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Revised Household Income Limits

Memorandum

TO:Participating Lenders

FROM:Erik Nore, Director of Homeownership

DATE:June 19, 2015

RE:Memo No. 15-20

Revised Household Income Limits

  • Payment$aver
  • Helping Hand

 

Effective for loan reservations on June 22, 2015, MFA is revising the Household Income Limits for the Payment$aver and Helping Hand down payment assistance programs.     

The revised Household Income Limits are as follows:
*MSA or County VS Number of People in the Household

MSA or County 1 2 3 4 5 6 7 8
Albuquerque MSA Bernalillo/Sandoval/Valencia/ Torrance Counties 33,250 38,000 42,750 47,500 51,300 55,100 58,900 62,700
Santa Fe MSA and Los Alamos County 34,950 39,950 44,950 49,900 53,900 57,900 61,900 65,900
Farmington MSA San Juan County 30,900 35,300 39,700  44,100 47,650 51,200 54,700 58,250
Las Cruces MSA Doña Ana County 27,100 31,000 34,850 38,700 41,800 44,900 48,000 51,100
Chaves 28,000 32,000 36,000 39,950 43,150 46,350 49,550 52,750
Colfax 28,950 33,100 37,250 41,350 44,700 48,000 51,300 54,600
Eddy 35,300 40,350 45,400 50,400 54,450 58,500 62,500 66,550
Harding 28,400 32,450 36,500 40,550 43,800 47,050 50,300 53,550
Lea 32,100 36,700 41,300 45,850 49,550 53,200 56,900 60,550
Lincoln 30,600 35,000 39,350 43,700 47,200 50,700 54,200 57,700
Rio Arriba 27,450 31,400 35,300 39,200 42,350 45,500 48,650 51,750
All other counties 27,100 31,000 34,850 38,700 41,800 44,900 48,000 51,100

 

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.