Deferred second loan
Valencia County Down Payment Assistance Program
New construction · Income limits · Single Family
Down payment assistance · Valencia County
Buying a home in Los Lunas, NM
1 Los Lunas program and 9 statewide.Los Lunas has 1 program of its own, and 9 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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Only for Los Lunas addresses
Los Lunas’s own program
The Los Lunas marketThe Los Lunas housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Los Lunas
- 73.6% single-familysingle-family
- 4.2% townhousetownhouse
- 4.6% 2–4 units2–4 units
- 6.2% 5+ unitscondo & apartment buildings (5+ units)
- 11.4% mobile & othermobile home & other
About condos. Los Lunas’s one local program does not list condos as eligible. Valencia County Down Payment Assistance Program lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Los Lunas’s homes were built
pre-19401970s2020+
18.7%
of Los Lunas 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, Valencia County, 4-person household (2026)
$62,330
Los Lunas median household incomeMedian household income in Los Lunas (Census, 2024)
12 of the 72 programs here set their income limit as a share of Valencia County’s area median income, adjusted for household size. See the published limits for Valencia County
Free help nearbyFree help near Los Lunas
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes 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
71 statewide & federal programs9 statewide programs, plus federal options
Los Lunas questions
Does Los Lunas have its own down payment program?
Yes, one: Valencia County Down Payment Assistance Program, a deferred second loan (new construction, income limits). It is for homes inside Los Lunas.
Can I use assistance on a condo in Los Lunas?
Los Lunas’s one local program does not list condos as eligible. Valencia County Down Payment Assistance Program 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 Valencia County?
Each program sets its own. 12 of the programs here set theirs as a share of HUD’s area median income for Valencia 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 Los Lunas?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Los Lunas. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
87031
Nearby in Valencia
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.