MFA Mortgage
Lenders and REALTORS
Find Housing and Assistance
State Tax Credits for Affordable Housing Development
Apr 20, 2017 17-07
Revised Acquisition Cost Limits
Effective with loans reserved on April 26, 2017, MFA is revising the Acquisition Cost Limits for the First Home and Next Home programs as well as the First Down program. The Income Limits will be revised at a later date.
The revised Acquisition Cost Limits for all programs are as follows:
| First Home/First Down Acquisition Cost Limits | |
|---|---|
|
Geographic Area |
Acquisition Cost Limit |
| Santa Fe County | $338,824 |
| Los Alamos County | $350,471 |
| Taos County | $263,647 |
| All other Areas of the State | $253,809 |
| All Targeted Areas Census Tracts within the State | $310,211 |
| Next Home Acquisition Cost Limit | |
|---|---|
|
Geographic Area |
Acquisition Cost Limit |
| All Areas of the State | $340,000 |
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.
