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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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$225,000

Corona Avenue, Albuquerque

Craft your custom dream home on this premium lot! Yes, there are less expensive lots on the market, but few nicer. Lifts up to commanding hilltop for incredible mountain...

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$200,000

Valente Road NW, Albuquerque

Part of S.A.d.228. Secluded view lot overlookink city ,Sandias,Sangro De Christo mtn. areas. Lot adjoins wilderness area on east side.

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$200,000

Valente Road NW, Albuquerque

Part of S.A.D.228.Secluded view lot overlooking city,Sandias,Sagro De Christo mtn.areas.Wilderness area east of lot.

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$228,500

614 MADISON Street SE, Albuquerque

Wonderful! Charming! Totally renovated

  • Beds3
  • Baths1.0

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$154,900

2335 Maiden Grass Road NW, Albuquerque

LOCATION is everything!! Easy on and off I-40!! This turn-key home has gorgeous light coming in from everywhere! The ceilings are SUPER high and create a BRIGHT and AIRY ...

  • Beds3
  • Baths3.0

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$145,000

4115 Sunland Circle NW, Albuquerque

Lovely & quiet North Valley neighborhood. Good sized house with large rooms. Estate sale, no repairs, sold as is.Call listing agent for showing instructions 250 2885.

  • Beds3
  • Baths2.0

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$235,000

356 Terra Vista Trail SE, Albuquerque

THE REAL DEAL! Premium original one owner pride of ownership- this outstanding custom home is the total package offering a gated, secure community, incredible oversized v...

  • Beds3
  • Baths3.0

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$193,500

632 Painted Sky Place NW, Albuquerque

This one is move in ready! As you walk into this wonderful open concept floor plan, you will immediately feel the welcoming vibe of this charming home. In a great central...

  • Beds3
  • Baths2.0

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$220,000

6320 DRISCOLL Avenue NE, Albuquerque

Fantastic Home in a Pretty Neighborhood Offers 2 Separate Living Areas, Remodeled Kitchen with Beautiful Granite Counter tops and Breakfast Nook Which Shares a 3-Sided Wo...

  • Beds4
  • Baths2.0

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$159,900

7312 Triana Place NW, Albuquerque

Beautiful Single Story Ideally Located In Ventana Ranch! Great Open Floorplan Features: Kitchen W/Upgraded Tile Accents & Brkfst Bar, Formal Dining, Living Room W/Incredi...

  • Beds3
  • Baths2.0

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$207,900

10411 Griffon Drive NW, Albuquerque

Finally...the one you have been waiting for! Walk in and feel the warmth this home has to offer. Wonderful open floor plan with an abundance of natural lighting througho...

  • Beds4
  • Baths3.0

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$180,000

6848 FRANTZ Drive NE, Albuquerque

This single owner Woodbrothers home has been taken care of meticulously. As you enter this home an open and bright living room and dining room greet you. They are a great...

  • Beds3
  • Baths2.0

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$156,000

7604 Rockwood Road SW, Albuquerque

WOW... don't miss this one! Plenty of room to grow in this great 4 bedroom floor-plan with vaulted ceilings and plant ledges. Master bedroom has plenty of space. Newer ca...

  • Beds4
  • Baths2.0

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$228,000

10416 MALAGUENA Lane NE, Albuquerque

WHAT A FABULOUS HOME THIS ONE IS! There is an enchanting front court yard that is landscaped and extremely private and welcomes you to this wonderful livable home. Very ...

  • Beds3
  • Baths2.0

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$209,900

3805 Don Juan Court NW, Albuquerque

Your North Valley Home is Ready! Let's start with the updated kitchen, cabinetry, granite counters, backsplash and nook! The large living room is graced by a fabulous woo...

  • Beds2
  • Baths2.0

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$217,000

4816 SUMMERSVILLE Drive NW, Albuquerque

This gorgeous brick home is nestled in a quiet neighborhood on the West side of Albuquerque. You'll appreciate the convenient location; close to malls, recreation, restau...

  • Beds4
  • Baths2.0

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$199,000

7316 STARWOOD Drive NW, Albuquerque

tunning 4 Bedroom home featuring, Cherry Wood floors, 16 inch tiles, Maple Cabinets, Refrigerated Air and Raised Ceilings. 2 Living Rooms for Entertaining plus loft for O...

  • Beds4
  • Baths3.0

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$209,900

7027 SENDERO Road NW, Albuquerque

Great home ready for your family. Kitchen opens to family room cozy fireplace with laminate wood floors. Formal dining room and formal living room. Large Office 3 bedroom...

  • Beds3
  • Baths2.0

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$139,900

4101 10Th Street NW, Albuquerque

This property has a great location. The property is situated on a corner lot. The kitchen overlooks the main living area with great sunlight. There are stained concret...

  • Beds2
  • Baths2.0

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$149,900

2805 PORTO Street SW, Albuquerque

Functional and Spacious Floor Plan, Home Needs TLC.but has Potential to Turn into a Beauty. Appliances and Carpet missing in the lower level bedroom. Short sale is in ...

  • Beds4
  • Baths4.0

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.