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
Download a factsheet
FIRSTDown
A second mortgage loan with a low interest rate that helps first-time homebuyers with down payment and closing costs.
FIRSTDown Description
Download a factsheet
NEXTHome**
A mortgage loan for non-first-time homebuyers who are purchasing their next home. NEXTHome is also available for first time homebuyers, if a lender determines that it best suits their needs.
NEXTHome Description
Download a factsheet
HOMENow
A second mortgage loan that provides down payment and closing cost assistance for first-time homebuyers with lower incomes.
HOMENow Description
Download a factsheet
**The HFA Preferred conventional program information currently published on MFA’s website strictly applies to loans reserved on or before August 16, 2019. The HFA Preferred conventional program will be temporarily unavailable effective August 19, 2019 while we make the revisions required by Fannie Mae. We will publish updated HFA Preferred parameters, policies, and procedures as soon as they are available. We apologize for any inconvenience this may cause. All MFA programs continue to be available for use in conjunction with government loans (FHA, VA, USDA).
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.
