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Mortgage agency marks milestone.(Business)
Byline: Staff and wire reports
LOCAL & REGIONAL
The New Mexico Mortgage Finance Authority has reached the milestone of 3,000 families it has helped buy a first home through its HELP program.
The program is a second mortgage that allows for down payment and closing cost assistance coupled with the Mortgage Finance Authority Mortgage$aver program. The current 30-year, fixed, below-market Mortgage$aver rate is 6.87 percent.
"Saving for a down payment today is the biggest obstacle for the first-time home buyer," said Sheryl Kassetas, …
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