New Mexico Homeowner Assistance Fund
The State of New Mexico in Partnership with MFA.
The New Mexico Homeowner Assistance Fund can help pay your past-due or current mortgage payments if you are experiencing a financial hardship associated with the COVID-19 health crisis.
This page contains all of the information you need to determine if you qualify for assistance and includes instructions on how to apply for the program. Applications are now being accepted.
Applications are now being accepted:
View Homeowner Assistance Fund income limits
Homeowner Assistance Fund Factsheet (English)
Program Participation Payment Acceptance Agreement
Program Application (Spanish)
Program Application (English)
Request for Continued Assistance Form
The New Mexico Homeowner Assistance Fund provides emergency housing grants to income-eligible households experiencing financial hardship associated with the COVID-19 health crisis.
These grants are to fund mortgage payments equal to the amount of the monthly cost made on behalf of income-eligible applicants up to $10,000 per household, to maintain housing and/or to reduce housing cost delinquency associated with the COVID-19 health crisis. Some mobile/ manufactured home lot rental payments may also be covered.
Applicants still experiencing hardship that did not receive the household maximum of $10,000 on their initial funding request, may be eligible to reapply for additional assistance after their initial award. Eligibility to apply for additional assistance does not guarantee approval. Requests are processed in the order received and must be received before the pilot program end date of November 5, 2021. Requests are funded in the order received depending on the availability of funding.
MFA will pay your housing payments directly to your mortgage or loan servicer, escrow company or other housing provider. The assistance does not have to be repaid.
Spanish Factsheet (coming soon)
Do I Qualify?
- Your annual gross household income must not exceed 100% of area median income limit, adjusted for family size. 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.
- You must certify that you have had financial hardship after January 21, 2020 associated with the COVID-19 health crisis.
- Your current primary residence must be in New Mexico.
- You must provide evidence of your housing costs, including the current balance due, broken down by month. Only the current month and past-due months are eligible up to the maximum award amount of $10,000 per household.
- Your original loan balance must not exceed $417,000.
How Do I Apply?
Paper applications may be mailed to or dropped off at the following location:
New Mexico Mortgage Finance Authority
Attn: New Mexico Homeowner Assistance Fund
344 Fourth St. SW
Albuquerque, NM 87102
Paper applications may also be faxed to:
New Mexico Mortgage Finance Authority
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.
If your application is denied, you have seven (7) calendar days from the date of the denial notice to submit a written request to appeal. Appeals should be submitted to the Assistant Director of Asset Management, MFA, 344 Fourth St., Albuquerque, NM 87102. The written appeal must state the reason(s) why the applicant believes the application denial was in error and must provide any additional documentation necessary to support the applicant’s assertion of same. The decision of the Assistant Director of Asset Management will be issued in writing within 14 calendar days and shall be final. Persons with disabilities have the right to request reasonable accommodations to participate in the appeal process. This program does not discriminate on the basis of disability, familial status, national origin, race, color, religion, sex, spousal affiliation, ancestry, sexual orientation or gender identity.
The New Mexico Homeowner Assistance Fund replaced the COVID-19 Homeowner Assistance Program which also served homeowner’s with housing cost assistance payments. Information about that program is available here.
For rental or utility assistance, visit rentalhelpnm.org
If you live on tribal lands and need rental or utility assistance, contact your tribal government or tribally designated housing entity.
State of New Mexico Homeowner Assistance (HAF) Draft Plan Feedback
The State of New Mexico and MFA are soliciting feedback on the State of New Mexico Homeowner Assistance (HAF) Draft Plan. MFA prepared this plan to propose programs for the U.S. Department of Treasury’s Homeowner Assistance Fund that was passed as part of American Rescue Plan Act of 2021. These programs aim to mitigate financial hardships associated with the COVID-19 health crisis, including the prevention of homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners. Please note that MFA is awaiting additional guidance from the U.S. Department of the Treasury. Therefore, aspects of the plan may change upon release of the additional guidance.
We invite you to review the draft plan, submit questions and provide comments no later than July 31, 2021. Please submit comments to Robyn Powell to firstname.lastname@example.org or through this contact form.