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First Time Home Buyer Program

Deming First Time Home Buyers Ribbon CuttingThe First Time Homebuyer Program is designed to help moderate to low-income families purchase their first home. Funding is provided by Wells Fargo and the New Mexico Mortgage Finance Authority (MFA). Partners include the City of Deming, Wells Fargo, New Mexico Mortgage Finance Authority, Fiesta Homes, and Karsten Manufacturing.  The First Time Home Buyer Program offers

  • Down payment assistance
  • MFA subsidy of up to $20,000
  • Assistance in arranging financing
  • Credit counseling
  • Financial literacy counseling
  • Home maintenance training

The homes built for the program are Energy Star Certified. Each home has 1188 square feet, 3 bedrooms & 2 bath, central heating and air conditioning, a 50 foot by 140 foot, 2 car garage and a concrete driveway.

Bring in all required documents listed on the forms page and we will help with the application and go over your credit report.