Greater Albuquerque Habitat for Humanity Homeownership Program
First mortgage · New construction · Income limits
Down payment assistance · Bernalillo County
Buying a home in South Valley, NM
1 county program and 9 statewide.South Valley has no program of its own, 1 across Bernalillo County, 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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What’s local to South Valley
No program of South Valley’s own yet
No program run for South Valley alone is listed. A home in South Valley can use Bernalillo County’s programs below, plus the New Mexico statewide and federal ones.
The closest city that runs its own program is Albuquerque, about 5 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in BernalilloAnywhere in Bernalillo County
1 county program1 county program a South Valley homebuyer can use
2 more programs are for homes in Albuquerque. See them 2 programs in neighboring cities — for homes inside those cities, not South Valley
- Albuquerque — City of Albuquerque Affordable Homeownership Assistance
- Albuquerque — Sawmill Community Land Trust Homebuyer Program
The South Valley marketThe South Valley housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in South Valley
- 73.8% single-familysingle-family
- 3.1% townhousetownhouse
- 4.1% 2–4 units2–4 units
- 4% 5+ unitscondo & apartment buildings (5+ units)
- 15.1% mobile & othermobile home & other
About condos. South Valley’s one local program does not list condos as eligible. Greater Albuquerque Habitat for Humanity Homeownership Program lists single-family detached (newly built habitat home).
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When South Valley’s homes were built
pre-19401970s2020+
65.9%
of South Valley 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, Bernalillo County, 4-person household (2026)
$58,224
South Valley median household incomeMedian household income in South Valley (Census, 2024)
12 of the 72 programs here set their income limit as a share of Bernalillo County’s area median income, adjusted for household size. See the published limits for Bernalillo County
Free help nearbyFree help near South Valley
4 HUD-approved counseling agencies within 15 miles4 HUD-approved housing counseling agencies within 15 miles
South Valley’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Greater Albuquerque Habitat for Humanity Homeownership Program asks for a homebuyer class. A HUD-approved counselor teaches it 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
South Valley questions
Does South Valley have its own down payment program?
No program run for South Valley alone is listed. A home in South Valley can use the 1 program that cover Bernalillo County and the 9 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in South Valley?
South Valley’s one local program does not list condos as eligible. Greater Albuquerque Habitat for Humanity Homeownership Program lists single-family detached (newly built habitat home). 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 Bernalillo County?
Each program sets its own. 12 of the programs here set theirs as a share of HUD’s area median income for Bernalillo 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 South Valley?
HUD-approved housing counseling agencies teach homebuyer classes, and 4 agencies are within 15 miles of South Valley. Create a free account and take the 90-second match to see the ones near you.
Nearby in Bernalillo
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.