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Income and Purchase Price 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) $91,565 $105,300
Farmington MSA (San Juan) $84,720 $98,840
Santa Fe MSA (Santa Fe) $100,024 $115,028
De Baca County $90,000 $105,000
Eddy County $94,900 $109,135
Grant County $86,040 $100,380
Lea County $88,560 $103,320
Los Alamos County $156,500 $179,975
Otero County $85,200 $99,400
Roosevelt County $86,400 $100,800
Taos County $85,200 $99,400
All Other Areas and Counties of the State $84,720 $98,840

* Effective as of 6/17/2024

FirstHome/FirstDown and FirstDown Plus Purchase Price Limits

Residences financed can include single-family detached homes, townhomes, condominiums, homes in planned unit developments, and permanently attached, multi-wide manufactured homes that are assessed as real property. Total home purchase price may not exceed the limit listed below, unless the home is in a targeted area.

Area Purchase Price
Limits
Los Alamos County $641,523
Santa Fe County $555,436
All Other Areas and Counties of the State $510,939

* Effective as of 6/17/2024

HomeNow Income Limits

County 1 Person Family 2 Person Family 3 Person Family 4 Person Family 5 Person Family 6 Person Family 7 Person Family 8 Person Family
Bernalillo $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250
Catron $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Chaves $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Cibola $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Colfax $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Curry $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
De Baca $41,950 $47,950 $53,950 $59,950 $64,750 $69,550 $74,350 $79,100
Dona Ana $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Eddy $53,150 $60,750 $68,350 $75,900 $82,000 $88,050 $94,150 $100,200
Grant $40,150 $45,900 $51,600 $57,350 $61,950 $66,550 $71,150 $75,700
Guadalupe $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Harding $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
Hidalgo $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Lea $41,350 $47,250 $53,150 $59,050 $63,800 $68,500 $73,250 $77,950
Lincoln $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Los Alamos $68,500 $78,250 $88,050 $97,800 $105,650 $113,450 $121,300 $129,100
Luna $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
McKinley $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Mora $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Otero $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
Quay $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Rio Arriba $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Roosevelt $40,350 $46,100 $51,850 $57,600 $62,250 $66,850 $71,450 $76,050
San Juan $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
San Miguel $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Sandoval $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250
Santa Fe $51,250 $58,600 $65,900 $73,200 $79,100 $84,950 $90,800 $96,650
Sierra $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Socorro $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Taos $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000
Torrance $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250
Union $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Valencia $48,400 $55,300 $62,200 $69,100 $74,650 $80,200 $85,700 $91,250

* Waiting for Funding Availabilty
* In cases where the household exceeds eight persons, please contact Housing New Mexico for income figure.
* Effective as of 6/17/2024

HomeNow Purchase Price Limits

County Existing Home New Home
Bernalillo $225,000 $252,000
Catron $193,000 $251,000
Chaves $193,000 $251,000
Cibola $193,000 $251,000
Colfax $231,000 $251,000
Curry $193,000 $251,000
De Baca $193,000 $251,000
Doña Ana $198,000 $251,000
Eddy $221,000 $267,000
Grant $193,000 $251,000
Guadalupe $193,000 $251,000
Harding $193,000 $251,000
Hidalgo $193,000 $251,000
Lea $196,000 $251,000
Lincoln $271,000 $271,000
Los Alamos $366,000 $366,000
Luna $193,000 $251,000
McKinley $193,000 $251,000
Mora $193,000 $251,000
Otero $193,000 $251,000
Quay $193,000 $251,000
Rio Arriba $197,000 $251,000
Roosevelt $193,000 $251,000
San Juan $195,000 $251,000
San Miguel $193,000 $251,000
Sandoval $233,000 $254,000
Santa Fe $347,000 $347,000
Sierra $193,000 $251,000
Socorro $193,000 $251,000
Taos $298,000 $298,000
Torrance $223,000 $252,000
Union $193,000 $251,000
Valencia $223,000 $252,000

* Waiting for Funding Availabilty
* Will be updated when HUD releases the 2024 Purchase Price Limits
* Effective as of 
6/17/2024

HomeForward Income and Purchase Price Limits

County Purchase Price Limit Income Limit
Bernalillo $567,710 $129,750
Catron $567,710 $118,350
Chaves $567,710 $118,350
Cibola $567,710 $118,350
Colfax $567,710 $118,350
Curry $567,710 $118,350
De Baca $567,710 $122,550
Dona Ana $567,710 $118,350
Eddy $567,710 $152,700
Grant $567,710 $118,350
Guadalupe $567,710 $118,350
Harding $567,710 $118,350
Hidalgo $567,710 $118,350
Lea $567,710 $118,350
Lincoln $567,710 $181,560
Los Alamos $712,804 $252,750
Luna $567,710 $118,350
McKinley $567,710 $118,350
Mora $567,710 $118,350
Otero $567,710 $118,350
Quay $567,710 $118,350
Rio Arriba $567,710 $118,350
Roosevelt $567,710 $118,350
San Juan $567,710 $129,750
San Miguel $567,710 $118,350
Sandoval $567,710 $118,350
Santa Fe $617,152 $196,640
Sierra $567,710 $118,350
Socorro $567,710 $118,350
Taos $567,710 $181,560
Torrance $567,710 $129,750
Union $567,710 $118,350
Valencia $567,710 $129,750

* Effective as of 6/17/2024