image desccription

Revised Program Household Income Limits

Effective for loan reservations on June 27, 2016, MFA is revising the Household Income Limits for the First Home and Next Home Programs as well as the First Down program.   

The revised Household Income Limits include both Targeted and non-Targeted areas throughout the state. 

First Home and First Down Programs

Non Targeted Areas

1-to-2-Person Household

3-or-More-Person Household

Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $61,600 $70,840
Santa Fe MSA and Los Alamos County $77,520 $90,440
Farmington $58,493 $67,267
All other areas $59,453 $68,371

 

First Home and First Down Programs

Targeted Areas

1-to-2-Person Household

3-or-More-Person Household

Bernalillo and Sandoval County census tracts $73,920 $86,240
Santa Fe County census tract $77,520 $90,440
All other census tracts $67,200 $78,400

 

Next Home Program

Area

All Household

All areas within the state $90,000

 

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.