hey prescott.
See what you qualify for

Tres Rios Habitat for Humanity Homeownership Program

Tres Rios Habitat for Humanity · Farmington, New Mexico

Last verified
See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

What is Tres Rios Habitat for Humanity Homeownership Program?

Tres Rios Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Farmington, New Mexico, administered by Tres Rios Habitat for Humanity.

  • Tres Rios Habitat for Humanity partners with qualifying low-income families in San Juan County to build safe, energy-efficient homes that the family then purchases through an affordable, no-profit, zero-interest mortgage held by the affiliate. Homebuyers complete 200 hours of sweat equity per adult, attend homeowner education classes, and make a $500 down payment. The model substitutes sweat equity and a 0% mortgage for conventional down payment and financing, making homeownership attainable for households at or below 80% of area median income.
  • Zero-interest (0%) no-profit mortgage.
  • Low $500 down payment.
  • Sweat-equity substitutes for cash down payment.
  • Homebuyer education and budgeting classes.
  • Newly built energy-efficient home.
  • Accessibility-designed homes available.
  • Funding comes from Habitat for Humanity affiliate donations, ReStore proceeds, grants, and homeowner mortgage payments.

Do you have to pay it back?

Tres Rios Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Tres Rios Habitat for Humanity.

  • Repayment is triggered by Monthly mortgage payments per the affordable, no-interest Habitat mortgage; sale/transfer typically triggers affiliate right of first refusal or recapture per Habitat mortgage documents (specific resale terms not published online).
  • The assistance is recorded in First position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Tres Rios Habitat for Humanity Homeownership Program 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
  • On credit: No published minimum credit score; affiliate performs a credit check and reviews credit references as part of the selection process.
  • A completed homebuyer education course, through Tres Rios Habitat for Humanity (budgeting, home repair, maintenance programs; homeowner meetings)
  • Residency: Must have lived in San Juan County for at least one year.
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Applicant must demonstrate inadequate current housing; must have lived in San Juan County for one year; income at or below 80% AMI ($52,100 for a family of four); $500 down payment; 200 sweat-equity hours per adult over six months; participation in budgeting/home-maintenance programs; credit check and income/employment verification. UNCONFIRMED on official site and left null: exact dollar assistance amount/subsidy per home, mortgage term length, AMI limits for household sizes other than four, resale/recapture provisions, and minimum credit score.

The program excludes

  • Manufactured homes
  • Households above 80% of area median income

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

What are the income limits?

Tres Rios Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • Total family income must not exceed 80% of San Juan County area median income; stated as not exceeding $52,100 for a family of four per the affiliate (2025-2026). Limits for other household sizes scale with HUD AMI but are not individually published.
  • 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.

What kind of home can it be used for?

Tres Rios Habitat for Humanity Homeownership Program caps the purchase price as follows: Not applicable; home is built and sold by the affiliate at no profit.

  • Eligible property types include Single Family.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Tres Rios Habitat for Humanity Homeownership Program serves buyers purchasing in Farmington, New Mexico.

How do you apply?

Applications for Tres Rios Habitat for Humanity Homeownership Program go through Tres Rios Habitat for Humanity, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Tres Rios Habitat for Humanity (budgeting, home repair, maintenance programs; homeowner meetings).

  2. Contact Tres Rios Habitat for Humanity to reserve funds

    Funds are reserved through Initial application / family selection cycle; selection by affiliate Family Selection Committee, 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.

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs