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Income, Purchase Price and Targeted Area Limits

FIRSTHome and FIRSTDown Income Limits 

Current gross annual household income may not exceed limits listed below unless the homebuyer is planning to purchase a home in a targeted area.

Counties / By Family Size 1 to 2 
Person Household
3 or More 
Person Household
Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $69,949 $80,442
Farmington MSA (San Juan) $71,509 $82,236
Santa Fe MSA $82,346 $94,698
De Baca County $69,120 $80,640
Eddy County $72,900 $83,835
Grant County $66,120 $77,140
Lea County $71,129 $81,799
Lincoln County $71,509 $82,236
Los Alamos County $127,800 $146,970
Union County $66,360 $77,420
All Other Areas and Counties of the State $65,520 $76,440

 

FIRSTHome and FIRSTDown Acquisition Cost/Purchase Price Limits

Residences financed can include single-family detached homes, town homes, condominiums, homes in planned unit developments, and permanently attached manufactured homes. Total home purchase price may not exceed the limit listed below, unless they are in a targeted area.

Area Purchase Price Limits
Santa Fe County $362,439
Los Alamos County $433,920
Catron County $351,365
All Other Areas and Counties of the State $311,980

 

FIRSTHome Targeted Area Income Limits

Counties 1-2 Person Household 3 or More
Person Household
Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $81,000 $94,500
Santa Fe MSA $87,600 $102,200
All Other Counties of the State $73,680 $85,960

 

FIRSTHome Targeted Area Acquisition Cost/Purchase Price Limits

Area Purchase Price Limits
Santa Fe County $442,981
All Areas of the State $381,308

 

NEXTHome Income Limit

   Qualifying Income Limit
All Areas of the State   $95,000

 

NEXTHome Purchase Price Limit

    Purchase Price Limit   
All Areas of the State $346,600

 

HOMENow Income Limits

Persons In Family 1 2 3 4 5 6 7 8
Albuquerque MSA (Bernalillo, Sandoval, Torrance, Valencia) $37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300
De Baca $32,250 $36,850 $41,450 $46,050 $49,750 $53,450 $57,150 $60,800
Eddy $40,850 $46,650 $52,500 $58,300 $63,000 $67,650 $72,300 $77,000
Farmington MSA (San Juan County) $33,500 $38,250 $43,050 $47,800 $51,650 $55,450 $59,300 $63,100
Grant County $30,900 $35,300 $39,700 $44,100 $47,650 $51,200 $54,700 $58,250
Lea County $34,550 $39,450 $44,400 $49,300 $53,250 $57,200 $61,150 $65,100
Lincoln County $33,450 $38,200 $43,000 $47,750 $51,600 $55,400 $59,250 $63,050
Los Alamos County $55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500
Roosevelt County $31,050 $35,450 $39,900 $44,300 $47,850 $51,400 $54,950 $58,500
Santa Fe MSA (Santa Fe County) $40,900 $46,750 $52,600 $58,400 $63,100 $67,750 $72,450 $77,100
Union County $31,000 $35,400 $39,850 $44,250 $47,800 $51,350 $54,900 $58,450
All Other Counties $30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700

* In cases where the household exceeds eight persons, please contact MFA, for income figure

 

HOMENow Purchase Price Limits

County Existing Home New Home
Bernalillo $200,000 $243,000
Catron $170,000 $243,000
Chaves $170,000 $243,000
Cibola $170,000 $243,000
Colfax $223,000 $243,000
Curry $170,000 $243,000
De Baca $170,000 $243,000
Doña Ana $176,000 $243,000
Eddy $221,000 $250,000
Grant $170,000 $243,000
Guadalupe $170,000 $243,000
Harding $170,000 $243,000
Hidalgo $170,000 $243,000
Lea $187,000 $243,000
Lincoln $214,000 $243,000
Los Alamos $323,000 $323,000
Luna $170,000 $243,000
McKinley $170,000 $243,000
Mora $170,000 $243,000
Otero $170,000 $243,000
Quay $170,000 $243,000
Rio Arriba $170,000 $243,000
Roosevelt $170,000 $243,000
San Juan $181,000 $243,000
San Miguel $170,000 $243,000
Sandoval $200,000 $243,000
Santa Fe $295,000 $295,000
Sierra $170,000 $243,000
Socorro $170,000 $243,000
Taos $271,000 $271,000
Torrance $196,000 $243,000
Union $170,000 $243,000
Valencia $196,000 $243,000

* As of June 1, 2021

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