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For example, on a $200,000 home, the minimum down payment a home buyer would need to bring to closing is $7,000.
Fortunately for New Mexico residents, the State has a housing program that can provide the down payment behalf of home buyers who qualify. MFA (New Mexico Mortgage Finance Authority) is a public entity that provides mortgage financing to low-income to moderate-income New Mexico residents.
For more information, qualification and income requirements, contact us today.
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