City of Commerce Mortgage Credit Certificate Program
Posted on 28. Oct, 2009 by Scott Schang in City Assistance Programs, Down Payment Help
MORTGAGE CREDIT CERTIFICATE PROGRAM (MCC) WHAT IS AN MCC?The MCC Program offers the first time homebuyer a federal income tax credit. This credit reduces the amount of federal taxes the holder of the certificate would pay. It can also help the first time homebuyer qualify for a loan by allowing a lender to reduce [...]
City of Oakley Mortgage Credit Certificate Program
Posted on 28. Oct, 2009 by Scott Schang in City Assistance Programs, Down Payment Help
MORTGAGE CREDIT CERTIFICATE PROGRAM Program SummaryThe Mortgage Credit Certificate Program, authorized by Congress in the Tax Reform Act of 1984, provides financial assistance to “First time homebuyers” for the purchase of new or existing single-family home. In 1985, the State adopted legislation authorizing local agencies, such as Contra Costa County, to make Mortgage Credit Certificates [...]
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