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Key Takeaways

  • 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…

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