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Hero Loan Program - Buying a Home for sale in NM

The New Mexico Mortgage Finance Authority (NMMFA) is currently promoting its“Hero” program for Teachers, Safety workers, Health Care workers and Active Members of the Armed Forces.  We love helping these people and have been doing promotions at workplaces.  If you would like us to come to your work place and tell your friends, staff, colleagues, please call us at 505-750-3305

Here are the things you should know about it:

It is an FHA type loan

You must have a minimum 620 credit score.

Borrower must have $1,000.00 of their own money into the loan. This $1,000.00 may not come from a gift.

Borrower does NOT  have to be a first time homebuyer.  They cannot currently own any single family homes.

The Income Limit is $73,200.00.

The price of the home/property can not go over $243,945.00

This is a grant program which means the money is paid for you. The amount of the grant is 3.5% of the final loan amount (including upfront MIP) and can be used towards down payment and costs.  Depending on the lender you use, this can mean only $1000 to close on a new house.  The $500 down program is for low income first time homebuyers.  Check with us on that NM Mortgage Loan as well!

We have several mortgage lenders that we will refer you to help with this program.  There are also other loan programs for low income borrowers.  Ask us about other MFA loan programs for buyers. Again, call 505-750-3305 for your Albuquerque Realtor, The Templeton Team.

A few homes for sale in Albuquerque

$215,000

713 Adams Street SE, Albuquerque

Lovely Updated SE UNM AREA home with refinished (2012) hardwood floors in LR, 3 bedrooms, and Family room. Beautiful mountain views from LR and DR windows. 3 bedrooms and...

  • Beds 3
  • Baths 2.0

$199,000

1050 Las Golondrinas Court NW, Albuquerque

Beautifully maintained KB home in Las Golondrinas subdivision w/many custom details. Updated Italian tile (2010), custom blinds (2010) & NEW Sod/Lawn (2014)! Open functio...

  • Beds 3
  • Baths 3.0

$152,900

2304 Claveles Street NW, Albuquerque

Fully Remodeled Home. Brand New Kitchen! New Stainless Steel Appliances! New Carpet, Paint and fixtures throughout. Beautiful bathrooms. Huge laundry room. New AC. Great ...

  • Beds 4
  • Baths 2.0

5617  Knight Road NE, Albuquerque NM 87109

$250,000

5617 Knight Road NE, Albuquerque

Great location, fantastic home. Rare opportunity to find a home for sale in the highly sought neighborhood. Great condition with 1 year old carpet, updated appliances. G...

  • Beds 3
  • Baths 2.0

10414  Apache Avenue NE, Albuquerque NM 87112

$130,000

10414 Apache Avenue NE, Albuquerque

Lovingly Maintained 3 Bedroom 2 Bath home with converted garage for bonus room. New roof in 2010 with 1 yr left on warranty. large yard. Large laundry/utility. Covered po...

  • Beds 3
  • Baths 2.0

$162,500

1112 Casa Roja Place NW, Albuquerque

This beautiful house is a must see! Great view's from the deck, covered patio in the backyard perfect for entertaining, minutes from I-40 and shopping. Even the pickiest ...

  • Beds 3
  • Baths 3.0

$210,000

5244 Na Pali Street NE, Albuquerque

Model-like home, beautifully kept and full of upgrades. Gated community makes living here safe and carefree. This Condo has an open floor plan with arches, nichos, warm c...

  • Beds 2
  • Baths 3.0

$203,000

720 SANDY Drive NW, Albuquerque

AWESOME CITY VIEWS!! And over 30k in Energy Effecient Upgrades !! Pride of ownership shows in this beautiful 4 Bdrms.. Many upgrades in this home including Tile Roof, Ref...

  • Beds 4
  • Baths 3.0

$239,000

4017 Simms Avenue SE, Albuquerque

Beautifully remodeled, updated, new granite counter tops, new stainless steel appliances, gleaming hardwood floors, Formal living w/FP, family room with dining, 3 bed roo...

  • Beds 3
  • Baths 2.0

$185,000

7209 Welton Drive NE, Albuquerque

Great Location! 4 Bedroom, Open floor plan, Grand fireplace, Backyard access, large backyard,, Tile throughout family room and kitchen, Plenty of natural light. Large MBR...

  • Beds 4
  • Baths 2.0

9200  Hendrix Road NE, Albuquerque NM 87111

$141,900

9200 Hendrix Road NE, Albuquerque

This charming cottage house is ready to move in. New roof in 2012, Furnace and windows updated. Xeriscaped in front but greenery in back. Lots more to see. IN the pro...

  • Beds 2
  • Baths 2.0

$229,000

3821 Don Juan Court NW, Albuquerque

Opportunity Knocks with this sweet home nestled in a cul-de-sac location in the heart of the North Valley just off of Rio Grande. Hard wood floors, 20 foot ceiling in liv...

  • Beds 3
  • Baths 3.0

$235,000

4008 Whistler Avenue NW, Albuquerque

Impeccable 4 bedroom home with mountain/city views! Features a great, open floor plan, large bedrooms & 3 full baths! Large kitchen has plenty of counter space & a gas ra...

  • Beds 4
  • Baths 3.0

$154,900

6012 Canis Avenue NW, Albuquerque

Motivated sellers! Purchase price reduced by $20,600, sellers hoping for a quick sale. This house is move-in ready with lots of admirable features. Newer front wood door...

  • Beds 3
  • Baths 2.0

$154,000

10748 Shooting Star Street NW, Albuquerque

Sellers are very motivated. Reduced price by $21,500 for a quick sale. Bring your buyers, they will not be disappointed. 2014 the house has been freshly painted througho...

  • Beds 3
  • Baths 2.0

$130,000

2705 COTTONWOOD Lane SW, Albuquerque

This HUD Home is proudly presented by Matt Martin. Owner Occupant bids accepted thru 7/30 @ 10:59 PM MST. Offers reviewed 8/1 if no offers are accepted Owner Occupant bid...

  • Beds 3
  • Baths 2.0

$212,500

505 5TH Street SW, Albuquerque

Downtown location and convenience. Newer built 2 story house with garage. Live, work and play in the heart of ABQ. Modern feel with stained concrete flooring on the fi...

  • Beds 2
  • Baths 2.0

$185,000

2008 Minnie Street SW, Albuquerque

Come see this spacious South Valley property needs a little TLC. Huge master suite secluded from the rest of the house with beautiful step up master tub to relax in and f...

  • Beds 3
  • Baths 3.0

$155,000

10100 arroyo bend Drive NW, Albuquerque

Great area open floorplan,near cottonwood mall ,super views of city lights,large master bedroom,extremely light and bright,just minutes to Paseo Del Norte,very private ne...

  • Beds 3
  • Baths 2.0

$184,900

1412 Stone Canyon Road NE, Albuquerque

Beautiful home in a excellent location. Queit low population street. Big back yard with a side gate for easy access. Nice open floor plan with spacious Kitchen and Living...

  • Beds 3
  • Baths 3.0

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.