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Revised Acquisition Cost Limits

Effective with loans reserved on April 26, 2017, MFA is revising the Acquisition Cost Limits for the First Home and Next Home programs as well as the First Down program.  The Income Limits will be revised at a later date.

The revised Acquisition Cost Limits for all programs are as follows:

First Home/First Down Acquisition Cost Limits

Geographic Area

Acquisition Cost Limit

Santa Fe County $338,824
Los Alamos County $350,471
Taos County $263,647
All other Areas of the State $253,809
All Targeted Areas Census Tracts within the State $310,211

 

Next Home Acquisition Cost Limit                      

Geographic Area

Acquisition Cost Limit

All Areas of the State $340,000

 Please feel free to contact MFA’s Homeownership Department with any questions or for further clarification.   

Thank you for participating in MFA’s single family program.