MFA's mortgage programs provide homebuyers with down payment and closing cost assistance as well as competitive interest-rate mortgage loans. An MFA participating lender will help you determine which program is best for you. You can find a list of participating lenders by clicking the link on the menu bar to the left.
FIRSTHome
A mortgage loan for individuals or families who are buying a home for the very first time.
FIRSTHome Description
English factsheet
Spanish factsheet
FIRSTDown
A second mortgage loan with a low interest rate that helps first-time homebuyers with down payment and closing costs.
FIRSTDown Description
English factsheet
Spanish factsheet
NEXTHome
NEXTHome is a combination first mortgage loan and down payment assistance second mortgage loan that is available to qualifying first-time homebuyers as well as non first-time homebuyers. It has a single statewide qualifying income limit and purchase price limit.
NEXTHome Description
English factsheet
Spanish factsheet
For more information about any of MFA's homebuyer programs, please contact a homeownership representative at 505.843.6881 or send an email to info@housingnm.org.
