Alameda County Mortgage Credit Certificates

Posted on 09. Nov, 2009 by Scott Schang in County Assistance Programs, 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 [...]