City of Orange – Mortgage Credit Certificate (MCC) | California Down Payment Assistance

Not sure where to start? Take a moment to view this informative YouTube video that explains the process for applying for and qualifying for down payment assistance – Click Here to View this Video

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Education is our passion – You can arm yourself against deceptive and unethical “Real Estate Professionals” by educating yourself about the home buying process.

These informative and convenient on-line classes will empower you with the ability to make educated financial decisions about choosing a lender, real estate agent, loan program and understanding everything that happens during the home buying process. Bookmark this page and check back often for new dates, times and classes.

Schedule of Homebuyer Education Classes – Click Here

Program Highlights

County:	Orange
Agency:	Affordable Housing Applications (AHA)
Web-Site:	Link to Agency Website
Contact e-Mail:	Request More Information
Contact Us:	(866) 667-6724
How to Qualify:	Inquire Here
Eligible Homes for Sale:	Search using Listingbook

Program Description:	Mortgage Credit Certificate
Maximum Loan Amount:	N/A
Income Restrictions:	Yes
Requires Repayment:	No
Requires Matching Funds:	No
Eligible 1st Loan Terms:	Fixed Rate / Fully Amortized
Eligible 1st Loan Types:	FNMA, FHLMC, CalHFA, FHA
Ineligible 1st Loan Types:	N/A

NOTE: MCC PROGRAM IS SUSPENDED

Mortgage Credit Certificate Program Fact Sheet

The Mortgage Credit Certificate (MCC) Program enables first-time homebuyers to receive a federal income tax credit of 15% of the annual mortgage interest paid.
MCC’s reduce federal income tax, increase take-home pay, and increase the qualifying loan amount for homebuyers.
Program assistance is available only to income-eligible persons and families who have not owned a home in the last three years.
The property must be a single-family detached home, condominium, or townhouse located within the County of Orange.
Participants must occupy the home.

	Family Size	Maximum Gross Annual Income
Income Limits:	1 or 2 persons	$ 81,205
Income Limits:	3 + persons	$ 93,386

	Type of Property	Maximum Purchase Price
Purchase Price Limits:	Resale	$ 360,585
Purchase Price Limits:	New	$ 503,367

The MCC Program is administered by Affordable Housing Applications (AHA) for the County of Orange.

If you have questions about this or any other down payment assistance programs that may be available in your area call us at 1-866-667-6724 or Click Here if you would like us to research programs you may qualify for.

For a complete list of upcoming no-cost on-line home buyer classes, follow this link – Upcoming First Time Homebuyer Classes

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