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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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$167,900

9032 Violet Orchid Trail SW, Albuquerque

Beautiful home ready for your family. Enjoy this 2 story home in lovely gated community across the street from park. Large bedrooms, Master is Huge. Open kitchen light an...

  • Beds 4
  • Baths 3.0

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$228,900

1928 Bold Ruler Street SE, Albuquerque

Great opportunity, four bedroom with loft, living room with gas log fireplace, large kitchen with an island, spacious master bedroom. Conveniently located close to I-40 a...

  • Beds 4
  • Baths 4.0

10637  Antler Tool Road SW, Albuquerque NM 87121

$149,900

10637 Antler Tool Road SW, Albuquerque

Beautiful single story home. Enjoy this 3 bedroom 2 bath beauty,Open floor plan light and bright. Great room open to kitchen soaring ceilings add to this homes character....

  • Beds 3
  • Baths 2.0

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$149,900

9516 TOUCAN Place NW, Albuquerque

Raylee Pueblo**Short Sale Allow Time On All Offers**3 Bedrooms**2 Full Baths/Master Jetted Tub/Separate Shower/Walkin Closet**Familyroom/Kiva Fireplace**Diningroom**Count...

  • Beds 3
  • Baths 2.0

3630  Cameo Drive SW, Albuquerque NM 87105

$140,000

3630 Cameo Drive SW, Albuquerque

Lots of Room in this two story home. Situated next to a park, Home features a Family Room, Living Room PLUS an upstairs Loft (approx 13' x 12'), Three Bedrooms and a For...

  • Beds 3
  • Baths 3.0

9516  ARVADA Avenue NE, Albuquerque NM 87112

$139,900

9516 ARVADA Avenue NE, Albuquerque

Price reduced on this charming Snowheights home on private corner lot. Family Living area with newer carpet and separate Den. Three nice size bedrooms, ceiling fans, Upda...

  • Beds 3
  • Baths 2.0

5312  Calle Alegre  NW, Albuquerque NM 87120

$181,500

5312 Calle Alegre NW, Albuquerque

Wow! PRICED REDUCED TO SELL FAST AND $500 DOWN PROGRAM AVAILABLE!!! Beautiful 3/2 1847sqft remodeled home priced to sell fast! Nestled in desirable Volcano Vista district...

  • Beds 3
  • Baths 2.0

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$158,700

10372 Vendaval Avenue NW, Albuquerque

Open floor plan, southwest accents, ceramic tile, spacious kitchen with plenty of cabinet space and breakfast bar plus a separate dining area, landscaped front yard, larg...

  • Beds 3
  • Baths 2.0

4809  Spanish Sun Avenue NE, Albuquerque NM 87110

$155,000

4809 Spanish Sun Avenue NE, Albuquerque

Beautiful southwestern townhome centrally located off of Montgomery & San Mateo - close to shopping & business districts! A kiva fireplace & laminate flooring welcome you...

  • Beds 3
  • Baths 3.0

824  Tony Sanchez Drive SE, Albuquerque NM 87123

$179,900

824 Tony Sanchez Drive SE, Albuquerque

Great home original owner. New carpet shows very well. Great room has inviting Kiva Fireplace. 2 dining areas. open kitchen light and bright. spacious master suite with ...

  • Beds 3
  • Baths 2.0

10601  COVERT Lane SW, Albuquerque NM 87121

$134,900

10601 COVERT Lane SW, Albuquerque

Nicely maintained home in the gated Anderson Heights community. Landscaped front and back and low maintenance on a spacious corner lot. This home is like new and move in ...

  • Beds 3
  • Baths 3.0

10805  FAIRBANKS Road NE, Albuquerque NM 87112

$182,000

10805 FAIRBANKS Road NE, Albuquerque

Immaculately maintained home in the Eldorado HS district. Fresh paint inside and out, new high end evaporative cooler and large 1/4 acre lot. Backyard access with covered...

  • Beds 3
  • Baths 2.0

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$177,000

10401 Calle Dichoso Court NW, Albuquerque

Beautiful single story DR Horton in Ventana Ranch on an oversized corner lot. This lovely home features lots of updates including new laminate flooring, new tile, new car...

  • Beds 3
  • Baths 2.0

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$135,000

1419 1419 NEETSIE Drive SW, Albuquerque

Cute, Charming, Adorable---all describe this lovely South Valley Home! Affordable home featuring a Great Room, Eat In Kitchen, Large Master, all on a large lot! Garden a...

  • Beds 2
  • Baths 1.0

6109  Thais Street NW, Albuquerque NM 87114

$178,000

6109 Thais Street NW, Albuquerque

: Open House Oct. 11th 2-4 PM. Spectacular opportunity!! Immaculate 3bd, 1 3/4 bath home has open floorplan and tons of upgrades including: granite on the countertops thr...

  • Beds 3
  • Baths 2.0

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$180,000

816 Washington Street NE, Albuquerque

BACK ON THE MARKET! INSPECTIONS COMPLETED! NEW WINDOWS!!! HARDWOOD FLOORING! UPGRADED ELECTRICAL!!! AMPLE OFF STREET PARKING! RV PARKING AREA! Wonderful location, close t...

  • Beds 2
  • Baths 2.0

11621  Constitution Avenue NE, Albuquerque NM 87112

$135,000

11621 Constitution Avenue NE, Albuquerque

Wonderful home in Bellamah Subdivision*Ideal location for shopping, schools, freeway access, public transportation*Home has been remodeled with updates galore*Front yard ...

  • Beds 3
  • Baths 1.0

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$165,000

7239 Jalisco Road NW, Albuquerque

Location, close enough to Paseo del Norte to be convenient but not to close to be annoying. This home has a nice floorplan with the front door at the front of the house,...

  • 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.