Homebuyers Mortgage Programs
Mortgage Programs
MFA's mortgage programs provide homebuyers with down payment and closing cost assistance as well as competitive interest-rate mortgage loans. An MFA participating lender will help you determine which program is best for you. You can find a list of participating lenders here.
A minimum credit score of 620 is required. All homebuyers must receive pre-purchase homebuyer counseling. View MFA's income limits and purchase price page to see if your household income meets MFA program requirements.
FirstHome and FirstDown
A mortgage loan for individuals or families who have not owned a home in the past three years. It may be used with MFA’s down payment assistance program, FirstDown or as a stand-alone first mortgage.
FirstDown Plus
A third mortgage down payment assistance loan designed to provide additional down payment to first-time homebuyers qualified to use MFA’s FirstHome program. Previous homeowners who have not owned and occupied a home as their primary residence in the past three years may also be eligible for the program. Must always be used in conjunction with MFA’s FirstHome (first mortgage) and FirstDown (second mortgage) programs.
HomeNow
A down payment and closing cost second mortgage loan that is available to available to first-time homebuyers who have lower household incomes. The loan has a 0 percent interest rate and may be forgiven after 10 years if certain conditions are met.
HomeForward
A mortgage loan for individuals or families who have owned a home in the past three years or who do not qualify for MFA’s FirstHome loan program. It may be used with MFA’s down payment assistance program, (DPA name) or as a stand-alone first mortgage.
For more information about any of MFA's homebuyer programs, please contact a homeownership representative at 505.843.6881 or send an email through the "contact us" button.
Testimonials
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Working with Trung has been a delight! It has been a wonderful experience dealing with such a professional that is an expert in his field. Not only was he knowledgeable, but he is also honest, and always reliable.
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- Nadine Martinez Daskalos
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Best home buying experience ever! Trung is a stand up professional and a good man. We recommend him to everyone we hear are looking for a home.
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- James Eberhart
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Working with Trung has been such an amazing experience. He is very good at his job and very knowledgeable. He truly goes above and beyond to help his customers!!
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- Marlene M
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Trung is the most professional, knowledgeable, efficient and hard working realtor we know. He got us the best deal possible in this market, qualifying us for an unbeatable price! Not only that, but he beat 11 other offers to get me info on my home, he got us a great deal in this market and even negotiated me a new roof! Thank you Trung, you are the best and even after we closed we still keeps in touch! If you or anyone else is looking to buy or sell your home in Albuquerque, New Mexico he is the one to work with. He was available 7 days a week to answer any questions I had, even after normal business hours, which I appreciated so much due to my working schedule! It’s not everyday you come across someone willing to go the extra mile for their clients. The entire experience was pleasant! 11/10 would recommend him as a realtor.
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- Jennifer Gallegos
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Trung and his team helped me sell my beautiful home in Albuquerque, NM. Given all the craziness and complications with my move, Doan & Associates of Equity New Mexico took care of everything with regards to getting our home being prepped for the sale and got it sold in 1 day! It was a totally hands-off and stress-free experience for me, which I highly appreciated. He was always very responsive, transparent and made sure we remain educated on next steps, every step of the way - so he managed our expectations very well! Given that I met Trung through a friend and it was the first time we worked with him, I am SO glad I trusted him and his team with our home sale! They have been fantastic all the way! I would highly recommend Trung, his team and community of contractors! If you want a smooth and easy transaction.
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- Pat G Trujillo
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It is rare in the world of Real Estate to find a man and a team that walks in honor whether anyone is looking or not. When you find an advocate with not only the industry knowledge and expertise but the diligence to walk in honor, the result is a profound buying experience. One that you trust to refer your loved ones to. Appreciate you Trung, thank you for setting an example for the industry to follow.
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- Mitch London
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Trung has been a true professional and a man of his word. He has always made us feel like we were his top priority and never wavered.
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- Jesse W.
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Trung is a rare example of a professional prioritizing the best interest of his customers above his own. He is very friendly and most importantly an honest, dependable and trustworthy person. He helped us greatly by not only showing the positives but also the negatives of each house we considered. He ensured that we felt comfortable and no pressure to consider buying any house. I am so glad to have chosen him as our realtor.
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- Cem Ozen
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The best realtor, in all of New Mexico, he is very honest, hard-working, and provides excellence in all he does I highly recommend for anyone that is looking to buy or sell homes he is the guy to go to!
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- Justyn Sanchez
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Great communicator and REALTOR! Definitely someone you want to handle your home transactions!
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- Bree Franchini
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Trung made the entire process of purchasing my home easy and fast. I really appreciated having him on my side guiding me through all the stages of the purchase.
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- Melissa Moreno
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Doan has helped me sell/buy two homes. He is very knowledgeable across the board and very pleasant to work with. He highly respects his customers and goes beyond expectations to take care of them. I highly recommend Doan and will be using him for all of my future real estate needs.
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- J Walton
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Positive: Professionalism, Quality, Responsiveness, Value
Trung is an amazing man with undying loyalty, commitment, honesty and professionalism. I highly recommend Trung for all yours needs, I wouldn’t use anyone else!
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- Rose Brand
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Trung is the best! I am a first-time homebuyer. Trung explained everything involved so I could understanding it, answered all of my questions, and went the extra mile to help me find a home that is perfect for me. I would recommend him highly.
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- Katherine Schlappi
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Great communicator and REALTOR! Definitely someone you want to handle your home transactions!
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- Bree Franchini
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Wow where do I even begin, my family and I recently moved to New Mexico to be closer to my elderly parents and we were very unsure of who we could trust when purchasing a home. Trung was recommended to me from a colleague of mine and him and his team were so helpful in finding us the home of our dreams while also making sure I was close to my parents. He showed such care and respect to my situation and also did a wonderful job in providing a ton of insight on getting to know Albuquerque and the neighborhood that we eventually moved to. I highly recommend Doan & Associates as they made a stressful situation for us an incredibly wonderful experience. A huge shoutout to Trung as he was also great around my children and made them feel at ease moving into a new environment!
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- Sterling Schwartz
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Trung is an excellent realtor! He has great ideas , if you need help or get stumped he is the guy to call. When your ready to buy a home ask for Trung he is open honest and trust worthy.
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- Isaac Hardcastle
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Trung is the most honest, caring and professional realtor, he took his time to find the perfect house for us.I highly recommend Trung to everyone looking to sale or buy a property
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- Jose Benevides
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Professionalism, Responsiveness
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- Joe Hernandez
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Aggressive, educated and fast. Sold my home for over the market value with no issues.
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- D Ramos
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Trung is and has been a huge supporter of Atrisco Heritage Academy HS Wrestling! We hope you use his as your realtor, he will take care of you like he has helped us!
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- Lorenzo Martinez
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Finding a home in Los Alamos is hard. Finding a great realtor is just as hard. Trung took the time and made the drive (multiple times) to Los Alamos to help us find our home. His professionalism and loyalty to his customer is impeccable. It made our home buying experience easy and stress free. I would highly recommend him to anyone who is looking to purchase a home.
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- Sys H
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One of the most involved, knowledgeable and caring realtors I've ever met. Went above and beyond to get us the home of our dreams. Made sure we were covered in every area of our home buying experience and to be taken care of by digging deep into the background of our home. Not only a business man, but a friend. We are truly grateful you came into our lives.
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- Mary Chavez
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Trung was recommended to us by a Friend since we are first time home buyers and needed a little more guidance as to what it all involves in buying a house. We could not be any more happier to be able to have Trung help us in this process he was super knowledgeable and always available to help us and answered every question we had. He worked super late most nights just to make sure we were able to get the home we wanted. He definitely made this process go by so smoothly and all while making sure we were updated with everything that was happening. Now after closing he continues to help us in every way possible and is promptly available when ever we have questions. I am so thankful to Trung and I could not imagine this experience going any better then it already has. Definitely the best realtor you can ever ask for!
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- Karen Jasso
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I loved working with Trung Doc Doan realty. Professional knowledgable and a great human being.
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- Natalie Arndt
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If we ever decide to move/sell our house we will definitely be coming back to Trung and his business. They’re very respectful and really helpful when it comes to all the stress of buying a house. He made everything as easy as possible for us.
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- Valerie S
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Trung has been an exceptional realtor who genuinely cares about his clients. Even though I haven’t yet bought or sold a house through him, his expertise and guidance have been invaluable in helping me understand the current market conditions in Albuquerque. What sets Doan apart is his balanced approach; he provides insightful advice without pushing me in any particular direction. His friendly demeanor and genuine concern make the whole process enjoyable, and it’s evident that he comes from a great family. If you’re looking for a trustworthy and knowledgeable realtor, I highly recommend Trung Doan. Five stars!
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- Zack F
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Always returns calls and is fast at working on all my needs.
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- John Chavez
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Trung is an amazing realtor. He's so easy to work with, and he has provided accurate market analyses for all of the properties we've seen with him.
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- Cristina Eads
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Hard working, Honest, Protecting customers.
I will work with Trung Duc Doan for the next property.
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- Quang Vo
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Trung is very helpful and will go out of his way to try and help you. I would recommend him if you are in the market for a place
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- Joseph G
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It was so easy working with Trung over the past 8 months looking for a home in Los Alamos. This was our first home buying experience, and we were unsure how things would go in this competitive market. We were able to find a home perfect for us in a relatively short time frame, thanks to the diligence of Trung and his team. Trung was extremely helpful and answered all of our questions every step of the way. Communication was excellent, and Trung was very easy to talk to and understand. He is knowledgeable about realistic offers on each property, while making sure we were within our comfort level. We would definitely recommend him and his team for your realty needs!
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- Curtis S
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There are many realtors that always say they’re # 1 or say they are top producers but Trung his team of Doan and associates proved it has showed us his homes sold and his processes. For that he would be considered the number one realtor and top producer for us, especially with his Intense communication and updating. He has so many million dollar homes and it’s considered a luxury realtor residential specialist From Albuquerque to Rio Rancho all the way to Los Alamos and Santa Fe. He has given us the luxury experience that every buyer and seller of a home should expect from their realtor. Considering the fact that it took us a bit over 3 years to find that right place he was still there with us, calling talking and communicating with my wife and I giving us hope The right house will be there for us. Fortunately, we were able to find it, get assistance with seller contribution for closing costs, and another program for down payment. I would like to offer to any potential person who is looking for a realtor if not the number one realtor to give me a message and elaborate my experience with Doan and associates Equity New Mexico real estate.
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- Michael Vallejos
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Such an amazing and easy experience to purchase our home from Trung! I would definitely recommend him to anyone who is interested in purchasing a house for their family. He was always will to go the “extra mile” for us.
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- Eric Erickson
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I must say Trung is the consummate professional Realtor. Very knowledgeable in the field and exceptional attention to detail. If you need a real pro, Trung is your man!
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- Chip Olson
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Have known Trung for a good while now and he’s always been a great person and always willing to help with either his knowledge or skills set! Very personable and works hard to make his clients happy! Thankful to know this guy and excited for anyone who does business with him in the future!
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- Timothy Baca
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I have been able to work closely with Trung in preparing to build my home. He took the time to help find property while be knowledgeable about the pros and cons in the area. He assisted me with researching property requirements and people that would begin the building process. I would highly recommend him as he is professional and most importantly available.
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- Alexandria V
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Trung has been a true professional and a man of his word. He has always made us feel like we were his top priority and never wavered.
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- Jesse W.
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Trung is one of the most knowledgeable brokers in town! He has a wealth of experience with both small medium and large homes. He's very patient and understanding and make sure that his client's needs are met to the best of his abilities. I would highly recommended from to any and all interested parties.
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- Andrew Leach
IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Equity New Mexico Real Estate. Data last updated: September 22, 2026 5:39 AM UTC
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