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.
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|
Family Size |
Maximum Gross |
|
Income Limits: |
1 or 2 persons |
$ 81,205 |
|
3 + persons |
$ 93,386 |
|
|
|
|
|
|
|
Type of Property |
Maximum Purchase Price |
|
Purchase Price Limits: |
Resale |
$ 360,585 |
|
New |
$ 503,367 |
The MCC Program is administered by Affordable Housing Applications (AHA) for the County of Orange.
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