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
Read MorePublished 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
Read MorePublished 21 April 2017 LAS CRUCES — The New Mexico Mortgage Finance Authority is best known for providing mortgages and down payment assistance to first-time buyers. They do much more than that, however. In addition to also providing tax credits and other financing for the development of affordable rental housing, they likewise offer special financing
Read MorePublished 10 March 2017 LAS CRUCES – The New Mexico Mortgage Finance Authority served more first-time and non-first-time home buyers in FY 2016 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
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