Housing and foreclosure assistance from New New Mexico Mortgage Finance Authority.
A number of housing and mortgage programs are administered by the New Mexico Mortgage Finance Authority. Their primary goal is to help low to moderate income people either get into a home, and also keep one. So they offer first time homebuyer programs, free foreclosure prevention, credit counseling, and all the other services that it takes to meet those goals.
Free or low cost foreclosure counseling
Several different non-profit organizations partner with New Mexico Mortgage Finance Authority in order to help homeowners either stop or foreclosure, or to help them get back on track with their home loan payments. The non-profits include.
Southwestern Regional Housing and Community Development Corporation
109 E. Pine St., Suite 5, Deming, NM 88030, phone 575-546-4181
Counties Served by this New Mexico agency include: Catron, Dona Ana, Grant, Hildalgo, Lincoln, Luna, Otero, Sierra and Socorro.
Southwest Neighborhood Housing Services
4605 Fourth St. NW, Albuquerque, NM 87107, phone 505-243-5511
New Mexico Counties Served: Bernalillo, Cibola, McKinley, Rio Arriba, San Juan, Sandoval, Taos, Torrance and Valencia.
Tierra del Sol Housing Corporation
210 E. Idaho Ave., Suite B, Las Cruces, NM 88021, dial 575-541-0477
Counties Served: Chaves, Dona Ana, Eddy, Lea and Otero
United South Broadway Corporation
1500 Walter SE, Room 202, Albuquerque, NM 87125, phone number 505-764-8867
New Mexico Counties Served: Bernalillo, Colfax, Curry, De Baca, Guadalupe, Harding, Los Alamos, Mora, Quay, Roosevelt, San Miguel, Santa Fe and Union.
Mortgage, rent, utility bill assistance
The agency also administers a more general housing program, which can help with everything from mortgage payments, to utilities, to rent. This assistance is provided as part of the ARRA Homelessness Prevention and Rapid Rehousing Program. A number of local charities and non-profits across New Mexico accept applications and run the program at the local town, city, and county level. This general housing can even include finding temporary shelters and housing for individuals if they have no other options available to them. Find your county in New Mexico below, as well as the agency to call for mortgage help, or information on the ARRA Homelessness Prevention and Rapid Re-Housing Program.
- Bernalillo, Catholic Charities, (505)724-4615
- Catron, Referral line is 505-245-1735
- Chaves, Curry, Lea, Roosevelt, Eastern Regional Housing Authority, (575) 309-1149
- Cibola, McKinley, Gallup Housing Authority, (505)722-4388
- Colfax, Harding, Taos, Union, The Life Link, (505)438-0010
- De Baca, Eddy, Lincoln, Otero, Quay, Sierra, Tierra Del Sol Housing Corporation, (575)541-0477
- Grant, Western Regional Housing Authority, (575)388-1974 x14
- Guadalupe, Mora, The Life Link, (505)438-0010
- Hidalgo, Referral line for housing programs is 505-245-1735
- Los Alamos, Los Alamos Family Council, (505)662-3264
- Luna, Western Regional Housing Authority, (575)546-6544
- Rio Arriba, Crisis Center of Northern New Mexico, (505)753-1656
- Sandoval, Southwest Neighborhood Housing Services, (505)243-5511
- San Juan, San Juan County Partnership, (505)325-4890
- Santa Fe, Socorro, Torrance, Valencia, The Life Link, (505)438-0010
- San Miguel County residents can call 505-245-1735
Additional housing programs from New Mexico Mortgage Finance Authority
The two that are most frequency in demand are listed above, and they are the mortgage assistance and foreclosure prevention services and counseling offered to the low to moderate income. However, that is not all that the NM Finance Authority does.
Repairs to homes - Low income homeowners can get rates or very low interest rate loans. The program basically provides assistance to low to moderate income homeowners who lack the funds to make improvements or repair their own homes. It can provide energy related improvements and other aid to ensure the home is safe to live in.
First time homebuyer programs - If you are buying a new home for the first time, you may be able to receive below interest rate loans as part of the HERO or the MortgageSaver program. Many of the loans may be FHA government loans, but some are also provided by the state of New Mexico or private banks and lenders.
Call the New Mexico Mortgage Finance Authority at (505) 843-6880 to learn more about any of these mortgage or foreclosure programs.