MFA HOMENow was designed to let first-big date home buyers in the The brand new Mexico with family to order costs. The application has the benefit of eligible people good deferred, forgivable mortgage of up to $eight,000 to help with the advance payment and closing costs out-of to acquire a home. So it mortgage need not become paid back as long as the customer lives in the home as their first house to possess a set period of time, constantly five years.

Consumers need certainly to meet certain money and you can family price standards, as well as over a great homebuyer education direction, to-be qualified to receive MFA HOMENow. Also, your house being bought need to be inside the The fresh new Mexico and you will satisfy specific property criteria.

MFA DownPaymentAdvantage

DownPaymentAdvantage brings consumers getting less than 80% of town median income an excellent $twenty five,000 advance payment assistance give. Continue reading To order a property in The latest Mexico’s significant towns and cities →