First Time Homebuyers have the opportunity of a life time!
Tuesday, March 31, 2009
State Offers Assistance To First-Time Homebuyers
Associated Press
SANTA FE — First-time homebuyers can find new financial assistance from the state and federal government. Gov. Bill Richardson and the New Mexico Mortgage Finance Authority today announced a loan program that will help lower- and middle-income New Mexicans make a down payment in buying their first house.
The program takes advantage of a tax credit that was created as part of the federal economic stimulus package. First-time homebuyers can get a federal tax credit of 10 percent of the purchase price of a home, up to $8,000.
The finance authority will provide a no-interest loan up to $6,500 for a down payment and individuals can use their federal tax credit to pay off the loan.
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2 Responses to No Excuse Not To Buy a Home
Need some help , first time home buyer with little or no down payment. Can you help us?
Posted by Dominic Chavez on Monday, July 28th, 2014 at 7:12pmYes Dominic. There are various loan programs that can help you. Please call us at (505) 923-4691 for more information on those programs.
Posted by NMWelcomeHome Team Associates on Wednesday, July 30th, 2014 at 10:46amLeave A Comment