New Mexico Mortgage Finance Authority (MFA)
New Mexico MFA HomeNow Down Payment Assistance is available in Albuquerque, NM.
New Mexico MFA's HomeNow program provides down payment and closing cost assistance of up to $8,000 to first-time and repeat homebuyers in Albuquerque and statewide. Funds are structured as a soft second mortgage forgiven after a period of occupancy. Must use an MFA-approved participating lender and complete homebuyer education.
First-time and qualifying repeat homebuyers using MFA first mortgage
Official program page checked live on 2026-06-22.
Data last verified 2026-04-03. How we verify our data.
In Albuquerque, NM, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Albuquerque, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Rolling, contact participating lender
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to $8,000.
Apply directly with New Mexico Mortgage Finance Authority (MFA) using the official program link on this page or call 505-843-6880. There is no middleman and no fee.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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