New Mexico Mortgage Finance Authority Find A Lender
The New Mexico Mortgage Finance Authority (MFA) is a quasi-public entity that provides financing for housing and other related services to low- to moderate-income New Mexicans. As the state’s official housing agency, MFA administers more than 35 programs that finance housing for the homeless, develop new affordable housing, and help families become first-time homeowners. MFA partners with lenders, realtors, non-profit, local governments and developers throughout the state to make its programs available to all eligible New Mexicans.
The MFA administers 37 state and federal programs that include low-interest mortgage loans and down payment assistance, weatherization, green building and rehabilitation, and tax credit programs. In calendar year 2010, the MFA provided more than $300 million in low-interest financing, grants and non-financial support for affordable housing and related services including:
- $152 million for 1,200 first-time home buyer loans and down payment assistance
- $19.7 million for housing rehabilitation and weatherization for 4,000 homeowners
- $95 million for the development of 1,235 rental and home-ownership units
- $23.6 million in rental assistance payments for 5,318 apartments occupied by low- income families
- $5.1 million for 13,900 homeless and "precariously housed" individuals
For more information on the New Mexico Mortgage Finance Authority, click here!