Revised Program Household Income Limits
Memorandum
TO:Participating Lenders
FROM:Erik Nore, Director of Homeownership
DATE:June 19, 2015
RE:Memo No. 15-19
Revised Program Household Income Limits
- Mortgage$aver/Mortgage Booster Programs
- HERO Program
Effective for loan reservations on June 22, 2015, MFA is revising the Household Income Limits for the Mortgage$aver, Mortgage$aver Zero, Mortgage$aver Plus and HERO programs as well as the Mortgage Booster down payment assistance program. The revised Household Income Limits include both Targeted and non-Targeted areas throughout the state.
Mortgage$aver and Mortgage Booster Programs
| Non Targeted Areas | 1-to-2-Person Household | 3-or-More-Person Household |
| Albuquerque MSA (Bernalillo, Sandoval, Torrance and Valencia Counties) | $62,202 | $71,532 |
| Santa Fe MSA and Los Alamos County | $74,880 | $87,360 |
| Farmington MSA | $63,062 | $72,521 |
| All other areas | $58,080 | $67,760 |
Mortgage$aver and Mortgage Booster Programs
| Targeted Areas | 1-to-2-Person Household | 3-or-More-Person Household |
| Bernalillo and Sandoval County census tracts | $71,280 | $83,160 |
| San Juan County census tract | $66,120 | $77,140 |
| All other census tracts | $64,920 | $75,740 |
HERO Program
| Area | Proposed |
| Albuquerque MSA (Bernalillo, Sandoval, Torrance and Valencia Counties) | $71,280 |
| Santa Fe MSA and Los Alamos County | $74,880 |
| All other areas | $64,920 |
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.