- Borrower does not have to be a first-time homebuyer.
- 3% grant from program does not have to be repaid.
- Minimum $500 required from homebuyer's fund.
- Need to sell? Little equity? This will help fill that gap.
Tell me more about NEXT Home
Now you can buy your NEXT Home with the same benefits as a first-time home buyer!
NEXT Home is available in New Mexico through the Mortgage Finance Authority (MFA) for NON first time home buyers. It is a combination down payment assistance grant, that does not have to be repaid and a first mortgage loan. We work and sell homes in the Albuquerque and Rio Rancho area.
The NEXT Home grant is 3% of the first mortgage loan amount. The grant may be used for closing costs, pre-paids…