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Los Alamos County Homebuyer Assistance Program (HAP)

Incorporated County of Los Alamos (administered by The Housing Trust) · Los Alamos, New Mexico

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Assistance

$25,000

The maximum the program publishes — not an offer

Repayment

Deferred

No payments until the home is sold or refinanced

What is Los Alamos County Homebuyer Assistance Program (HAP)?

Los Alamos County Homebuyer Assistance Program (HAP) is a deferred second loan for homebuyers in Los Alamos, New Mexico, administered by Incorporated County of Los Alamos (administered by The Housing Trust).

  • The Los Alamos County Homebuyer Assistance Program (HAP) helps income-qualified households buy a home in Los Alamos County by providing down payment assistance as a county-funded subsidy/deferred loan. The loan requires no monthly payments and is repaid only when the home is sold, vacated, or title is transferred. Assistance is a maximum of $25,000 (reported as up to 10% of purchase price) at a zero to two percent rate. The County partners with The Housing Trust, which also provides homebuyer education and HUD-certified counseling.
  • Up to $25,000 in down payment assistance.
  • No monthly payments (deferred).
  • Low 0-2% rate.
  • HUD-certified counseling and homebuyer education.
  • County-funded.
  • Funding comes from Los Alamos County funds (county-funded subsidy loan).

How much assistance does it provide?

Los Alamos County Homebuyer Assistance Program (HAP) offers up to $25,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Incorporated County of Los Alamos (administered by The Housing Trust) determines any individual award.

Do you have to pay it back?

Los Alamos County Homebuyer Assistance Program (HAP) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Repaid only when the home is sold, vacated, or title is otherwise transferred.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Los Alamos County Homebuyer Assistance Program (HAP) is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course, through The Housing Trust (HUD-certified counseling); includes a two-hour in-person training session in Los Alamos
  • Residency: Must purchase a home located within Los Alamos County
  • Must purchase within Los Alamos County; credit score over 620; DTI of 45%; minimum buyer contribution of $1,500; complete homebuyer education including a two-hour in-person session. GAP: numeric income limit (%AMI), max purchase price, lien position, and first-time-buyer requirement not confirmed on the official page and are omitted.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where does it apply?

Los Alamos County Homebuyer Assistance Program (HAP) serves buyers purchasing in Los Alamos, New Mexico.

How do you apply?

Applications for Los Alamos County Homebuyer Assistance Program (HAP) go through Incorporated County of Los Alamos (administered by The Housing Trust), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through The Housing Trust (HUD-certified counseling); includes a two-hour in-person training session in Los Alamos.

  2. Contact Incorporated County of Los Alamos (administered by The Housing Trust) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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