New Mexico Homeowner Assistance Fund

MFA, in partnership with the State of New Mexico, has submitted a Homeowner Assistance Fund (HAF) Plan to provide home loan reinstatement and/or payment assistance, delinquent housing cost assistance for homeownership insurance and taxes, and utility assistance through the administration of more than $40,000,000 to support homeowners affected by the COVID-19 health crisis.

The HAF program will open upon approval of the Plan by the U.S. Department of the Treasury and information on how to apply will be available on this page.

To receive updates about this program, including notification when applications will be accepted, please submit the following information:

If you are having trouble making monthly housing payments, please contact your loan servicer or a HUD approved housing counselor for relief options.

The New Mexico Homeowner Assistance Fund Pilot Program stopped accepting applications on August 9, 2021. To speak to someone about your application call 505.308.4206 or 866.488.0498.  If you are looking for rental or utility assistance, please visit: renthelpnm.org.

If you are a servicer and are seeking to initiate the Collaboration Agreement and Common Data File by provide the below information and the HAF Program Administrator will be in touch.

American Rescue Plan Act of 2021 Homeowner Assistance Fund

The U.S. Department of the Treasury allocated $9.9 billion to states and territories through the American Rescue Plan Act of 2021.  The Homeowner Assistance Fund (HAF) was established to mitigate financial hardships associated with the coronavirus pandemic by providing funds for the purpose of preventing homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities, and displacements of homeowners experiencing financial hardship after January 21, 2020.

New Mexico was allocated $55,772,684 under HAF via the State Department of Finance and Administration. MFA, in partnership with the State of New Mexico, will administer homeowner assistance funds for home loan reinstatement, monthly payment assistance, homeowner taxes and homeowner insurance.

Program Details

The New Mexico Homeowner Assistance Fund (HAF) program will provide housing grants to income-eligible households experiencing financial hardship associated with the COVID-19 health crisis.

These grants are to fund mortgage payments, taxes, and insurance up to $20,000 per household, to maintain housing and/or to reduce housing cost delinquency.

If your household has received assistance from an MFA program in the past, you are still eligible to apply for HAF funds. Applicants still experiencing hardship that did not receive the household maximum of $20,000 on their initial request during the HAF Pilot Program (May 18, 2021 – August 16, 2021) are eligible to reapply for the difference.  Eligibility to apply for additional assistance does not guarantee approval. Requests are processed in the order received.   Requests are funded in the order received depending on the availability of funding.

MFA will disburse HAF assistance directly via check or electronic funds transfer to the homeownership loan lender/servicer, land contract holder, manufactured/mobile home lender, and/or other housing provider as appropriate.  The assistance does not need to be repaid.

View the New Mexico Homeowner Assistance Fund Plan.

Do I Qualify?

  • Households are eligible to receive assistance if they (1) attest that they experienced a financial hardship after January 21, 2020 associated with the COVID-19 pandemic, (2) provide income documentation and have incomes equal to or less than 150% of the area median income or 100% of the median income for the United States, whichever is greater, and (3) currently own and occupy a primary residence in New Mexico.
  • Annual household income includes but is not limited to wages, self-employment income, interest from interest bearing accounts, rental income, distributions from trusts, pensions, social security benefits, SSI, retirement accounts, death benefits, disability payments, unemployment benefits, severance or worker’s compensation, general assistance or TANF, child support, family support, alimony and armed forces pay.
  • The income limits chart lists the income limits for this program based on where you live and the number of people in your household. These income limits are provided and required by HUD.
  • Documentation requirements include a legally issued form of identification, documents needed to verify household income, and documentation needed to verify past due amounts, if applicable, and/or the contractual monthly payment such as a homeownership loan statement or other evidence of housing cost delinquency (e.g. insurance invoice or tax statement). Only the current month and past-due months are eligible up to the maximum award amount of $20,000 per household.
  • Your original loan balance must not exceed $417,000.

How Do I Apply?

We will begin taking applications soon. To receive updates about this program including the date that applications will be accepted, please fill out the contact form above.

Applications will be ranked based on the date and time the application was received. If enough funds are available, all eligible applications will be funded, regardless of ranking.

Contact Us

If you have additional questions, e-mail us or call 505.308.4206 or 866.488.0498.

For rental or utility assistance, visit renthelpnm.org.

If you live on tribal lands and need rental or utility assistance, contact your tribal government or tribally designated housing entity.