The popular first time home buyer program MFA (Mortgage Finance Authority) in Albuquerque and Rio rancho is decreasing the interest rate on the Mortgage Saver Program. This is a great option for anyone that has not owned a home in the last 3 years.

See below.

  Current Interest Rate New Interest Rate
Mortgage Saver - Gov't 3.250% No Change
Mortgage Saver - Conv 3.500% No Change
Mortgage Saver Zero - Gov't 3.750% 3.500%
Mortgage Saver Zero - Conv 4.000% 3.750%
Mortgage Saver Plus - Gov't 4.250% 4.000%
Mortgage Saver Plus - Conv 4.500% 4.250%

See homes that qualify for First Time Home Buyers (505) 886-1432 - Click Here

Posted by NMWelcomeHome Team Associates (505) 886-1432 on
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Question: My sister is a home owner but her husband (recently married) has never purchased a home, would he qualify for the First Time Home Buyer Program MFA?

Posted by Lynn on Tuesday, June 11th, 2013 at 11:28am

The husband would be ineligible since NMMFA requires a spouse to be an
applicant, therefore by definition NOT a 1st time home buyer. I have
confirmed this personally through the NMMFA today.
Dan Gutierrez - Gateway Mortgage

Posted by NMWelcomeHome Team Associates on Wednesday, June 12th, 2013 at 7:21pm

NMMFA is the FIrst Time Home Buyer Program and is the most popular.
Carlos Martinez - Team Leader

Posted by NMWelcomeHome Team Associates on Wednesday, June 12th, 2013 at 7:22pm

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