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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

$250,000

10801 CORONADO Avenue NE, Albuquerque

Mountain and city views* Homes to the north and east so you can see where to build for the most strategic views* Natural gas and electric at front of lot* No drainage or ...

  • Beds
  • Baths

$250,000

10609 CORONADO Avenue NE, Albuquerque

Great lot close in* City and Mountain views* Natural gas and electric at front of property* Home already built on next street to the north so you can see where to build f...

  • Beds
  • Baths

1740  SINGLETARY Drive NE, Albuquerque NM 87112

$244,000

1740 SINGLETARY Drive NE, Albuquerque

Experience the large floor plans that this one-story,2-car garage home provides. It also comes with a remodeled trailer/RV access. Need more storage space...make use of t...

  • Beds 4
  • Baths 2.0

$229,900

9505 Layton Avenue NE, Albuquerque

Motivated seller! Ready to move in with remodelled kitchen! Feeling In Home! Peaceful and close to all amenities. Beautiful House In Highly Sought After Area. New Lami...

  • Beds 4
  • Baths 2.0

2324  Parkwest Drive NW, Albuquerque NM 87120

$175,000

2324 Parkwest Drive NW, Albuquerque

NEW, NEW, NEW!! Every inch of this Parkwest beauty has been up-dated and up-graded-right down to the fixtures! Rich laminate wood flooring, striking granite counter-tops,...

  • Beds 3
  • Baths 2.0

$157,000

6408 CATHY Avenue NE, Albuquerque

Great little house with easy access to everything. Features 3 bedrooms, 2 living areas and a nice sized backyard. Some painting done throughout and new laminate floor in ...

  • Beds 3
  • Baths 2.0

$219,900

441 Carlisle Boulevard NE, Albuquerque

Remodeled Nob Hill Home with 2 car garage and Automatic Gate. Remodeled Kitchen and Bath. Beautiful hardwood floors. Light & bright living area with wood floors & Charmi...

  • Beds 2
  • Baths 1.0

$219,900

4827 Sun Cove Road NE, Albuquerque

Custom decorator touches make this your home for the holidays. The kitchen, the place to be includes stainless steel appliances, granite counter tops and an eat at bar gr...

  • Beds 3
  • Baths 3.0

$172,000

10220 Arroyo Bend Drive NW, Albuquerque

Wow,come and see this light & bright open floor plan. Laminate & tile floors with carpet in the 2 spare bedrooms. Small, low-maintenance backyard. This home is move-in r...

  • Beds 3
  • Baths 2.0

$199,797

8516 8516 Monitor Drive NE, Albuquerque

*Serious Seller Alert* Located in some of the Most Desirable School Districts in Town this Heritage Hills Home is sure to Please! Features a Spacious Entry into the Large...

  • Beds 3
  • Baths 2.0

$249,900

8113 LOMA DEL NORTE Road NE, Albuquerque

Stunning updates on this move in ready Far Northeast beauty! Get the neighborhood you want without having to remodel! Wonderful open concept floor plan with 4 bedrooms + ...

  • Beds 4
  • Baths 2.0

$145,000

10505 Snowheights Boulevard NE, Albuquerque

Super cute 3 bedroom, 2 bath home in a great NE location close to everything! Fresh paint, new carpet, freshly painted kitchen cabinets, huge living area with kiva firepl...

  • Beds 3
  • Baths 2.0

$230,000

2431 NORTHWEST Circle NW, Albuquerque

Desirable downtown location across from Hotel Albuquerque. Easy access to I-40 & nearby amenities - Old Town Plaza, restaurants, shopping, parks & more! Biker's paradise ...

  • Beds 2
  • Baths 2.0

$215,000

9609 Cerro Largo Place NW, Albuquerque

Fabulous Ventana Ranch neighborhood! Beautiful open foyer to formal living or dining room with an abundance of windows for wonderful natural lighting throughout. Convenie...

  • Beds 4
  • Baths 3.0

$136,000

1725 DEL CIELO Drive NW, Albuquerque

Great investment property with a current lease in place. Make us an offer - subject to inspections.

  • Beds 3
  • Baths 3.0

$240,000

5121 Noreen Drive NE, Albuquerque

No HOA Fees in beautiful Oso Grande subdivision! Lovely detached patio home with fabulous floorplan and lots of updates! Recent Pella Windows & doors throughout, stainles...

  • Beds 3
  • Baths 3.0

$189,000

7700 Ridgeview Drive NW, Albuquerque

This home is a diamond in the rough. In the process of debris removal, please excuse the mess but don't miss the potential of this 4 bedroom 3 bath custom home with lovel...

  • Beds 4
  • Baths 3.0

$153,999

1205 82Nd Street SW, Albuquerque

Awesome Move In Ready Home. This Cozy, Beautifully maintained home has everything, Open Floor plan,Stained Kitchen cabinets with New Accent Blacksplash, Marble Granite c...

  • Beds 3
  • Baths 2.0

$249,900

707 SLATE Avenue NW, Albuquerque

Convenient and charming, this historical property is in the heart of Albuquerque and minutes from down town, Old Town, museums, the zoo, and so much more. New cafes, bist...

  • Beds 3
  • Baths 2.0

$199,000

3933 La Sombra Road SW, Albuquerque

This is a Valley Farms gem hat will allow you to spread out and enjoy all the roominess. Enjoy the large family room that includes a wet bar for relaxing and entertaining...

  • 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.