Mortgage Programs

MFA's mortgage programs provide homebuyers with down payment and closing cost assistance as well as competitive interest-rate mortgage loans. An MFA participating lender will help you determine which program is best for you. You can find a list of participating lenders here.

A minimum credit score of 620 is required. All homebuyers must receive pre-purchase homebuyer counseling. View MFA's income limits and purchase price page to see if your household income meets MFA program requirements.

FirstHome and FirstDown

A mortgage loan for individuals or families who have not owned a home in the past three years. It may be used with MFA’s down payment assistance program, FirstDown or as a stand-alone first mortgage.


A down payment and closing cost second mortgage loan that is available to available to first-time homebuyers who have lower household incomes. The loan has a 0 percent interest rate and may be forgiven after 10 years if certain conditions are met.


DownPaymentAdvantage is a grant program that provides a $25,000 grant, that doesn’t need to be repaid, to assist qualified low-income homebuyers with the down payment and closing costs on a home.

For more information about any of MFA's homebuyer programs, please contact a homeownership representative at 505.843.6881 or send an email through the "contact us" button.