There are many great Albuquerque area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
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Most people think down payment and closing cost assistance is for lower income individuals. The truth is if you earn a moderate income, you may still be eligible for these benefits here in Albuquerque. There are a lot of different assistance packages available to those looking to buy a home:
- Payment$aver: If you qualify, you get a 'soft second' loan that has no interest rate and doesn't require monthly payments.
- Hero Program: Low- to moderate-income home buyers that are employed in specific occupations - such as teachers, safety workers, healthcare workers, and active armed forces members - can obtain 3% down payment assistance.
- Mortgage$aver: Allows first-time home buyers to secure affordable mortgage loans.
- Helping Hands: Aids individuals with disabilities.
- Rio Rancho: Community development block grant allows down payment and closing cost assistance in Rio Rancho - up to 50% down payment and closing costs may be covered up to $5000.
- Greater Albuquerque Housing Partnership: Currently, four neighborhoods in the Albuquerque area are eligible for assistance.