Lenders and REALTORS
Property Managers
Aug 8, 2017 17-15
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.
