Deferred second loan
City of Albuquerque Affordable Homeownership Assistance
New construction · Income limits · Single Family · Condo · Townhouse
Down payment assistance · Bernalillo County
Buying a home in Albuquerque, NM
4 Albuquerque programs and 8 statewide.Albuquerque has 4 programs of its own, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Albuquerque’s own programs
First mortgage
Greater Albuquerque Habitat for Humanity Homeownership Program
First-time homebuyers · New construction · Income limits · Single-family detached (newly built Habitat home)
Shared-appreciation loan
Sawmill Community Land Trust Homebuyer Program
First-time homebuyers · New construction · Income limits · Single Family · Condo · Townhouse
First mortgage
USDA Single Family Housing Direct Home Loan (Section 502 Direct, New Mexico)
New construction · Income limits · Single Family
The Albuquerque marketThe Albuquerque housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Albuquerque
- 62% single-familysingle-family
- 5.8% townhousetownhouse
- 7.5% 2–4 units2–4 units
- 21.1% 5+ unitscondo & apartment buildings (5+ units)
- 3.7% mobile & othermobile home & other
Condos count. 2 of Albuquerque’s 4 local and county programs accept condos. Greater Albuquerque Habitat for Humanity Homeownership Program lists single-family detached (newly built habitat home). USDA Single Family Housing Direct Home Loan (Section 502 Direct, New Mexico) lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Albuquerque’s homes were built
pre-19401970s2020+
47%
of Albuquerque homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$100,400
County area median income, 4 people (HUD)HUD area median income, Bernalillo County, 4-person household (2026)
$68,317
Albuquerque median household incomeMedian household income in Albuquerque (Census, 2024)
13 of the 74 programs here set their income limit as a share of Bernalillo County’s area median income, adjusted for household size. See the published limits for Bernalillo County
Free help nearbyFree help near Albuquerque
5 HUD-approved counseling agencies within 15 miles5 HUD-approved housing counseling agencies within 15 miles
3 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.3 of the 4 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across New Mexico and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
Albuquerque questions
Does Albuquerque have its own down payment program?
Yes, 4: City of Albuquerque Affordable Homeownership Assistance, Greater Albuquerque Habitat for Humanity Homeownership Program, Sawmill Community Land Trust Homebuyer Program and USDA Single Family Housing Direct Home Loan (Section 502 Direct, New Mexico). Each is for homes inside Albuquerque.
Can I use assistance on a condo in Albuquerque?
2 of Albuquerque’s 4 local and county programs accept condos. Greater Albuquerque Habitat for Humanity Homeownership Program lists single-family detached (newly built habitat home). USDA Single Family Housing Direct Home Loan (Section 502 Direct, New Mexico) lists single family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Bernalillo County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Bernalillo County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Albuquerque?
HUD-approved housing counseling agencies teach homebuyer classes, and 5 agencies are within 15 miles of Albuquerque. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
87101 · 87102 · 87103 · 87104 · 87105 · 87106 · 87107 · 87108 · 87109 · 87110 · 87111 · 87112 · 87113 · 87114 · 87115 · 87116 · 87118 · 87119 · 87120 · 87121 · 87122 · 87123 · 87125 · 87131 · 87153 · 87154 · 87158 · 87176 · 87181 · 87184 · 87185 · 87187 · 87190 · 87191 · 87192 · 87193 · 87194 · 87195 · 87196 · 87197 · 87198 · 87199 · 87201
Nearby in Bernalillo
Sources
Sources: agency sites (July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.