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Program Information

First Home & First Down

First Home is MFA's primary first-time homebuyer program; available to individuals or families.  The First Down is a second loan to help first-time homebuyers with minimum down payment and closing costs.
Sample Forms | Manuals & Policies | Checklists | First Home & First Down Fact Sheet

Home Now

HomeNow is a second mortgage available to first-time homebuyers with income at or below 80% AMI. The program provides the lesser of 8% of the sales price or $8,000 that can be used to finance the minimum down payment and closing costs. This loan has a zero-percent interest rate and is non-amortizing. HomeNow loans may be forgiven after 10 years provided that the borrower satisfies certain requirements. See complete details in the Program Policy.
Sample Forms | Manuals & Policies | Checklists | Job Aid

Next Home

Non first-time homebuyer program; has a single statewide qualifying income limit and purchase price limit. Next Home includes a 3 percent grant for down payment and closing costs assistance.
Sample Forms | Manuals & Policies | Checklists | Fact Sheet

HFA Preferred Conventional Loan Program

Loans up to 97 percent of loan-to-value ratio; low mortgage insurance coverage requirements. Ideal for first time homebuyers who need extra flexibility on credit and income sources and assistance with down payment and closing costs.
Manuals & Policies | Checklists

Other Lender Resources

I want to be an approved MFA lender.

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Lender and Realtor FAQs

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Program manuals and policies

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MFA's housing counseling partners 

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Lender Memos

If you missed a lender memo, we've got it here.

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