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Neighborhood Housing Services of Orange County (NHSOC) – Orange County Housing Trust Down Payment Assistance Program

November 10, 2009

Down Payment Help

The 30-year amortized loans will have an interest rate approximately 1% below the market rate for first mortgages. (Current second mortgage rate is 5%.) The OCHT will work with a variety of financial institutions to provide the first mortgages and allow additional subsidies from city, county and state government or other programs that the borrower [...]

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Riverside County Economic Developement Agency (EDA) Mortgage Credit Certificates ( MCC )

November 10, 2009

First Time Buyer Loans

PROGRAM SUMMARY
A Mortgage Credit Certificate (MCC) entitles qualified home buyers to reduce the amount of their federal income tax liability by an amount equal to a portion of the interest paid during the year on a home mortgage. This tax credit allows the buyer to qualify more easily for a loan by increasing the effective [...]