Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

MFA Loans with Zero Down: First Time Homebuyer Loan

  • Broadcast in Real Estate
Albuquerque Real Estate Show

Albuquerque Real Estate Show


Follow This Show

If you liked this show, you should follow Albuquerque Real Estate Show.

MFA loans with Zero down payment still exist for First Time Homebuyers. We'll be talking about details of the New Mexico Mortgage Finance Authority loan program (MFA loan) which makes it possible to purchase a house for zero down using only your $500 earnest money deposit. MFA loans are for moderate income families as well as lower income families, so of course some restrictions apply.

You can buy any home within your price range with this program, there are no neighborhood restrictions. Also, you can you use it with an FHA loan which means you can use a lower credit score to qualify.

Listen in and them contact Patsy Bailey, WestStar Mortgage, for more details. 

We hope you enjoy our broadcast today about the MFA loan for first time home buyers in New Mexico.