Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply

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