How much can NM MFA First Generation Down Payment Assistance provide in Gallup, NM?

Up to $15,000 down payment assistance.

How do I apply for NM MFA First Generation Down Payment Assistance in Gallup, 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.

NM MFA First Generation Down Payment Assistance, Gallup, NM

About This Program

NM MFA First Generation Down Payment Assistance is available in Gallup, NM.

Down payment and closing cost assistance for first-generation homebuyers in New Mexico. Assistance is a 0% deferred loan due at sale, refinance, or payoff. Neither parent can have owned a home.

Deferred payment loan for down payment and closing costs

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

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

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

FEMA Hazard Mitigation Grant Program (HMGP) Varies, no individual cap; projects typically $10K-$200K+
FEMA Increased Cost of Compliance (ICC) Coverage Up to $30,000
HUD Lead Hazard Control & Healthy Homes Varies by jurisdiction, typically $5,000-$15,000 per unit
EPA / WIIN Act Lead Service Line Replacement Varies, full line replacement cost covered in many programs

Key Details

Up to $15,000 down payment assistance
For first-generation homebuyers only
0% interest deferred payment loan
Income limits apply (typically up to 120% AMI)
Due when home is sold or refinanced

How to Apply

Get free help applying Visit Official Program Page Track this program

(505) 767-2200

A grant-savvy contractor in Gallup, 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).

Download this checklist (PDF)

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 while funds available

Questions about this program?

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

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NM MFA First Generation Down Payment Assistance

About This Program

Key Details

How to Apply

Your application paperwork

Questions about this program?

Frequently asked questions

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