Down payment assistance for USDA loans in New Mexico
7 down payment assistance programs in New Mexico name USDA loans among the loan types they can be paired with.
The loan type is one eligibility rule among several — income limits, purchase price caps and occupancy requirements still apply to each program below.
The programs
- HomeForward Second Mortgage LoanStatewide
- HomeNowStatewide
- USDA Single Family Housing Direct Home Loan (Section 502 Direct, New Mexico)USDA Rural Development - New Mexico State Office · Albuquerque
- Downpayment Assistance Program
- FirstDownStatewide
- FirstHome (MFA)Housing New Mexico (New Mexico Mortgage Finance Authority / MFA)
- HomeForward First Mortgage Loan (MFA)Housing New Mexico (New Mexico Mortgage Finance Authority / MFA)
Questions, answered
Can down payment assistance be used with USDA loans in New Mexico?
7 down payment assistance programs in New Mexico name USDA loans among the loan types they can be paired with. The assistance program and the first-mortgage lender underwrite separately, so a lender must also be willing to accept the assistance as a source of funds.
Does naming USDA loans mean a program is available to everyone using one?
No. The loan type is one eligibility rule among several — income limits, purchase price caps, credit requirements and occupancy rules all still apply, and each program sets its own.
Is Hey Prescott a lender?
No. Hey Prescott is an educational directory of down payment assistance programs. We list programs and link to official sources; we do not make loans or give individualized lending advice.
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How USDA loans work with down payment assistance, nationally →
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