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Homestart - Your Partner in Home Ownership

by Ambrose Pena
(Rio Rancho, NM, USA)

That's me, Ambrose Pena. Did you realize I'm paid on salary and not commission?

That's me, Ambrose Pena. Did you realize I'm paid on salary and not commission?

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Homestart is a full-service, non-profit agency promoting affordable home ownership through financial counseling and educational classes, designed to help New Mexico’s moderate-income residents become successful home owners.


PLEASE NOTE: This listing is provided as a free service to real estate agents and agencies. We do not have information on their services. To receive this information, please contact the individual real estate agent or agency directly - their contact information appears below. Thank you!

Homestart will help you improve your credit, locate the right home for you and your family, and secure an affordable mortgage. You can be a successful homeowner.

Homestart looks at each individual on a case by case basis.  Your Home Purchase Advisor will look at your income closely to help determine the best option for you. 
Homestart’s services are geared towards families and individuals with moderate income. Income restrictions may apply.

At Homestart you and your family will get:

  1. the RIGHT information
  2. the RIGHT home
  3. the RIGHT financing

Homestart can help you:

  • Understand your financial picture and learn what you need to do to get ready to buy a home.
  • Find a home that’s right for you - in your price range, new or old, that meets your family’s needs.
  • Not pay more than you can afford for your home.

Our realtors are salaried, not paid by commission – their focus is on helping you.

Get an affordable, stable monthly payment with a low-interest, fixed rate mortgage – our lending staff knows how to find you the best financing.

With down payment assistance – depending on your finances you may receive help with your down payment.

Why Wait? Take the first step to owning your own home.

Frequently Asked Questions

How do I get started?
Call Homestart today – 505.243.6566 – and make an appointment.

You’re on the path to homeownership – Congratulations!

Happy Home Buyers
Happy Home Buyers

Can I afford to buy a home?
How much money does it take to buy a home?
Homestart will help determine the home price you can afford, and we will work to see if you are eligible for down payment assistance.

Consider this:

If you rent and pay $700 per month for 10 years:
You spend $84,000
You get $0 equity
If you buy and pay $730 per month for 10 years:
You spend $87,600
You get $76,110 total equity

But I don’t have enough money for a down-payment.
Homestart has access to mortgage programs that have low down-payment requirements. And we often provide down payment assistance that can help you even more.

If you have no savings, Homestart can help you save – a good habit for everyone to have.

What if I have bad credit?
Homestart will assess your current credit history to see if it will affect your ability to obtain a mortgage. If your credit is not good enough, Homestart will help you improve it so you can buy a home.

I can’t consider buying a home because I have debt.
You can still buy a home if you have reasonable debt. If your debt is high and will affect your ability to buy a home, Homestart will teach you the tools to reduce your debt. Don’t wait until after you have reduced your debt to call Homestart.

Homestart will advise you on how to reduce your debt as quickly as possible and in a way that works for you and your family.

Can I get a mortgage that is both affordable and secure?
All of our mortgages have low, fixed rates, so you’ll never be caught off-guard by sudden rate increases. Year after year, your monthly payment will remain manageable and predictable.

Ambrose Pena
Company Name: Homestart

Address: Rio Rancho City Hall
Parks & Recreation
3200 Civic Center Circle NE
Rio Rancho, NM 87114

Phone Number: 505-243-6566

E-Mail Address:


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