HOMEBUYER ASSISTANCE

The MCC certificate is for an extended tax credit for a period of fifteen years for the first time homebuyer purchasing a personal residence. (However at this time, the MCC can be issued for non first time home buyers in the Go Rita Zone.)  The maximum credit available is $2000 per year, and decreases yearly based on the amount of principal paid.

This program has multiple benefits for potential homebuyers, as it also has a calculation for income that can be added to the income for the borrower, and is helpful in reducing the debt to income ratio on the mortgage application. This can make a difference in being able to qualify a borrower for their mortgage loan or not qualify them.

Please call us for further explanation regarding the benefits of the MCC program.

 Lee Penn[Texas Mortgage Line] 281-701-1655