New Mexico · Subsidized loan

MFA NextHome (New Mexico)

Below-market rate + DPA for repeat buyers

30-year fixed for repeat buyers with DPA. Not limited to first-time buyers.

MFA NextHome extends DPA to repeat buyers in New Mexico. The program recognizes that life changes can create renewed need for DPA regardless of previous ownership history.

AmountBelow-market rate + DPA for repeat buyers

TypeSubsidized loan

Available inNew Mexico

First-time buyer requiredNo

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

MFA FirstHome (New Mexico) Below-market rate + DPA available

New Mexico · Subsidized loan

MFA DPA (New Mexico) $8,000

New Mexico · Second mortgage

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