Posts tagged as:

MCC

City of Blythe First Time Home Buyer Programs – See Riverside County Economic Development Agency Down Payment Assistance Programs

by Scott Schang January 27, 2009

All funds for the First Time Home Buyers (FTHB) Down Payment Assistance Program are exhausted and are no longer available.  Starting September 8, 2008, our office will no longer accept any new FTHB applications. We encourage everyone to please take advantage of our second homeownership program called the Mortgage Credit Certificate (MCC) program.  To receive [...]

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Alameda County Mortgage Credit Certificates

by Scott Schang November 20, 2008

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

by Scott Schang April 28, 2008

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 [...]

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