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City of La Mirada

City of La Mirada Mortgage Credit Certificate (MCC)

by Scott Schang October 28, 2009 Down Payment Help

The County of Los Angeles’ Mortgage Credit Certificate Program (MCC) offers first-time home buyers a federal income tax credit. The credit reduces the amount of federal taxes the certificate holder would pay. It can assist the first-time home buyer to qualify for a loan by allowing a lender to reduce the housing expense ratio by [...]

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