{"id":1248,"date":"2020-12-01T15:19:32","date_gmt":"2020-12-01T23:19:22","guid":{"rendered":"https:\/\/www.firstamericanbanknm.com\/wph\/workarea\/?page_id=1248"},"modified":"2025-05-07T19:28:19","modified_gmt":"2025-05-07T19:28:19","slug":"low-down-payment-programs","status":"publish","type":"page","link":"https:\/\/www.firstamericanbanknm.com\/wph\/workarea\/personal-home-loans\/home-loans\/low-down-payment-programs\/","title":{"rendered":"Low Down Payment Programs"},"content":{"rendered":"<h2>Low Down Payment Programs<\/h2> <p>The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) offer a variety of low-down payment programs to help borrowers qualify for mortgage financing with little or no money down.<\/p> <p><strong>First-time Home Buyer Programs<\/strong><\/p> <p>This program is offered through the\u00a0<a class=\"ncr-tpw\" href=\"https:\/\/housingnm.org\/homebuyers\/first-home\" rel=\" noreferrer\" data-ncr-tpw=\"0\">MFA Housing New Mexico<\/a>\u00a0and we are an approved lender offering a range of programs to assist first-time home buyers.<\/p> <p><strong>VA Home Loans (Veterans Affairs)<\/strong><\/p> <p>Federal veterans\u2019 programs provide active duty personnel, reservists and veterans with 100% financing, low closing costs and historically low rates.<\/p> <p><strong>USDA Home Loans (Guaranteed Rural Housing)<\/strong><\/p> <p>USDA home loans are ideal if you\u2019re a first-time home buyer looking to purchase in \u201crural defined population service areas.\u201d You must also meet certain income requirements.<\/p>    <div class=\"wp-block-ncr-blocks-button button button-align-none\"><a class=\"ncr-btn btn\" href=\"https:\/\/firstamericanbanknm.mymortgage-online.com\/MortgageLoanOriginators.html\" target=\"_blank\" rel=\"noopener noreferrer\">Originators<\/a><\/div>    <p>Visit or call one of our local mortgage originators to discuss your next steps.<\/p>    <div class=\"wp-block-ncr-blocks-button button button-align-none\"><a class=\"ncr-btn btn\" href=\"https:\/\/www.firstamericanbanknm.com\/wph\/workarea\/wp-content\/uploads\/2025\/02\/2.25-Mortgage-Checklist-3.pdf\" target=\"_self\" rel=\"noopener noreferrer\">Checklist<\/a><\/div>    <p>Use our application checklist to help you gather information that may be needed for your home loan.<\/p>    <div class=\"wp-block-ncr-blocks-button button button-align-none\"><a class=\"ncr-btn btn\" href=\"https:\/\/www.firstamericanbanknm.com\/wph\/workarea\/calculators\/\" target=\"_self\" rel=\"noopener noreferrer\">Calculators<\/a><\/div>    <p>Our affordability calculators can help estimate what amount is within your price range.<\/p>    <div class=\"wp-block-ncr-blocks-image-credit imageCredit-wrapper band band-image-credits\"><div class=\"band-cta\"><p class=\"output-field1\"><\/p><p class=\"output-field2\"><\/p><\/div><\/div>    <p><\/p>","protected":false},"excerpt":{"rendered":"Low Down Payment Programs The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) offer a variety of low-down payment programs to help borrowers qualify for mortgage financing with little or no money down. First-time Home Buyer Programs This program is offered through the\u00a0MFA Housing New Mexico\u00a0and we are an approved lender offering a [&hellip;]","protected":false},"author":8,"featured_media":3484,"parent":17,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-1248","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Low Down Payment Programs - First American Bank<\/title>\n<meta name=\"description\" content=\"We offer a variety of low down payment programs that help borrowers qualify for mortgage financing. 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