MFA FirstHome Program

New Mexico Mortgage Finance Authority

Available Down Payment

About This Program

MFA FirstHome Program is available to homeowners in Farmington, NM.

Down payment and closing cost assistance for first-time homebuyers in Farmington. Combines affordable first mortgage with forgivable second mortgage for down payment. Income and purchase price limits apply.

Second mortgage for down payment assistance, forgiven after 10 years

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Farmington, NM, you can combine this program with other local help to cut your cost:

Key Details

  • Up to $12,000 for down payment and closing costs
  • Must be first-time homebuyer
  • Income limits: $95,000 (1-2 person) / $109,000 (3+)
  • Purchase price limit: $417,000 in San Juan County
  • Second mortgage forgiven after 10 years

How to Apply

A grant-savvy contractor in Farmington, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

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: Ongoing, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can MFA FirstHome Program provide in Farmington, NM?

Up to $12,000 down payment assistance.

Who qualifies for MFA FirstHome Program in Farmington?

MFA FirstHome Program is open to homeowners in Farmington, NM.

How do I apply for MFA FirstHome Program in Farmington, NM?

Apply directly with New Mexico Mortgage Finance Authority using the official program link on this page or call (505) 767-2200. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Farmington, NM

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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