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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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$149,000

8730 EDITH Boulevard NE, Albuquerque

Property has use of irrigation ditch. Researching to see if owned or leased irrigation rights. Probably leased. Also getting determination about the ditch being only ac...

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$138,000

938 SE Ortiz Drive SE, Albuquerque

Cozy, well-loved 2 bedroom home in southeast Albuquerque. Gleaming original hardwood floors. Carpet in bedrooms and ceramic tile in the large kitchen/dining area. Ceilin...

  • Beds2
  • Baths1.0

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$145,000

520 Georgia Street SE, Albuquerque

Stunning updated home in cozy well established SE Heights neighborhood!! Beautifully updated kitchen, baths, living room, and family room; new stucco, windows, doors, pai...

  • Beds3
  • Baths2.0

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$168,000

5635 Amigo Way NE, Albuquerque

Delightful single story townhome in desirable Far NE Heights neighborhood near walking trails, parks and with a Sandia Mountain view from rear yard! Walk to Smiths Groce...

  • Beds2
  • Baths2.0

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$197,000

4809 HILTON Avenue NE, Albuquerque

What a gem! This home is a great central location to schools, shopping, quick freeway access and public transportation!Very well maintained. Entertain easily with two lar...

  • Beds3
  • Baths2.0

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$160,000

2906 GAULT Trail SW, Albuquerque

Wow! You won't want to miss this beautiful home, it's been kept up like new, it sits on one of the best upgraded larger lots in this wonderful gated subdivision which has...

  • Beds3
  • Baths3.0

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$147,900

3101 W MEADOW Drive SW, Albuquerque

This property really shines. This property is situated on a 1/3 of an acre, located on a cul-de-sac. The Kitchen overlooks the main living area with a gas log fireplace...

  • Beds3
  • Baths3.0

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$153,900

9014 Hendrix Road NE, Albuquerque

One of the Prettiest homes in the area! Lots of natural light and a great open floorplan make this home a great find! Newly updated kitchen is open to dining and large ...

  • Beds2
  • Baths3.0

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$174,899

5600 Carrick Street NW, Albuquerque

Well cared for by original Owner! Nearly $70K in recent updates & remodeling; composite deck, Mastercool A/C, sonowall stucco & block privacy wall. All bathrooms have be...

  • Beds3
  • Baths3.0

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$190,000

9500 Adina Lane, Albuquerque

Spectacular end lot in gated community with stunning Sandia Mountain & city views with no neighbors to the south! Large backyard fully contained for safety of pets and ch...

  • Beds3
  • Baths3.0

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$220,000

10521 REDBUD Street NW, Albuquerque

Beautiful upgraded colonial style home. Home features exceptional views, a large living area with custom wood burning fireplace, expansive kitchen, and dining area, upst...

  • Beds4
  • Baths3.0

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$189,900

8401 GLENDALE Avenue NE, Albuquerque

.44 acre home lot in North Albuquerque Acres located in the city limits. City water and sewer available in Glendale. Seller can complete required off site improvements. P...

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$144,900

1724 Glorieta Street NE, Albuquerque

Beautiful remodel on oversized corner lot! Updated windows, new stucco, all new flooring, remodeled baths, remodeled kitchen with new stainless steel appliances, fresh 2 ...

  • Beds3
  • Baths2.0

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$179,600

3430 Montclaire Drive NE, Albuquerque

Recent REMODEL...This 1992/Sq.ft., Home Provides 3-Large Bedrooms...Master at 18x16 w/Large Walk-In Closet & Spacious Full-Bath w/Double-Sinks * Large Living Room & Separ...

  • Beds3
  • Baths2.0

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$239,000

5108 Cordoniz Street NW, Albuquerque

Wonderful Home in Trinity Ranch. You are greated with a beautiful curved staircase upon entry to this amazingl home. Home features include, Huge gourmet kitchen, family ...

  • Beds4
  • Baths3.0

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$149,900

1714 Zickert Place NW, Albuquerque

Great investment property. Interior photos will be taken once work/repairs have been completed.*Possible Owner Financing with minimum of 10% down. Up to $1000 appliance a...

  • Beds4
  • Baths2.0

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$150,000

5405 Punta Alta Avenue NW, Albuquerque

Need lots of room? This expansive, one-owner home has a newer roof, carpet, vinyl windows, furnaces and coolers. The homey kitchen with breakfast bar overlooks the dining...

  • Beds4
  • Baths4.0

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$149,990

7501 Sombrillo Avenue SW, Albuquerque

Built by Abrazo the popular Amelia is close to completion. Features include full appliance kitchen package, washer&dryer, window coverings, energy efficient, ipad contro...

  • Beds3
  • Baths2.0

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$199,500

776 Jaconita Place SW, Albuquerque

Smart and Efficient, The Jacqueline plan built by Abrazo Homes is ready for move in. This newly completed home can be controlled by your smart phone and includes full ki...

  • Beds3
  • Baths3.0

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.