First Time Buyer Albuquerque Mortgage Program – MFA

If you are a first time home buyer in the Albuquerque area and have limited funds to put down, I have a program called MFA and you can get into a home for as little as $500.  That’s right, $500 is all you will need to purchase a home.!!!!!!

 The requirements are that you cannot have owned a home (including a manufactured home on a permanent foundation) for the past three years, need to have a minimum credit score of 620 and your gross family income cannot  exceed  what is stated below for the Albuquerque area:

1-2 household members $60,300

3-6 household members $67,345

The maximum sales prices according to counties in New Mexico  are below:

Los Alamos                                         $342,585

Santa Fe                                               $384,750

San Juan                                              $253,125

All Others                                            $243,945

The first step to get qualified for this program, is to call me so we can get you pre qualified for this great Albuquerque mortgage loan for  first time home buyers.  It will take about 15 minutes  for me to get your information and pull your credit bureau.   I can  then let you know what sales price you qualify for!!!!!!!! I will let you know the paperwork I need from you, we will meet face to face to sign the mortgage application paperwork and then you can start looking for your new Albuquerque home with your realtor.

Take advantage of our Albuquerque First time home buyer mortgage today!