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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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$136,500

6800 Vista Del Norte Road NE Unit APT 311, Albuquerque

This AMAZING ground floor condo is tastefully updated and has been meticulously maintained. Located in popular Rancho Mirage. Tiled entry greats you as you enter this bea...

  • Beds 3
  • Baths 2.0

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$159,900

10909 TOMATILLO SE, Albuquerque

Popular Longford floorplan in a gated community with great access to the Airforce Base, Sandia Labs, shopping, schools, freeway and an awesome community ctr nearby. Prop...

  • Beds 5
  • Baths 3.0

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$184,900

1056 Betts Street NE, Albuquerque

New Construction....back's Elementary School. Custom open floor plan featuring great room, kitchen w/completed appliance package. Tile floors throughout with exception to...

  • Beds 3
  • Baths 2.0

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$175,000

520 Tyler Road NW, Albuquerque

Serenity in the North Valley. Located on .50 acre, with RV access, and electric hook up.Roof replaced in 2013. New interior, exterior paint. Carpet one year old. Country ...

  • Beds 3
  • Baths 2.0

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$225,000

7812 Republic Drive NE, Albuquerque

Wonderful great room concept. Breakfast nook in kitchen. Window box for your flowers. Sunroom perfect to relax and enjoy the quiet park-like setting. Enjoy the fireplace ...

  • Beds 3
  • Baths 2.0

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$219,000

1932 Dartmouth Drive NE, Albuquerque

Tucked away low maintenance private townhome at end of street. Dramatic 2-story ceiling height in living area w/fireplace and bar overlooking tiled galley kitchen and eat...

  • Beds 2
  • Baths 2.0

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$215,000

8701 Sawgrass Place NW, Albuquerque

Well cared for house, newly painted, and move in ready!! 4 Bedrooms, Office/Hobby Room, and Loft gives plenty of space to entertain! Close to schools and neighborhood par...

  • Beds 4
  • Baths 3.0

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$149,000

11200 Prospect Avenue NE, Albuquerque

Great country kitchen with eating bar, two living areas with fireplaces, master has large walk in closet, sunroom passive solar heats entire house in winter, sitting room...

  • Beds 3
  • Baths 2.0

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$185,000

0 Modesto Avenue, Albuquerque

Great building site with views, mostly flat, rare find!

  • Beds
  • Baths

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$187,900

915 Molten Place NW, Albuquerque

Move-In Ready! 915 Molten Pl NW in Albuquerque features 3 bedrooms, 2 full baths, and a 2 car finished garage. Tile floors, cathedral ceilings, natural light and an open ...

  • Beds 3
  • Baths 2.0

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$249,900

8113 LOMA DEL NORTE Road NE, Albuquerque

Stunning updates on this move in ready Far Northeast beauty! Get the neighborhood you want without having to remodel! Wonderful open concept floor plan with 4 bedrooms + ...

  • Beds 4
  • Baths 2.0

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$219,900

6924 Kayser Mill Road NW, Albuquerque

Welcome to this great property. The entry leads you into the main living area with great sunlight and a fireplace and access to the backyard. The kitchen overlooks the ...

  • Beds 5
  • Baths 4.0

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$249,000

3789 Candelarias Lane NW, Albuquerque

Beautiful, spacious, and warm 4 bedroom, 2 1/2 bathroom territorial style pueblo home located in a private gated community in the north valley. Open floor plan with high ...

  • Beds 4
  • Baths 3.0

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$190,000

3731 CANDELARIAS Lane NW, Albuquerque

Charming North Valley Home located in a Gated Community!Fabulous Authentic Beams and Vigas, gorgeous Tile flooring throughout, special touches including Nichos, Bar aroun...

  • Beds 3
  • Baths 2.0

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$202,000

614 Solano Drive SE, Albuquerque

Charming house, newly remodeled kitchen, hardwood floors, central heat, no carpets. Walking distance to Central and Carlisle. Very close to UNM and CNM, 5 min from the ai...

  • Beds 2
  • Baths 1.0

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$159,000

2601 Hiawatha Drive NE, Albuquerque

Great bones for the handy person that wants to update this home to their tastes! This home has been a well-maintained rental for 13 years but needs carpet, paint and som...

  • Beds 3
  • Baths 2.0

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$207,900

5617 KNIGHT Road NE, Albuquerque

Charming front courtyard with covered porch welcomes you to this single level custom Town Home, capturing a gorgeous view of the Sandia Mountain. Conveniently located in ...

  • Beds 3
  • Baths 2.0

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$143,000

10401 Bellamah Avenue NE, Albuquerque

Great opportunity to own this home which is conveniently located to schools, shopping and highway access. Features include sought after corner lot, open, bright kitchen,...

  • Beds 3
  • Baths 2.0

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$249,900

6156 Agate Avenue NW, Albuquerque

The best of all worlds! Breathtaking city and mountain views + stunning bright & open floor plan + immaculate updating = living at its best. This floor plan encompasses 3...

  • Beds 3
  • Baths 3.0

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.