit developments, and permanently attached, multi-wide manufactured homes that are assessed 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 |
|---|---|
| Los Alamos County | $718,722 |
| Santa Fe County | $562,322 |
| All Other Areas and Counties of the State | $544,232 |
* Effective as of 7/1/2025
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 | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 | $90,650 | $96,500 |
| Catron | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Chavez | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Cibola | $38,850 | $44,400 | $49,950 | $55,450 | $59,900 | $64,350 | $68,800 | $73,200 |
| Colfax | $39,400 | $45,000 | $50,650 | $56,250 | $60,750 | $65,250 | $69,750 | $74,250 |
| Curry | $41,200 | $47,050 | $52,950 | $58,800 | $63,550 | $68,250 | $72,950 | $77,650 |
| De Baca | $45,850 | $52,400 | $58,950 | $65,450 | $70,700 | $75,950 | $81,200 | $86,400 |
| Dona Ana | $39,600 | $45,250 | $50,900 | $56,550 | $61,100 | $65,600 | $70,150 | $74,650 |
| Eddy | $58,050 | $66,350 | $74,650 | $82,900 | $89,550 | $96,200 | $102,800 | $109,450 |
| Grant | $43,850 | $50,100 | $56,350 | $62,600 | $67,650 | $72,650 | $77,650 | $82,650 |
| Guadalupe | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Harding | $43,400 | $49,600 | $55,800 | $62,000 | $67,000 | $71,950 | $76,900 | $81,850 |
| Hidalgo | $39,700 | $45,400 | $51,050 | $56,700 | $61,250 | $65,800 | $70,350 | $74,850 |
| Lea | $44,750 | $51,150 | $57,550 | $63,900 | $69,050 | $74,150 | $79,250 | $84,350 |
| Lincoln | $42,250 | $48,250 | $54,300 | $60,300 | $65,150 | $69,950 | $74,800 | $79,600 |
| Los Alamos | $72,950 | $83,400 | $93,800 | $104,200 | $112,550 | $120,900 | $129,250 | $137,550 |
| Luna | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| McKinley | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Mora | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Otero | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Quay | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Rio Arriba | $41,950 | $47,950 | $53,950 | $59,900 | $64,700 | $69,500 | $74,300 | $79,100 |
| Roosevelt | $40,400 | $46,200 | $51,950 | $57,700 | $62,350 | $66,950 | $71,550 | $76,200 |
| San Juan | $42,350 | $48,400 | $54,450 | $60,500 | $65,350 | $70,200 | $75,050 | $79,900 |
| San Miguel | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Sandoval | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 | $90,650 | $96,500 |
| Santa Fe | $55,750 | $63,700 | $71,650 | $79,600 | $86,000 | $92,350 | $98,750 | $105,100 |
| Sierra | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Socorro | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Taos | $43,400 | $49,600 | $55,800 | $62,000 | $67,000 | $71,950 | $76,900 | $81,850 |
| Torrance | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 | $90,650 | $96,500 |
| Union | $38,550 | $44,050 | $49,550 | $55,050 | $59,500 | $63,900 | $68,300 | $72,700 |
| Valencia | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 | $90,650 | $96,500 |
* HomeNow Replacement Loan Program funding may not be available in all areas, due to the specific geographic and economic requirements imposed by the U.S. Department of the Treasury for the Capital Magnet Fund (CMF). For more information, refer to Lender Memo 2025-03
* Current Income Limits effective as of 7/1/2025 and remain in effect until further notice
* In cases where the houseold exceeds eight persons, please contact Housing New Mexico for income limit.
HomeNow Purchase Price Limits
| County | Existing Home | New Home |
|---|---|---|
| Bernalillo | $277,000 | $330,000 |
| Catron | $214,000 | $294,000 |
| Chaves | $214,000 | $294,000 |
| Cibola | $214,000 | $294,000 |
| Colfax | $237,000 | $294,000 |
| Curry | $214,000 | $294,000 |
| De Baca | $214,000 | $294,000 |
| Doña Ana | $266,000 | $294,000 |
| Eddy | $233,000 | $314,000 |
| Grant | $214,000 | $294,000 |
| Guadalupe | $214,000 | $294,000 |
| Harding | $214,000 | $294,000 |
| Hidalgo | $214,000 | $294,000 |
| Lea | $214,000 | $294,000 |
| Lincoln | $294,000 | $294,000 |
| Los Alamos | $451,000 | $451,000 |
| Luna | $214,000 | $294,000 |
| McKinley | $214,000 | $294,000 |
| Mora | $214,000 | $294,000 |
| Otero | $214,000 | $294,000 |
| Quay | $214,000 | $294,000 |
| Rio Arriba | $233,000 | $294,000 |
| Roosevelt | $214,000 | $294,000 |
| San Juan | $224,000 | $294,000 |
| San Miguel | $214,000 | $294,000 |
| Sandoval | $314,000 | $356,000 |
| Santa Fe | $390,000 | $390,000 |
| Sierra | $214,000 | $294,000 |
| Socorro | $214,000 | $294,000 |
| Taos | $379,000 | $379,000 |
| Torrance | $277,000 | $330,000 |
| Union | $214,000 | $294,000 |
| Valencia | $277,000 | $330,000 |
* HomeNow Replacement Loan Program funding may not be available in all areas, due to the specific geographic and economic requirements imposed by the U.S. Department of the Treasury for the Capital Magnet Fund (CMF). For more information, refer to Lender Memo 2025-03
* Current Purchase Price Limits effective as of 9/1/2024 and remain in effect until further notice
HomeForward Income and Purchase Price Limits
| County | Purchase Price Limit | Income Limit |
|---|---|---|
| Bernalillo | $604,703 | $137,100 |
| Catron | $604,703 | $121,800 |
| Chaves | $604,703 | $121,800 |
| Cibola | $604,703 | $121,800 |
| Colfax | $604,703 | $121,800 |
| Curry | $604,703 | $121,800 |
| De Baca | $604,703 | $121,800 |
| Dona Ana | $604,703 | $121,800 |
| Eddy | $604,703 | $157,950 |
| Grant | $604,703 | $121,800 |
| Guadalupe | $604,703 | $121,800 |
| Harding | $604,703 | $132,000 |
| Hidalgo | $604,703 | $121,800 |
| Lea | $604,703 | $121,800 |
| Lincoln | $604,703 | $191,468 |
| Los Alamos | $798,581 | $268,500 |
| Luna | $604,703 | $121,800 |
| McKinley | $604,703 | $121,800 |
| Mora | $604,703 | $121,800 |
| Otero | $604,703 | $121,800 |
| Quay | $604,703 | $121,800 |
| Rio Arriba | $604,703 | $121,800 |
| Roosevelt | $604,703 | $121,800 |
| San Juan | $604,703 | $121,800 |
| San Miguel | $604,703 | $121,800 |
| Sandoval | $604,703 | $137,100 |
| Santa Fe | $624,803 | $197,540 |
| Sierra | $604,703 | $121,800 |
| Socorro | $604,703 | $121,800 |
| Taos | $604,703 | $191,468 |
| Torrance | $604,703 | $137,100 |
| Union | $604,703 | $121,800 |
| Valencia | $604,703 | $137,100 |
* Effective as of 7/1/2025
