May is graduation month across New Mexico and there are a number of 4-year public institutions in New Mexico including Eastern New Mexico University in Portales, the Institute of American Indian Arts in Santa Fe, New Mexico Highlands University in Las Vegas, the New Mexico Institute of Mining and Technology in Socorro, New Mexico State University in Las Cruces, Northern New Mexico College in Espanola, the c in Albuquerque, and Western New Mexico University in Silver City. The institutions are graduating many young adults who are starting their careers and building their future. As they begin to do so, they need to consider that right now is an incredible time to for New Mexico college graduates and New Mexico first time home buyers to buy their first home using a New Mexico FHA loan.
Why should a first time homebuyer in New Mexico choose a FHA loan?
How does a college graduate looking to buy a house benefit from a New Mexico FHA loan?
As explained in detail at BestFHALender.com, here are the Top 10 Reasons that college graduates should use a FHA loan to buy their first home in New Mexico.
10. Housing prices are extremely low and New Mexico FHA loans help college graduates and New Mexico first time home buyer buy them now.
9. New Mexico FHA interest rates are extremely low since the government insures FHA loans.
8. New Mexico FHA loans help college graduates and New Mexico first time home buyers take advantage of the $8000.00 tax credit.
7. Buying a house in New Mexico will help recent college graduates increase their opportunities to save money through itemized deductions on their tax returns.
6. New Mexico FHA loans allow a recent college graduate’s previous school experience to be used in order to satisfy the two year employment history requirement.
5. New Mexico FHA loans allow recent college graduates to use alternative credit history to qualify with limited or no traditional credit history.
4. New Mexico FHA loans allow recent college graduates to be approved using a non-occupying co-signer.
3. New Mexico FHA loans have two great features that allow a recent college graduate to take advantage of features that will initially reduce their payments through temporary interest subsidies.
2. New Mexico FHA loans allow the seller to pay recent college graduates’ closing costs.
1. New Mexico FHA has ultra-low down payment requirements and multiple down payment assistance options.
By taking advantage of New Mexico FHA loan options, college graduates will not have to wait to become first time home buyers. New Mexico FHA loan programs are extremely flexible and have numerous options and benefits.
Steve Lines
FHA Mortgage Specialist
email: slines@bestFHAlender.com
www.bestFHAlender.com
Academy Mortgage
New Mexico Mortgage License #1451
*This is not an offer to lend. 
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