Greater Albuquerque Habitat for Humanity Homeownership Program

Greater Albuquerque Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Albuquerque, New Mexico, administered by Greater Albuquerque Habitat for Humanity (GAHH). Greater Albuquerque Habitat for Humanity builds affordable, energy-efficient entry-level homes for income-qualified first-time homebuyers in Bernalillo and South Sandoval counties and sells them with an interest-free (0%) mortgage and a low down payment. Selected families contribute 350 hours of sweat equity and complete homebuyer education. Income must be between 50% and 80% of Bernalillo County AMI. 0% interest mortgage. Low down payment (approx. $2,500 in savings). Newly built, energy-efficient home. Homebuyer education and guidance. Support throughout the homebuying process. Builds equity and long-term financial stability. Funding comes from Greater Albuquerque Habitat for Humanity (donations, ReStore proceeds, grants); homes built with volunteer labor.

Greater Albuquerque Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Greater Albuquerque Habitat for Humanity (GAHH). Repayment is triggered by Monthly mortgage payments over the life of the loan; an affordability/resale subordinate lien (silent second representing the subsidy) may be recaptured if the home is sold during the affordability period. Specific recapture terms not published on the primary source. The assistance is recorded in First (affordable mortgage held by GAHH); subsidy may be a subordinate silent lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Greater Albuquerque Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: No published minimum credit score, but an acceptable credit history is required; all collections and judgments must be paid in full. A homebuyer education course is required, through Greater Albuquerque Habitat for Humanity homebuyer education classes (count toward sweat-equity hours). Residency requirement: Must have lived or worked in Bernalillo and/or South Sandoval County for the past 12 months; must be willing to live in the neighborhood where Habitat is currently building. Citizenship or immigration status: All household members must be U.S. citizens or permanent residents. Application cycle was PAUSED as of June 2026 (interest list open; GAHH states preparations are underway to reopen soon) - it is a recurring standing program, not discontinued. Requires 350 hours of sweat equity (building your home and others' homes plus homebuyer education). Every household member over 18 must consent to a background and sex-offender check; all applicants and co-applicants must consent to a credit check. Deferred student loans counted at 0.5% of balance per month. Exact dollar income limits and any resale/recapture lien terms were not published on the primary public pages.

Greater Albuquerque Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Gross annual household income must be between 50% and 80% of the Area Median Income (AMI) for Bernalillo County; updated annually based on HUD figures and household size. Exact dollar limits are published on GAHH's Income Criteria page (year-dependent). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Greater Albuquerque Habitat for Humanity Homeownership Program can be used for Single-family detached (newly built Habitat home). New construction is eligible. Manufactured homes are not eligible.

Greater Albuquerque Habitat for Humanity Homeownership Program serves homebuyers purchasing in Albuquerque, New Mexico.

Applications for Greater Albuquerque Habitat for Humanity Homeownership Program go through Greater Albuquerque Habitat for Humanity (GAHH), which publishes the current terms and the application steps on its own site. Funds are reserved through Inquiry list; applicants notified by email when the application cycle opens, then request an application packet by mail. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.