Consumer Tools

Buying or refinancing a home is one of the most complex financial decisions you will ever make. Mortgage financing options are much more diverse than many borrowers think. There is a wide variety of mortgage products available including: first time buyers programs, fixed rate conventional mortgages, adjustable rate mortgage (ARM), FHA loans, VA loans, interest-only mortgages, jumbo mortgages, two-step mortgages, balloon mortgages, assumable mortgages, construction mortgages, no down payment mortgages and seller financing.

Here are a few helpful links:

Borrowers Bill of Rights

Credit Rescue and Credit Education

Department of Veterans Affairs Home Loan page

Dos and Do Nots

Counseling Agencies

Money Management International

Catholic Charities

Great Albuquerque Housing Partnership

Home-New Mexico, Inc

Ser De New Mexico, Inc.

Southwest Neighborhood Housing, Inc

United South Broadway Corp.

Tierra Del Sol Housing Corp.

CCCS of Great Dallas-Clovis  

YWCA (Las Cruces) Credit Counseling and Home Ownership

Homewise, Inc.

Federal Housing Authority (FHA) HUD New Mexico

Federal National Mortgage Association (Fannie Mae)

Federal Home Loan Mortgage Corporation (Freddie Mac)

File a complaint

First Time Buyers and HERO (safety worker, health care worker, educator or an active member of the armed forces) Programs

First Time Home Buyer Tax Credit 2009 (PDF)

Home Loan Learning Center

Contacting Your Servicer

Foreclosure Prevention Contact Information

Foreclosure Prevention Resource Center

Hope NOW –support and guidance for Homeowners

Know Your Options (a consumer friendly bilingual website to educate distressed homeowners re: foreclosures and taking action)

Loan Originator Licensing Verification

New Mexico Regulations and Licensing Department

USDA Rural Developement

Home Mortgage Applications “Trigger” Sales of Private Financial information. Mortgage industry critics are targeting a growing but little-understood practice of the national credit bureaus-overnight sales of “hot leads” of mortgage applicants most private financial data, including credit scores, mortgage balances and credit card account information. Ken Harney reports. Click here to read the full story.

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