First-time Homebuyers

For More information contact one of our Homeownership Representatives
Mortgage Finance Authority
Main: (505) 843-6881
Fax: (505) 243-3289

Homeownership Department Staff

First-time Homebuyers:

MFA offers a number of programs with below-market interest rates and / or closing cost assistance to first-time homebuyers. These programs are also available to individuals who have not owned a home or a manufactured house in the last three years.

Where to start?

Preparing for Homeownership
Great resource for potential home buyers

Calculators

• What will be my Mortgage payment?
  
• How much you can afford (conventional loan)?
  
• How much you can afford (FHA loan)?

Glossary of Terms - Definitions and explanations of terms often used in the mortgage banking industry.

Housing Counseling
Information about classes as well as affiliates who conduct first time home buyer training.

Find a participating Lender

Mortgage Loan

Mortgage$aver - Mortgage Program

• Qualification Criteria
• Income Limits and Qualifications

New HERO

Down Payment/Closing Cost Assistance

Helping Hand

Mortgage $aver Plus

• Qualification Criteria
• Income Limits and Qualifications

Payment$aver

• Qualification Criteria
• Income Limits and Qualifications

Mortgage Booster

Qualification Criteria

Income Limits and Qualifications

Other Downpayment Programs

Request for Information
Request information pertaining to each of the programs the MFA offers.