Search Results
Total results: 1580.
Veterans Home Rehabilitation and Modification Program
MFA's Veterans Housing Rehabilitation/Modification Program provides home repairs or accessibility modifications to eligible disabled veterans 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…
Recapture Tax
Recapture is a potential repayment by a low-income borrower of a portion of the interest savings they received through a low interest rate loan. This is a federal requirement that is intended to recapture interest savings only from borrowers who have improved their financial position and no longer need the…
Recapture Tax Factsheet
https://housingnm.org/uploads/documents/Recapture_Tax_Edits_7-19.pdf
Duty to Serve
Duty to Serve is a collaborative effort between Freddie Mac and MFA. The goal is to provide direct Homebuyer Counseling, with financial literacy components, to New Mexico residents of tribal lands and HUD designated Colonias. Duty to Serve Service Provider Provider Areas Native Community Capital (505) 552-7050 Tribal lands currently…
Participating Homeownership Counseling Organizations (updated June 2020)
https://housingnm.org/uploads/documents/Housing_Counseling_Agencies_06-2020.pdf
McKinley Census Tract 9453 - South West
https://housingnm.org/uploads/documents/mckinley9453southwest.pdf
McKinley Census Tract 9453 - South East
https://housingnm.org/uploads/documents/mckinley9453southeast.pdf
McKinley Census Tract 9453 - North
https://housingnm.org/uploads/documents/mckinley9453north.pdf
McKinley Census Tract 9440 - West
https://housingnm.org/uploads/documents/mckinley9440west.pdf
McKinley Census Tract 9440 - South West
https://housingnm.org/uploads/documents/mckinley9440southwest.pdf
McKinley Census Tract 9440 - South East
https://housingnm.org/uploads/documents/mckinley9440southeast.pdf
McKinley Census Tract 9440 - Center
https://housingnm.org/uploads/documents/mckinley9440center.pdf
McKinley Census Tract 9440 - North
https://housingnm.org/uploads/documents/mckinley9440north.pdf
McKinley Census Tract 9405 - West Central
https://housingnm.org/uploads/documents/McKinley9405WestCentral.pdf
McKinley Census Tract 9405 - West
https://housingnm.org/uploads/documents/mckinley9405west.pdf
McKinley Census Tract 9405 - South East
https://housingnm.org/uploads/documents/mckinley9405southeast.pdf
McKinley Census Tract 9405 - Center
https://housingnm.org/uploads/documents/mckinley9405center.pdf
McKinley Census Tract 9405 - North
https://housingnm.org/uploads/documents/mckinley9405north.pdf
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…