image desccription

Revised Program Household Income Limits

Revised Program Household Income Limits:

Effective February 11, 2013, MFA is amending the Statewide Program Household Income Limits for the Mortgage$aver, Mortgage$aver Zero, Mortgage$aver Plus, Mortgage Booster and HERO Programs.  The Program Household Income Limits include both Targeted and non-Targeted areas throughout the state.  The income limits slightly declined for Farmington MSA, Santa Fe MSA and Los Alamos County.

The new Household Income Limits are as follows:

Mortgage$aver, Mortgage$aver Zero, Mortgage$aver Plus and Mortgage Booster Program Household Income Limits

AREA 1-to-2 Person Household OLD/NEW 3-or-More Person Household OLD/NEW
Albuquerque MSA - (Bernalillo, Sandoval, Torrance and Valencia Counties) $61,000 / $62,900 $70,150 / $72,335
Non-Targeted Areas    
Santa Fe MSA and Los Alamos County $67,800 / $62,000 $77,970 / $71,300
Farmington MSA $56,200 / $55,300 $64,630 / $63,595
All other areas $53,800 / $54,200 $61,870 / $62,330
Targeted Areas    
Bernalillo, Sandoval County census tracts $73,200 / $75,480 $85,400 / $88,060
San Juan County census tract $67,440 / $66,360 $78,680 / $77,420
All other census tracts $64,560 / $65,040 $75,320 / $75,880
     
     

 

HERO Program Household Income Limits

Area OLD NEW
Albuquerque MSA (Bernalillo, Sandoval, Torrance and Valencia Counties) $73,200 $75,480
Santa Fe MSA and Los Alamos County $81,360 $74,400
All other areas $64,560 $65,040

 

Thank you for participating in MFA’s program.  Should you have any questions, please contact a member of the MFA Homeownership Department at 1-800-444-6880 or 505-843-6881.