FIRSTDown, a second mortgage loan to be combined with a FIRSTHome mortgage, offers as much as $8,000 to help with the down payment and closing costs of a home purchase. This second mortgage will have monthly payments.

Only first-time homebuyers are eligible for FIRSTDown. In order to get a FIRSTHome mortgage or FIRSTDown payment assistance, the applicant must be working with a participating lender. Income limits apply.

Purchase price limits also apply. As of 2020, these limits are as follows:

  • Santa Fe County - $338,824
  • Los Alamos County - $350,471
  • All other areas of New Mexico - $271,165

Other programs in New Mexico:

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