MFA | Gary Sandler

  • Gary Sandler
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    Published 16 November 2019 LAS CRUCES – Determining how much home you can buy before hopping into the car and embarking on loan and house shopping sprees is a very good idea. In addition to uncovering the extent of your buying power, you’ll learn enough about the qualifying process to successfully negotiate with lenders for

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  • Gary Sandler
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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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  • Gary Sandler
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    Published 20 January 2019 The New Mexico Mortgage Finance Authority recently announced the launch of a new loan option for current homeowners wishing to purchase their next primary residence. The NextHome/NextDown program provides a fully forgivable second mortgage that allows move-up buyers to purchase a new or existing single-family home, townhome, condominium or doublewide or

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  • Gary Sandler
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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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  • Gary Sandler
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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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  • Gary Sandler
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    Published 16 February 2018 LAS CRUCES – The New Mexico Mortgage Finance Authority served more first-time and non-first-time home buyers in 2017 than in any other year on record, according to MFA Homeownership Representative Teri Baca. MFA was created by the state legislature in 1975 and has provided mortgage loans and down payment assistance to more

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