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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

$160,000

7110 COPPER Avenue NE Unit # 7116, Albuquerque

Ideal for investors, well kept Four-Plex on Large Corner Lot of Copper and Alcazar. Across from state fair grounds. Each unit has its own private courtyard, newer applian...

  • Beds
  • Baths

233  ALCAZAR Street NE, Albuquerque NM 87108

$160,000

233 ALCAZAR Street NE, Albuquerque

Great Opportunity for Investors . Well Kept Four-Plex in NE. Walking Distance to State Fair Grounds ..Lots Of Potential Live in One And Rent The Others...

  • Beds
  • Baths

10701  VIRGO Street NW, Albuquerque NM 87114

$168,000

10701 VIRGO Street NW, Albuquerque

This beautiful home is priced to sell as is. Master bedroom has a spacious closet with large master bath featuring a walk-in shower, garden tub, and walk-in closet. The d...

  • Beds 3
  • Baths 2.0

10535  Monte Rosso Place NW, Albuquerque NM 87114

$147,900

10535 Monte Rosso Place NW, Albuquerque

Not a short sale. All new paint, new fixtures, new carpet, new stainless steel appliance package, vaulted ceilings, spacious master. Great backyard with storage shed t...

  • Beds 3
  • Baths 2.0

10724  MCMICHAEL Lane SW, Albuquerque NM 87121

$180,000

10724 MCMICHAEL Lane SW, Albuquerque

This one wont last this home is beautiful and has been well taken care of. . Pride of owner....Downstairs office area or possible 5th bedroom, Stunning wood staircase, s...

  • Beds 4
  • Baths 3.0

2112  HERMOSA CREEK Drive SW, Albuquerque NM 87121

$159,900

2112 HERMOSA CREEK Drive SW, Albuquerque

This is a huge 3000+sf home with brand new carpet, new paint and new stove. There are 2 large, open living areas, one with a cozy fireplace. While the formal dining room...

  • Beds 4
  • Baths 3.0

10209  Mesa Arriba Avenue NE, Albuquerque NM 87111

$155,000

10209 Mesa Arriba Avenue NE, Albuquerque

This is the one you have been waiting for! Located on a quiet street with easy care landscaping and RV access! Large open kitchen with cabinets galore and plenty of cou...

  • Beds 3
  • Baths 2.0

4316  BOONE Street NE, Albuquerque NM 87109

$185,000

4316 BOONE Street NE, Albuquerque

You will love this affordable and adorable Mock beauty. Original one owner family have lovingly taken care of this home, Great floor plan with 2 living areas.Cozy, wood ...

  • Beds 3
  • Baths 2.0

8313  Sprenger Drive NE, Albuquerque NM 87109

$250,000

8313 Sprenger Drive NE, Albuquerque

Sold as-is needs some TLC. Large home on corner lot has lots of room for extra vehicles,RV etc. Lots of storage space throughout. Could use master bedroom bath remodel, p...

  • Beds 4
  • Baths 3.0

$172,500

10815 Saltillo Street, Albuquerque

Welcome to this pleasantly quiet, environmentally friendly, and healthy home. Built by NM's own Green builder Paul Allen in 2009, it is a Certified Green Home. A few of ...

  • Beds 2
  • Baths 2.0

2612  Carol Street NE, Albuquerque NM 87112

$149,900

2612 Carol Street NE, Albuquerque

Quiet Sweet Adobe Style Bungalow located in the heart of Albuquerque & Convenient to everything. Family Room features Wood Floors, Decor Paint and a bright Sunny Front W...

  • Beds 3
  • Baths 2.0

6925  Cherry Hills Loop NE, Albuquerque NM 87111

$194,000

6925 Cherry Hills Loop NE, Albuquerque

Fabulous 1-Story home located in the desirable La Cueva High School cluster. Home features a spacious floorplan, courtyard, tile flooring, putting green and low maintena...

  • Beds 3
  • Baths 2.0

508  Deschutes Street SE, Albuquerque NM 87123

$179,000

508 Deschutes Street SE, Albuquerque

This single story home in desirable Mirabella has been updated. There is new tile flooring through out, new carpet in the bedrooms, new lighting and a dishwasher. It has ...

  • Beds 3
  • Baths 2.0

$219,500

6836 FRANTZ Drive NE, Albuquerque

Seller Financing possible. Owner/Broker will consider Real Estate Contract with good down payment for this 4 bedroom home. Great Location.

  • Beds 4
  • Baths 2.0

3708 3708 GLEN CANYON Road NE, Albuquerque NM 87111

$219,900

3708 3708 GLEN CANYON Road NE, Albuquerque

Wonderful Large Home 2 Living areas, new paint, stucco, front landscaping. Roof replaced 2006,Windows replaced 2009, Large kitchen with new counter tops, Multiple wa...

  • Beds 4
  • Baths 2.0

7505  Raymond Drive NE, Albuquerque NM 87109

$200,000

7505 Raymond Drive NE, Albuquerque

Great location across from Loma Del Norte park! 2 living areas, & 4 bedrooms! Spacious family room has a wood burning fireplace with custom tile hearth & mantle and opens...

  • Beds 4
  • Baths 2.0

4908  Burton Avenue SE, Albuquerque NM 87108

$200,000

4908 Burton Avenue SE, Albuquerque

None

  • Beds 4
  • Baths 2.0

1800  Wildwood Lane SW, Albuquerque NM 87105

$199,900

1800 Wildwood Lane SW, Albuquerque

Don't miss your opportunity to be the proud owner of this striking Pueblo style charmer!Favorably situated in a "close in" and mature Southwest neighborhood. The formal l...

  • Beds 3
  • Baths 2.0

10253  Las Casitas Court NE, Albuquerque NM 87111

$175,000

10253 Las Casitas Court NE, Albuquerque

NE Heights Charming Townhome Ready for New Owner. Private secure oasis and just updated. New carpet and paint in this great home. Enter living room and find high ceiling...

  • Beds 2
  • Baths 2.0

7401  Mayflower Road NE, Albuquerque NM 87109

$205,000

7401 Mayflower Road NE, Albuquerque

CURB APPEAL plus in a prime NE Heights area just minutes from shopping, major arterials, and an absolutely lovely neighborhood. Easy care landscaping with a BIG SHADE TR...

  • 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.