The NMWelcomeHome Team Real Estate Blog

Key Takeaways for NEXT Home

  • Borrower does not have to be a first-time homebuyer.
  • 3% grant from program does not have to be repaid.
  • Minimum $500 required from home buyer's fund.
  • Need to sell? Little equity? This will help fill that gap.

Key Takeaways for MFA Down Payment Assistance

  • Exclusively for first time home buyers.
  • Up to $8,000 down payment assistance.
  • Must contribute $500 of own funds.
  • Minimum credit score required.

You will need our expertise to help navigate this process. Call us today at (505) 886-1432 to talk to one of our Buyer Specialist. They will be the best to answer all your questions.

We can answer your mortgage questions!

 

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You must hurry as the real estate market is hot! Be the first to know and call one of our top Buyer Agents with The NMWelcomeHome Team! (505) 886-1432

Welcome to this incredible updated home located just 1.3 miles from The University of New Mexico and UNM Hospital! That is only a 4 minute drive. Recent updates include windows, landscaping in backyard, storage in back, paint, doors, soon to be installed roof & garage doors. This home will be available for showings middle of May 2019 but contact us now for more information (505) 886-1432.

1419 Calle Del Rancho For Sale

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Thinking about buying a home but concerned about your monthly mortgage payment? You might consider owning a multi-unit property. Most mortgage loans allow a borrower to own up to a 4 unit multi-family home and still take advantage of the lower down payment, 2nd home buyer programs or first time home buyer programs.  With the option to live in one and rent the others, it's possible that you could zero out your monthly mortgage payment. This not only makes it a great opportunity to reduce your cost to live but also sets you up for a future investment and an addition to your portfolio. 

As always you can call us at (505) 886-1432.

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The NMWelcomeHome Team is devoted to helping clients with possibly the biggest financial decision they may make in their lifetime. We aim to be a small, close knit, high producing team that focuses on customer care and showing value when buying or selling a home. Our goal is to constantly grow where our agents can create a sustainable and consistent business.

Our motto: We believe in helping each other for the greater good.

When you are ready to make one of the biggest financial decisions of your life please give us the opportunity to work for you.

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Highlights (the highlights are a comparison between December 2017 and December 2018)

  • the median detached home price rose 8.3 percent to $209,950
  • the average detached home price rose 6.9 percent to $246,348
  • overall inventory of detached homes for sale decreased  16.6 percent to 2,562
  • the number of closed sales for detached homes decreased 7.2 percent to 845
  • the number of detached homes going under contract rose 22.1 percent to 796

Click Here to Download Full Report

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Highlights (the highlights are a comparison between November 2017 and November 2018)

  • The median detached home price rose 3.6 percent to $207,000
  • The average detached home price rose 4.1 percent to $247,168
  • Overall inventory of detached homes for sale decreased 15.5 percent to 2,939
  • The number of closed sales for detached homes increased 7.3 percent to 896
  • The number of detached homes going under contract rose 17.1 percent to 912

Click Here to Download Full Report

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