Posts tagged as:

mortgage credit certificates

City of Santa Paula Mortgage Credit Certificate Program

by Scott Schang February 26, 2009

Mortgage Credit CertificatesThe Mortgage Credit Certificate (MCC) Program is available for first time homebuyers. MCCs provide tax credits equal to 15 percent of the interest paid on your home. Using an MCC, first-time buyers can save between $700-$2,500 a year on their annual federal tax bill. Interested applications must contact a participating lender to apply.
For [...]

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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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Down Payment and Housing Assistance Programs for the City of Alameda

by Scott Schang November 4, 2008

The City of Alameda offers many resources to both home owners and home buyers looking to move to the city. I want to focus on the home buyer programs that are available through the city here.

First Time Homebuyer Workshops – Hundreds of people have taken advantage of the City’s Home Buyer Workshop. The workshops cover [...]

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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 [...]