First Time Buyers

Dreaming of owning your first Farmington home?

Tired of shoveling out rent for a home or apartment that isn't yours? Changing from renter to homeowner may be easier than you think, and we're here to help.

Where Do You Start?

First of all, learn the financing basics. Get pre-approved and become a smart shopper.

When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options for turning your dreams of buying a home into a happy reality.

Programs for First-Time Buyers

There are several local or federal government programs that help first time buyers get into the housing market. We are happy to provide more information about available programs. Contact us to get the most current information about these options.

Your Lender

Your bank or credit union can help as well. If you are debt free and own something free and clear (like a car), your lender may lend you the down-payment by securing it against this asset.

Private Contracts

Look for a seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage installments.

Need financial solutions?

One of the most important steps in buying your first Farmington home is understanding the financing process that will help you pay for your first home. To learn more about this process, visit our Financing Page.

Credit or tax problems.
Do you have problems with your credit rating or owe money in taxes? Buying your first home is still a possibility. Check with your lending institution about options, such as paying a higher down-payment. If necessary, contact a financial advisor or tax resolution service.


We are your Farmington, NM real estate experts and can answer any questions you have!