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Updated almost 9 years ago on . Most recent reply
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New Mexico Hero Program Restrictions (buying investment property)
Hi,
This is for anyone that has any information on the New Mexico Hero Loan Program. The Hero Loan Program as I know, helps anyone who is an education or health professional with purchasing a home. I know that the state will pay your down payment, I need to put down $1000, and I need to be an educator or a health professional.
I recently bought a house with the New Mexico Hero Loan Program, so I don't need information how to qualify.
My question is, can I purchase an investment property (duplex) in the future while still holding on to the mortgage (Hero Loan) that I currently have on my house?
Does anyone have any advice on this subject matter?
Thank you,
Zac