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Mortgage Programs

MFA's mortgage programs provide homebuyers with down payment and closing cost assistance as well as competitive interest-rate mortgage loans. An MFA participating lender will help you determine which program is best for you. You can find a list of participating lenders by clicking the link on the menu bar to the left. 


A mortgage loan for individuals or families who are buying a home for the very first time.
FIRSTHome Description
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A second mortgage loan  with a low interest rate that helps first-time homebuyers with down payment and closing costs.
FIRSTDown Description
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A mortgage loan for non-first-time homebuyers who are purchasing their next home. NEXTHome is also available for first time homebuyers, if a lender determines that it best suits their needs. 
NEXTHome Description
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A second mortgage loan that provides down payment and closing cost assistance for first-time homebuyers with lower incomes.  
HOMENow Description
Download a factsheet

For more information about any of MFA's homebuyer programs, please contact a homeownership representative at 505.843.6881 or send an email to 

Fact Sheets

MFA Non-Fillable Fact Sheets

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MFA Fillable Fact Sheets

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Current Rates

Current interest rates

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Sign up to receive text notifications when mortgage rates change

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Mortgage Calculator

Use a mortgage calculator to find out what price home you can afford using a FHA or Conventional loan and how much your payments will be. 

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