Mortgage Assistance for Homeowners Available Now
FOR IMMEDIATE RELEASE
CONTACT: Leann Kemp
ALBUQUERQUE: The State of New Mexico, in partnership with MFA, announced today that applications are now being accepted for the New Mexico Homeowner Assistance Fund. The program covers past-due and current mortgage payments for income-eligible New Mexicans who have experienced a financial hardship associated with the COVID-19 health crisis. The New Mexico Homeowner Assistance Fund replaces the COVID-19 Homeowner Assistance Program, which also served homeowners with housing cost assistance payments.
Under the new program, households may receive up to $10,000 in order to maintain housing and/or to reduce housing cost delinquency. MFA will make payments directly to mortgage or loan servicers, escrow companies or other housing providers. The assistance does not have to be repaid.
In order to qualify for assistance through the New Mexico Homeowner Assistance Fund, household income may not exceed 100 percent of the area median income, adjusted for family size. Additional qualifying criteria can be found on MFA’s website: housingnm.org.
To apply online, go to: housingnm.org. Paper applications are available by calling 505.308.4206 or toll free 866.488.0498.