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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) $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