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
