Down Payment Resource recently released their 2nd Quarter Homeownership Program Index. Their data indicates that New Mexico has 28 homeownership/down payment programs available and that 92.9% have funds still available.

The Quarterly Homeownership Program Index increased to include three percent more programs; 87% have funds available to buyers - See more at: http://downpaymentresource.com/q2-2015-homeownership-program-index

Key findings:

• The report increased to 2,359 programs up three percent from the prior quarter.
• Programs from over 1,250 housing agencies and program providers are tracked.
• 19 programs are available nationwide.
• Approximately 87 percent of programs have funds available for homebuyers, down three percent from February.
• Mortgage Credit Certificates (MCC) increased 12 percent from October 2014.
• Many of these programs can be layered with each other and can often be used with most loan products, including VA and FHA.
• More than 14 percent of programs are special opportunities available exclusively for veterans, buyers with a disability and other professions or special circumstances.
• The index highlights the wide range of opportunities available for all types of buyers, not just for first-time homebuyers. 36 percent of the programs don’t include a first-time homebuyer requirement (down 1 percent from February).
• While all programs are available for single family homes, the index found that 17 percent of programs are also eligible for owner-occupied multifamily properties like duplexes, triplexes and quads (2-4 unit properties).

More information:

• Release and Key Statistics.
• State-by-State Data.