Homebuyer Equity Leverage Partnership (HELP)
Forgivable loan · Forgiven over 5 yrs · Income limits · First-time
Down payment assistance · New Mexico
Buying a home in New Mexico
23 programs: 9 statewide, the rest run by counties and 3 cities. What you can use depends on where the home is.23 programs across New Mexico: 9 statewide, the rest run by counties and 3 cities. What you can use depends on where the home is.
Free · No SSN · No credit pull
Start with your county
Local help, prices and income limits differ county to county
- Santa Fe4 local programs · $446,300 · AMI $118,600
- Bernalillo3 local programs · $292,900 · AMI $100,400
- Doña Ana1 local program · $220,800 · AMI $79,900
- Los Alamos1 local program · $495,800 · AMI $182,500
- All 33 counties
Home values: Census ACS 2024 5-year. Income: HUD FY2026. Programs: Hey Prescott, verified July 2026.
Anywhere in New Mexico
9 statewide programs
FirstDown Plus (MFA)
Deferred second loan · Income limits · First-time
FirstDown
Deferred second loan · New construction · Income limits · First-time · Veterans
Plus 62 nationwide programs. See them See nationwide programs
Free help from a person
7 HUD-approved counseling agencies in New Mexico7 HUD-approved housing counseling agencies in New Mexico
7 of the 9 statewide programs ask for a homebuyer class first. Create a free account to see who’s near you.7 of the 9 statewide programs ask for a homebuyer class first. Create a free account, take the 90-second match, and we’ll show the counselors near you.
Find my counselor
Free account → 90-second match → your counselors
Income limitsIncome limits and price caps in New MexicoArea median income for all 33 counties, and the limit each program sets.See the limits
New Mexico questions
What is Homebuyer Equity Leverage Partnership (HELP)?
Homebuyer Equity Leverage Partnership (HELP), a forgivable loan for first-time homebuyers (forgiven over 5 yrs, income limits), open anywhere in New Mexico and run by Federal Home Loan Bank of Dallas (through participating member institutions). Its page has the details and a link to the official site.
Which New Mexico counties run their own programs?
9 counties of 33 have a county or city program listed, among them Santa Fe, Bernalillo, Doña Ana and Los Alamos. The table above lists them, and each county page has its own programs.
Do I need a homebuyer class in New Mexico?
Many programs ask for one. 7 of the 9 statewide programs list a homebuyer education requirement. HUD-approved housing counseling agencies teach them, often for free.
Can I use assistance on a New Mexico condo?
3 of the 9 statewide programs list condos as eligible. Each program’s page lists the kinds of homes it accepts.
3 New Mexico cities with their own program