Search Results
Total results: 1544.
Cibola Census Tract 9458 - East Central
https://housingnm.org/uploads/documents/cibola9458eastcentral.pdf
Cibola Census Tract 9458 - West Central
https://housingnm.org/uploads/documents/cibola9458westcentral.pdf
Cibola Census Tract 9458 - West
https://housingnm.org/uploads/documents/cibola9458west.pdf
Cibola Census Tract 9458 - South
https://housingnm.org/uploads/documents/cibola9458south.pdf
Cibola Census Tract 9458 - Central
https://housingnm.org/uploads/documents/cibola9458central.pdf
Cibola Census Tract 9458 - North
https://housingnm.org/uploads/documents/cibola9458north.pdf
Targeted Areas Spanish Factsheet
https://housingnm.org/uploads/documents/Targeted_Areas_SP_NonFillable_May2020.pdf
Targeted Areas English Factsheet
https://housingnm.org/uploads/documents/Targeted_Areas_NonFillable_May2020.pdf
NextHome Spanish Factsheet
https://housingnm.org/uploads/documents/NextHome_SP_Nonfillable_May_2019.pdf
NextHome English Factsheet
https://housingnm.org/uploads/documents/NextHome_NONeditable_July_2019.pdf
FirstDown Spanish Factsheet
https://housingnm.org/uploads/documents/FirstDown_SP_Web_May2020.pdf
FirstDown English Factsheet
https://housingnm.org/uploads/documents/FirstDown_Web_May2020.pdf
FirstHome Spanish Factsheet
https://housingnm.org/uploads/documents/FirstHome_SP_Web_May2020.pdf
FirstHome English Factsheet
https://housingnm.org/uploads/documents/FirstHome_Web_May2020.pdf
Closing on Your Loan and Good Faith Estimate
Loan Origination Fee: This is a fee charged by the lender to originate the loan, or reserve funds for your loan in the pool of mortgage money. It is usually one “point,” or one percent of your base loan amount. Points: (Also called discount points) This term refers to the…
Negotiating a Purchase Agreement
Start with a fair price and a fair offer: When sellers significantly overprice their homes, it turns off potential buyers. Likewise, making an offer that is far lower than the asking price is practically guaranteed to alienate the sellers. Asking and offering prices should be based on recent sales prices…
Conventional Loans
Conventional loans are loans that are not guaranteed or insured by a government entity. Private investors that provide capital for these loans take the risk. Mortgage loans that are not targeted toward first-time homebuyers are often conventional. Conventional loans typically: Qualify borrowers for a home loan using lower front-end and…
Rural Development Loans
Rural Development (formerly Farmers Home Administration) is another government entity. In contrast to FHA and VA, however, Rural Development does loan money directly to borrowers, in addition to guaranteeing loans made by eligible mortgage lenders. Their loans are available in communities with populations of 20,000 or fewer people. Rural Development…
VA Loans
VA loans are loans guaranteed by the Veterans Administration for qualified veterans. To determine if you are qualified for a VA loan, contact your local VA office for an eligibility certificate. VA loans do not require the borrower to make a down payment. Not unlike FHA and HUD, the Veterans…
FHA Loans
FHA loans are originated by an FHA-approved mortgage lender and are guaranteed by the Federal Housing Administration, a division of HUD. Borrowers often have easier access to FHA mortgage loans because historically FHA credit requirements have been more flexible. Borrowers never have direct contact with HUD or FHA, as neither…
Homeownership Manual
https://housingnm.org/uploads/documents/Homeownership_Manual_for_web_final.pdf
Housing Services Directory
https://housingnm.org/uploads/documents/MFA_Directory_2021-22_Web-Mar2.pdf
Domestic Violence and Abuse Survivors
Below is a list of agencies that provide shelter from domestic violence. If you need help, please contact one of these agencies directly.
Emergency Shelter
The following agencies provide emergency shelter by providing safe and sanitary refuge as well as access to other kinds of assistance. Choose the type of shelter that is appropriate for you, and contact them directly for help.
Housing Opportunities for Persons with HIV/AIDS: HOPWA
This program provides housing assistance to low-income individuals (and their families) who have a medical diagnosis of HIV/AIDS. HOPWA service providers: |Southwest CARE Center Housing Case Manager – Michael Kargas 505.218.8472 mkargas@southwestcare.org 4710 Jefferson NE, Albuquerque, NM 87109 649 Harkle Road Suite E, Santa Fe, NM 87505 ||||Alianza of New…
Housing for the Developmentally Disabled and Persons with Behavioral Health Needs
Renter’s Guide
Renting a home can create situations that need to be handled carefully in order to avoid problems. A lack of information about the landlord-tenant relationship can escalate into an eviction and hinder your ability to have a safe, secure place to live. The Renters Guide, which was written by NM…
Resident Resources
This section is for residents who live at a HUD Project-Based Section 8 property only. If you do not see the name of your property listed in the form (drop down menu) below please give us a call. The best way to contact us is to call our main number…
Subsidized Rental Properties
Apartment homes and rental properties are called “subsidized” when the property owner receives government assistance to help pay a portion of the rent charged for each unit. This assistance allows the owner to reduce the amount of rent charged for each unit so that it does not exceed 30 percent…
Affordable Rental Properties
Apartment homes and rental properties are called “affordable” when residents are required to meet certain income criteria in order to live at the property and when rental rates are set at or below the average rate for similar properties in the area. Income criteria and rental rate guidelines are updated…
HOME Rehabilitation Program
MFA's Rehabilitation Program provides home repairs or accessibility modifications to homeowners who lack the resources to do so. Services include: Energy-saving measures that help improve the efficiency of the heating and cooling of the home and reduce utility bills Hazard reduction for elderly or disabled individuals who are at risk…
Current Rates
Rates are subject to change without notice. Program Interest Rate Points Type FIRSTHome Gov't 3.125 % 0 + 0 First Mortgage FIRSTDown 10 4.250 % 0 + 0 Second Mortgage FIRSTDown 15 4.750 % 0 + 0 Second Mortgage FIRSTDown 30 5.250 % 0 + 0 Second Mortgage NEXTHome-NEXTDown DPA…
Mortgage Calculators
DISCLAIMER: These calculations are meant only to estimate mortgage payments. The amount may vary, based on the specific housing market or location of the house. This information does not does not in any way imply prequalification, qualification, or approval for any mortgage loans. For actual payment amounts, and to determine…
Homebuying Terminology
The mortgage lending business can sometimes seem very confusing and intimidating. Often, that's because of the new terms that are used to describe the home lending process. This page has a list of frequently used terms and what they mean. You can also contact a homeownership representative at 505.843.6881 for…
Questions to Ask Your Mortgage Lender
Real estate agents, builders and mortgage lenders may use terms with which you may not be familiar, and you will be asked to provide a significant amount of personal financial information in order for a mortgage lender to determine which loan is right for you. Knowing the right questions to…
Your Credit Score
If you are trying to establish or re-establish credit history, the following tips will help you: Re-establish your credit history if you have had problems. Opening new accounts responsibly and paying them off on time will raise your score in the long term. Apply for and open new credit accounts…
Homebuyer Education
Housing Counseling Agencies |Homestart 686 Broadway Blvd. SE Albuquerque, NM 87102 Contact: Elena Gonzales, 505-243-6566 Service Area: Bernalillo, Torrance, Sandoval and Valencia Counties Homewise 1301 Siler Road Santa Fe, NM 87507 Contact: Maria Jose De Ayala, 505-983-6214 Service Area: Colfax, Los Alamos, Mora, Rio Arriba, San Miguel, Santa Fe and…
Purchasing a Home in a Targeted Area
Income and sales price limits are increased for eligible borrowers who purchase homes in specific areas called Targeted Area Census Tracts. Census tracts are neighborhoods in which at least 70 percent of the households earn no more than 80 percent of the statewide median income. For more information download our…
Income and Purchase Price Limits
FirstHome and FirstDown Income Limits Current gross annual household income may not exceed limits listed below unless the homebuyer is planning to purchase a home in a targeted area. Counties / by Family Size 1 to 2 Person Household 3 or More Person Household Albuquerque MSA (Bernalillo, Sandoval, Torrance, Valencia)…
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. FIRSTHome A mortgage loan for individuals or families…
Fair Housing
|Fair Housing is the right for everyone to have access to all housing opportunities without discrimination based on: Race Religion National origin Sex Color Familial status Disability ||||The New Mexico Human Rights Act also prohibits discrimination based on: Ancestry Sexual orientation Gender identity Spousal affiliation || How Can I Recognize…