Published 13 September 2018 The New Mexico Mortgage Finance Authority (MFA) has announced the release of HomeNow, which is a down-payment assistance loan available to lower-income, first-time homebuyers. HomeNow is a zero-percent interest rate loan that is non-amortizing, which means that there are no monthly payments required. According to Teri Baca, MFA homeownership representative, the
Read MorePublished 30 August 2018 A couple of years ago, the Las Cruces Police Department reported that three local families had fallen victim to rental fraud. In one case, a family who was relocating to Las Cruces from California was scammed out of $1,000 while trying to rent a home listed on Craigslist. Last year, a
Read MorePublished 23 August 2018 According to the National Association of Realtors 2017 Profile of Home Buyers and Sellers, the most difficult step in the homebuying process is saving for a down payment. HouseLogic.com, which is NAR’s site for homeowners, recently reported that the 20 percent down payment requirement is “one of the biggest misconceptions in home
Read MorePublished 16 August 2018 According to an Aug. 13 report from the Las Cruces Association of Realtors, local brokers sold 216 new and existing homes, townhomes and condominiums during July, bringing the total number of sales closed through the first seven months of the year to 1,247 units. Historically, an average of 57.9 percent of annual
Read MorePublished 10 August 2018 It was a beautiful day in Las Cruces. A first-time buyer was out shopping for her new home, and I mean brand-new. The buyer had already met with two builders that week (Let’s refer to them as builders A and B), and had just arrived at builder C’s model-home sales office.
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