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NM MFA re-opens housing cost assistance applications

.... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ALBUQUERQUE, N.M. New Mexico Mortgage Finance Authority has opened another round of applications for its COVID-19 Housing Cost Assistance Program. The program offers grants to cover housing costs for households that have been impacted by the COVID-19 pandemic, according to a news release from MFA. Applicants aren’t required to be delinquent on their rent or mortgage payments to qualify this time out, but they must certify that they have had a pandemic-related hardship. The cost assistance program is available to households earning 80% or less of their area’s median income and to households of all incomes that live on tribal lands in New Mexico, according to the release.

First-time homebuyer programs in all 50 states and Washington DC

Connecticut The Connecticut Housing Finance Authority gives loans for down payment assistance. You must borrow at least $3,000, but you can t borrow more than the minimum down payment for your home. You might find assistance specific to where you live through the Housing Development Fund. Delaware You can receive 2% to 5% of your mortgage amount as a loan from the Delaware State Housing Authority, and put that loan toward a down payment or closing costs. You won t pay interest, and you ll pay back the loan when you move, refinance, or pay off your mortgage. You can also get up to $2,000 per year in tax credits.

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