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Jun 23, 2019 Single female homebuyers outnumber male counterpartsPublished 23 June 2019 According to the National Association of Realtors 2018 profile of home buyers and sellers released last October, single women homebuyers outnumbered single male homebuyers by 2 to 1. While that’s undoubtedly a major milestone, there was a time when it was nearly impossible for female homebuyers obtain home mortgages on their
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Published 1 May 2019 The New Mexico Mortgage Finance Authority (MFA) is best known for providing mortgages and down payment assistance to first-time homebuyers. They do much more than that, however. In addition to also providing tax credits and financing for the development of affordable rental housing, they likewise offer special financing for buyers who
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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
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Published 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
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Published 19 January 2018 LAS CRUCES – Which is the better choice: Purchasing an entry-level home now utilizing your current income, or waiting to purchase your dream home when your income is noticeably higher two years from now? That’s the dilemma a Las Cruces elementary school teacher is facing at this very moment. Since our
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Published 29 September 2017 LAS CRUCES – First-time buyers drive the housing market. Think of it as the trickle-up theory. First-timers buy the homes of the first-time buyers who preceded them, who in turn move up to larger and more expensive homes. In annual surveys dating back to 1981, the National Association of Realtors reported that an average
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