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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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$199,500

316 GROVE Street NE, Albuquerque

Nicely maintained, all 2-bedroom units. Recent roof, newer cabinets, kitchen counters, sinks, faucets, vanities, flooring, newer double pane vinyl ow E windows, exterior ...

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$150,000

6008 Costa Brava Avenue NW, Albuquerque

BACK ON THE MARKET. SALE FELL THROUGH.This lovely home is ready for immediate occupancy. REAL WOOD FLOORING! Inspection Completed! 4 Bedrooms, POSSIBLE INLAW QUARTER, ...

  • Beds4
  • Baths2.0

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$140,000

4517 8Th Street NW, Albuquerque

Attention Investors. Two homes in good condition. An immediate money-maker. Front house has 2bedroom-1bath and back house is 1bedroom-1bath. Easy to rent. Newer heate...

  • Beds3
  • Baths2.0

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$139,900

7308 Krista Drive NE, Albuquerque

Excellent Price! Come Take A Look! This Home Features 3 Spacious Bedrooms, 2 Bathrooms, 2 Car Garage, Easy Access To Everything. Home Needs Some Work But What Great Sweat...

  • Beds3
  • Baths2.0

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$229,000

1721 ROSS Place SE, Albuquerque

Charming Ridgecrest classic on large corner lot with many upgrades. Two living areas unusual in this style; large kitchen with separate dining room; 3 bedrooms and two fu...

  • Beds3
  • Baths2.0

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$156,900

5820 Painted Pony Drive NW, Albuquerque

New carpet & paint, all appliances stay including washer/dryer. This home is ready to move into. Large living room with brick fireplace & ceiling fan. Family room/dining ...

  • Beds3
  • Baths2.0

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$149,900

6112 Mossman Place, Albuquerque

Cute as a bug Mossman on a cul-de-sac ready for you. Hardwood floors, 3 or 4 bedrooms, bright open floor plan with a generous backyard and front courtyard filled with flo...

  • Beds3
  • Baths2.0

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$200,900

5416 Arabian Drive NW, Albuquerque

This homes is nested in the NWSaddle Bridge community and includes many amenities such as RV pad, backyard access, open kitchen with breakfast bar, separate dining room a...

  • Beds3
  • Baths2.0

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$200,000

175 MONTE ALTO Place NE, Albuquerque

Awesome investment, recently remodeled completely. Everything replaced - doors, windows, roof repaired, etc. Owner started renting the units and then... life happened! P...

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$225,000

Modesto Avenue, Albuquerque

Owner Financing Available!! North Albuquerque Acres Lot for sale! Build your dream home to capture all the wonderful views from this lot!! This .89 acre lot is mostly fla...

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$165,000

11024 Fort Point Lane NW Unit UNIT B, Albuquerque

Spacious 3 bdrm 3 bath Condo!! In great condition!! Move IN Ready!! Open concept floor plan with tons of extras!! Updated Fixtures, Laminate Wood Flooring,Updated Light F...

  • Beds3
  • Baths3.0

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$164,000

1416 Hermosa Drive SE, Albuquerque

Charming Updated Sunny 3 bedroom, 1.75 bath home near Base & UNM. GORGEOUS newly refinished hardwood floors in Livingrm, 3 bedrms, hallway and utility rm. Livingrm firepl...

  • Beds3
  • Baths2.0

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$159,900

4621 Periwinkle Court NW, Albuquerque

This home is move-in ready! Paint, laminate flooring and tile recently completed. Newer furnace, water heater and roof. Nothing else to do but move in. Covered patio in t...

  • Beds3
  • Baths2.0

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$135,000

7708 Autumn Canyon Road, Albuquerque

Mountain views and plenty of sunshine in the fall and winter. Plenty of shade and privacy in the spring and summer. Move-in ready with brand new appliances, counters, flo...

  • Beds3
  • Baths2.0

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$245,000

5209 Tierra Amada Street NW, Albuquerque

Charming niche neighborhood with cul-de-sac and lovely park.Former model for Maxwell Homes.Home sits high on the bluff with beautiful views of the Sandia mountains. Court...

  • Beds3
  • Baths3.0

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$213,000

13016 Nandina Way SE, Albuquerque

Newer light-filled detached patio home in serene, peaceful Hidden Valley. Open floor plan is spacious and inviting with views of the mountains, gas-log fireplace, and a ...

  • Beds3
  • Baths2.0

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$250,000

5555 EVERITT Road NW, Albuquerque

Fabulous 3 Bed 2 Bath Home conveniently located on the Westside of Albuquerque. Custom features; Carved Adobe Perimeter Wall w/Automatic Driveway Gate, Hand Milled Hardwo...

  • Beds3
  • Baths2.0

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$193,724

5116 Willow Creek Place, Albuquerque

OPEN HOUSE Saturday 1/31/15 11am-1pm! Come out and see this beautiful property! Wonderful one story custom home in a great neighborhood! Quiet cul de sac! This custom...

  • Beds3
  • Baths2.0

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$250,000

6319 QUEMADO Drive NE, Albuquerque

Beautiful Mossman Patio home in great Bear Canyon neighborhood. Walk to Whole Foods, Albuquerque Academy, JCC and close to Golf, Shopping and everything else. Excellent ...

  • Beds2
  • Baths2.0

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$147,000

7959 Kyle Road, Albuquerque

Adorable house in excellent condition in a quiet neighborhood with fast access to I-40. Spacious kitchen, updated fixtures, new refrigerated air. Spacious master bedroom,...

  • Beds2
  • Baths2.0

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.