Mortgage Programs
Housing New Mexico's mortgage programs provide homebuyers with down payment and closing cost assistance as well as competitive interest-rate mortgage loans. Participating lenders can help determine which Housing New Mexico mortgage program best meets the borrower's needs and confirm program eligibility.
A minimum credit score of 620 is required. Homebuyers must also complete pre-purchase homebuyer counseling through an approved provider.
Lenders and REALTORS® can use the Housing New Mexico's income limits and purchase price limits page to determine whether a borrower and property meet applicable program requirements.
Below, you’ll find both fillable and non-fillable fact sheets to help you share Housing New Mexico program information with homebuyers.
Non-fillable fact sheets are ideal for sharing general program information, while fillable fact sheets allow you to add your contact information and company logo for a more personalized resource to share with your clients.
Personalizing Housing New Mexico Program Fact Sheets
To personalize a fillable fact sheet, click the appropriate link below and download the file. You can then enter your contact information and upload your company logo in the designated fields at the bottom of the fact sheet.
Helpful Tips:
- If you have multiple phone numbers, you may need to enter more than one number on each line.
- When uploading a photo or company logo, select JPG, TIFF, PNG, or All Files in the file type menu in the lower-right corner of the browsing window. Do not select Acrobat PDF files.
- If you have Adobe Reader rather than Adobe Acrobat, you may only be able to upload a PDF file. For assistance, please contact your Homeownership Representative or Susana Ramirez at sramirez@housingnm.org.
- iPhones may not display fillable fields in PDF documents. As a result, your contact information may not appear when a personalized fact sheet is viewed on an iPhone after being emailed.
- To ensure your information is visible on an iPhone, you can save your personalized fact sheet as a JPG or TIFF file. Keep in mind that these formats may not print as clearly as a PDF.
- For best print quality, print your personalized fact sheet in color.
Contact Information Page
Housing New Mexico also offers a fillable Contact Information Page in both English and Spanish. This page can be added to the end of any fact sheet and provides space for up to four additional contacts.
FirstHome and FirstDown
FirstHome is a mortgage loan program for first-time New Mexico homebuyers with low to moderate incomes. It may be used as a stand-alone first mortgage or combined with Housing New Mexico's FirstDown down payment assistance second mortgage.
FirstDown is a fixed-rate second mortgage loan program that provides down payment and closing cost assistance for first-time homebuyers. FirstDown must be combined with the FirstHome program.
English (Non-Fillable)
English (Fillable)
Spanish (Non-Fillable)
Spanish (Fillable)
FirstDown Plus
A third mortgage down payment assistance loan designed to provide additional down payment to first-time homebuyers qualified to use Housing New Mexico’s FirstHome program. Previous homeowners who have not owned and occupied a home as their primary residence in the past three years may also be eligible for the program. Must always be used in conjunction with Housing New Mexico’s FirstHome (first mortgage) and FirstDown (second mortgage) programs.
English (Non-Fillable)
English (Fillable)
Spanish (Non-Fillable)
Spanish (Fillable)
HomeNow
A down payment and closing cost second mortgage loan that is available to available to first-time homebuyers who have lower household incomes. The loan has a 0% interest rate and may be forgiven after 10 years if certain conditions are met.
English (Non-Fillable)
English (Fillable)
Spanish (Non-Fillable)
Spanish (Fillable)
HomeForward and HomeForward DPA
A mortgage loan for individuals or families who have owned a home in the past three years or who do not qualify for Housing New Mexico’s FirstHome loan program. It may be used with Housing New Mexico’s down payment assistance program, (DPA name) or as a stand-alone first mortgage.
English (Non-Fillable)
- HomeForward First Mortgage Fact Sheet (ENGLISH)
- HomeForward DPA Second Mortgage Fact Sheet (ENGLISH)
English (Fillable)
- HomeForward First Mortgage Fact Sheet (FILLABLE) (ENGLISH)
- HomeForward DPA Second Mortgage Fact Sheet (FILLABLE) (ENGLISH)
Spanish (Non-Fillable)
- HomeForward First Mortgage Fact Sheet (SPANISH)
- HomeForward DPA Second Mortgage Fact Sheet (SPANISH)
Spanish (Fillable)
- HomeForward First Mortgage Fact Sheet (FILLABLE) (SPANISH)
- HomeForward DPA Second Mortgage Fact Sheet (FILLABLE) (SPANISH)
NewHome Rate Advantage
A permanent mortgage interest rate reduction for the purchase of newly constructed homes under the HomeForward program.
English (Non-Fillable)
English (Fillable)
Spanish (Non-Fillable)
Spanish (Fillable)
Manufactured Home Financing
Housing New Mexico wholeheartedly encourages and supports the use of our homeownership programs in the financing of manufactured homes for qualified borrowers. Our programs must be used in conjunction with standard loan types, such as FHA, VA, USDA-RD, and specific conventional loan programs.
English (Non-Fillable)
English (Fillable)
Spanish (Non-Fillable)
Spanish (Fillable)
For more information about any of Housing New Mexico's homebuyer programs, please contact a homeownership representative at 505-843-6881 or send an email through the "contact us" button.
