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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

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$143,000

10401 Bellamah Avenue NE, Albuquerque

Great opportunity to own this home which is conveniently located to schools, shopping and highway access. Features include sought after corner lot, open, bright kitchen,...

  • Beds 3
  • Baths 2.0

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$249,900

6156 Agate Avenue NW, Albuquerque

The best of all worlds! Breathtaking city and mountain views + stunning bright & open floor plan + immaculate remodel = living at its best. This floor plan encompases 3...

  • Beds 3
  • Baths 3.0

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$159,000

1521 WILMOORE Drive SE, Albuquerque

Nic ehouse almost unm ,walikg distance to the south parking lot to unm so u r living on camps.nice remod must see.

  • Beds 3
  • Baths 2.0

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$135,000

12701 Mountain View Avenue NE, Albuquerque

Located in the NE Heights this Home has TONS of Potential. Nice OPEN FloorPlan & GoOd Size BaCkYaRd. ***Selling as is where is. **No warranties or guarantees expressed or...

  • Beds 3
  • Baths 2.0

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$200,000

5805 APPALOOSA Drive NW, Albuquerque

Clean as a whistle and ready to move into. 2 Large living areas. Nicely updated kitchen. Generous sized bedrooms with walk in closets. Great covered patio to enjoy summer...

  • Beds 3
  • Baths 2.0

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$165,000

2728 Utah Street NE, Albuquerque

Amazing One Level All Brick 3 Bedroom Home Near Sandia HS at such an affordable price point!!Move-In Condition! Gleaming Refinished Gorgeous Hardwood Floors and Recent Ti...

  • Beds 3
  • Baths 2.0

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$214,900

10444 Rayner Drive NW, Albuquerque

Pulte Cancun Model, Excellent Condition, close to parks, schools, CNM, UNM, Shopping, Hospitals.Stainless Appliances, Corian Countertops, Center Island, two living areas ...

  • Beds 3
  • Baths 3.0

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$229,000

10132 Avenida Vista Cerros NW, Albuquerque

Better than New! Come see this great home in exclusive gated Ventana Vista with community parks and walking trails. 4 bedrooms with separation provide privacy for the wh...

  • Beds 4
  • Baths 2.0

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$218,000

114 PRINCETON Drive SE, Albuquerque

Investment property in good condition near UNM. Owner occupied at this time. Could be easily returned to prior configuration of 3 bed 2 bath AND one bedroom apartment. ...

  • Beds
  • Baths

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$175,000

11509 Appian Way NE, Albuquerque

WHAT AN OPPORTUNITY!!! Some TLC needed. An HGTV viewer's dream! Yes, it needs updates, but what a steal! This home is in the desirable Holiday Park subdivision. Highly ...

  • Beds 3
  • Baths 2.0

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$200,000

1401 Madison Street NE, Albuquerque

Solidly constructed, classic home in a great neighborhood! Hardwood floors, coved ceilings, classic charm. One of the largest lots in the neighborhood! Double doors to hu...

  • Beds 3
  • Baths 1.0

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$250,000

9917 EDITH Boulevard NE, Albuquerque

Northern New Mexico home with walled yard, courtyard, gazebo, and long, sunny sitting porches! Irrigated land has fruit trees, large cottonwoods, plowed field, chicken c...

  • Beds 2
  • Baths 2.0

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$245,000

1610 Ridgecrest Drive SE, Albuquerque

1610 Ridgecrest Dr. offers refinished hardwood floors, expansive dining and living room boasting a decorative Morrocan fireplace, mosaic marble/tiled bathrooms and 5 poss...

  • Beds 3
  • Baths 2.0

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$220,000

13600 Covered Wagon SE, Albuquerque

only 8 yrs .old. this is a great lot looking at the mountains. features 3 spacious bedrooms , large living with open kitchen and dinning. block wall with low maintance ya...

  • Beds 3
  • Baths 3.0

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$149,000

2912 12Th Street NW, Albuquerque

Excellent North Valley Location ,Very nice upgrades granite counters in kitchen. Enjoy your coffee and newspaper in this perfect private patio. Room for RV parking. Sout...

  • Beds 3
  • Baths 2.0

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$225,000

3220 La Ronda Place, Albuquerque

This very clean, secure, and cute Mossman home is ideally located near uptown and the heart of Albuquerque. Appliances are included which makes this gorgeous home move-in...

  • Beds 2
  • Baths 2.0

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$169,900

5906 Aspen Avenue NE, Albuquerque

Great UPTOWN brick home with remodeled Casita with kitchenette and new heater. Newer windows, New light fixtures, Newer kitchens & baths, with newer flooring and window t...

  • Beds 3
  • Baths 3.0

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$230,000

10024 Fairfax Court NW, Albuquerque

This charming single level brick home is evocative of an East Coast cottage! Set back from the street on a quiet cul-de-sac, it provides a sense of ultimate privacy yet i...

  • Beds 3
  • Baths 2.0

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.