Down Payment Assistance

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Down Payment Assistance



  • This is a 0% deferrable loan that must be paid back in full at any transfer of title/ownership.
  • Household income must be at or below 100% Area Median Family Income (AMFI) Income is calculated by using the households’ Adjusted Gross Income (AGI) on the prior year’s tax return.
  • $3,000.00 in Down Payment Assistance (DPA) per household, the household must bring at least $1,000.00 of their own funds to closing.
  • To qualify, household must have a valid Homebuyer Education certificate (within past year) and attend at least one pre-purchase appointment with an NMCAA Budget/Housing Coach.
  • Down Payment Assistance (DPA) can be paired with IDA funds for maximum benefit.
  • Offered on a first come, first qualified, first completed basis.
  • Must agree to provide closing disclosure upon purchase.
  • Must obtain a Home Inspection (If the loan is a Rural Development loan, proof is not required).
  • When is the best time to apply for Downpayment Assistance? The best time to apply is after an offer is made on a home. You can start to save before applying.

For more information, please call 231-346-2141 or email

Apply Here

This page last updated on 11/16/2023.