Down Payment Resources

Below are some resources to help home buyers obtain assistance with the initial down payment in purchasing a home.

New Mexico Mortgage Finance Agency Mortgage$aver Program

  • Loan below market rate
  • No origination fee
  • No discount fee
  • Website

New Mexico Mortgage Finance Agency Payment$aver Program

  • Provides the lesser of 8% of the sales price or $8,000 towards closing cost assistance.
  • Website

New Mexico Mortgage Finance Agency Mortgage$aver ZERO

  • First time home buyers
  • Below Market Interest Rates, similar to the “Mortgage$aver” Program but with no origination costs of discount fees!
  • Website

New Mexico Mortgage Finance Agency Mortgage$aver PLUS

  • First time home buyers
  • Grant for down payment and closing costs.
  • 3.5% of the home’s purchase price.
  • 30-year fixed market rate loan with no origination or discount fee.
  • Website

Sawmill Community Land Trust

  • Available for dwellings in the Sawmill Community Land Trust.
  • First time homebuyer or have not owned a home within the last 3 years.
  • Subsidy for down payment, closing costs and principle.
  • Up to $50,000 in down payment assistance.
  • Website