$500 Down Payment Program

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New Mexico residents have access to a $500 Down Payment Program for first time home buyers.  A first-time home buyer is deemed a person who has not owned a home or was the occupant of a home as a primary residence in the past 3 years.

House keys in buyer's hand

Program Benefits

  • Assists with Down Payment
  • Only $500 Out of Pocket For Loan
  • Perfect Credit Not Required
  • Can Help with Closing Costs
  • Eligible with FHA, VA, USDA and HFA Preferred Conventional Mortgage Loans