Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

14
Posts
3
Votes
Zachary Emerson
  • Farmington, NM
3
Votes |
14
Posts

New Mexico Hero Program Restrictions (buying investment property)

Zachary Emerson
  • Farmington, NM
Posted

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

Loading replies...