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mortgage credit certificate

El Dorado County Mortgage Credit Certificate Program

MORTGAGE CREDIT CERTIFICATE PROGRAM

The El Dorado County Mortgage Credit Certificate Program is available to provide home purchase assistance in the City of South Lake Tahoe and the unincorporated areas of El Dorado County.
The Mortgage Credit Certificate Program reduces the amount of federal income taxes a homebuyer pays. This allows the homebuyer to qualify for a [...]

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Riverside County First Time Home Buyer Mortgage Credit Certificate Program – MCC

by Scott Schang November 9, 2009 First Time Buyer Loans

The Riverside County Economic Development Agency (EDA) is launching the Mortgage Credit Certificate Program for future homebuyers within Riverside County. Our office will start accepting MCC applications from our approved lenders starting November 10, 2008.
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Mortgage Credit Certificate
A Mortgage Credit Certificate (MCC) entitles qualified home buyers to reduce the amount of their federal income tax [...]

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City of Alameda Mortgage Credit Certificate

by Scott Schang November 3, 2009 Down Payment Help

Alameda County Mortgage Credit Certificate
The Mortgage Credit Certificate Program (MCC) is a federal program that helps first-time homebuyers to qualify for mortgage loans. MCCs give homebuyers a “dollar for dollar” tax credit against federal income taxes equal to up to fifteen percent (15%) of annual mortgage interest. By effectively reducing monthly mortgage payments, MCCs give [...]

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

by Scott Schang November 2, 2009 First Time Buyer Loans

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 [...]

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City of Cupertino Mortgage Credit Certificate Program

by Scott Schang October 30, 2009 Down Payment Help

Mortgage Credit Certificate (MCC) Program
The Mortgage Credit Certificate Program provides a tax credit to first-time homebuyers for the purchase of single-family homes, townhomes and condominiums. A first-time homebuyer is defined as a person who has not had their name on a Santa Clara County property title for a principal residence within the last three years.
If [...]

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City of Los Angeles Mortgage Credit Certificate

by Scott Schang October 30, 2009 Down Payment Help

The City of Los Angeles Housing Department’s Mortgage Credit Certificate (MCC) Program can helpyou achieve homeownership. An MCC increases a borrower’s disposable income by reducing theirfederal income tax obligation. This tax savings provides a borrower with more available income toqualify for a home loan and meet mortgage payment requirements. In order to participate in theProgram, [...]

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City of Orange Mortgage Credit Certificate Program

by Scott Schang October 29, 2009 Down Payment Help

Mortgage Assistance Program (MAP)
The County’s MAP provides silent second loans to assist low income first-time homebuyers, with annul incomes not to exceed 80% of the Area Median Income (AMI). The loans are designed to help pay for down payment and/or closing costs to purchase a home. The 3% simple interest, deferred payment loan has a [...]

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City of Pasadena Mortgage Credit Certificate Program

by Scott Schang October 29, 2009 Down Payment Help

This program provides first-time homebuyers with a federal income tax credit which increases their ability to qualify for a mortgage. The amount of the tax credit is equal to 10% or 15% of the homebuyer’s annual mortgage interest paid. The credit is taken annually as a dollar-for-dollar credit against the homeowner’s federal income tax liability. [...]