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Revised Program Household Income Limits

MFA is revising the Household Income Limits, effective with loans reserved on August 16, 2017, for the First Home and Next Home Programs as well as the First Down program.  

The revised Household Income Limits including Targeted areas are as follows: 

First Home and First Down Programs Non Targeted Areas

Non Targeted Areas

1-to-2-Person Household

3-or-More-Person Household

Albuquerque MSA (Bernalillo/Sandoval/Torrance/Valencia) $61,900 $71,185
Santa Fe MSA $74,640 $87,080
Los Alamos County $108,800 $125,120
Farmington $58,800 $67,620
Curry and De Baca Counties $58,606 $67,408
All other areas $58,996 $67,845

 

First Home and First Down Programs Targeted Areas

Targeted Areas

1-to-2-Person Household

3-or-More-Person Household

Bernalillo and Sandoval County census tracts $74,280 $86,660
Santa Fe County census tract $74,640 $87,080
All other census tracts $67,680 $78,960

 

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.