City of Campbell First Time Home Buyer's Assistance,Mortgage Credit Certificate Program

First Time Home Buyer Program

The Campbell Redevelopment Agency approved $250,000 for the first time homebuyer program for fiscal year 2008-2009. Each individual deferred loan has a maximum amount of $25,000.

The major program requirements include: 1) Can’t have owned property in Santa Clara County within the last three years;
2) Maximum household income allowed is $84,985 for a household of one; $97,060 for a household of two; $109,250 for a household of three; and $121,325 for a household of four; 3) The property must be located in Campbell, regardless of mailing address and must pay taxes to Campbell.

Once the funds have been all expended, there will be no new funding until possibly July 2009. For further information on the program, please read the attachment. For any questions, please feel free to call Sharon Teeter, Housing Coordinator at (408)866-2137

First Time Home Buyers Application Requirements (16kb pdf)

Mortgage Credit Certificates

The Mortgage Credit Certificate Program (MCC) provides financial assistance in the form of a tax credit to first-time homebuyers for the purchase of single-family homes, townhomes and condomimiums. A first-time homebuyer is defined as a person who has not owned a principal residence within the last three years in Santa Clara County.

Contact your lender and let them know you are interested in obtaining a MCC. If you need any additional information, call (408)441-4260.

To view the City of Campbell’s website, please CLICK HERE

Other articles about this topic that might interest you:

City of Cupertino Mortgage Credit Certificate Program Mortgage Credit Certificate (MCC) Program The Mortgage Credit Certificate Program provides a tax credit to first-time homebuyers for the...
City of Bellflower First Time Home Buyer’s Assistance,Mortgage Credit Certificate Program Owning a home seems like an impossible dream for many households today. But with the First-time Homebuyer Programs available...
City of Downey Mortgage Credit Program, First Time Home Buyer’s Assistance Updated 3/9/09: I called today, funding is currently unavailable. To view the City of Downey’s website,please CLICK HERE HOME...

Tagged as: City Mortgage Assistance, City of Campbell, first time home buyer assistance, mortgage credit certificate