MCC (Mortgage Credit Certificate)
Is a federal tax credit for 15% or 20% of all mortgage interest
Typically provides $200 to $500 in additional take-home pay per month
Available in most areas of San Diego County, but not in La Mesa,
Del Mar, Solana Beach, and National City.
The separate MCC programs are administered by AHA Housing
(The Unincorporated Areas of the
County and Incorporated Cities of San Diego County - that is -
everything except the City of San Diego and Oceanside), the San Diego
Housing Commission (for everything within the City of San Diego - everything
with zip code starting with 921** - expect Coronado)
Income limits: ($82,000 for up to 2-person households) ($95,220 for 3 or
more person households)
Purchase limits in most areas in San Diego County ($503,700 Resale) ($490,000 New Construction)
($567,166 Duplex 5 or more years old)
Can be used with VA, FHA, and conventional loans from MCC-partner
Cannot be used with CalHFA, Stated Income, Adjustable Rate Mortgages
with less then 5-year fixed period with interest-only payments or 3-year
fixed period with principal and interest payments.
Applied for while in escrow by the loan officer
TARGETED AREAS - If the property being purchased with MCC
assistance is within a federally-designated target area, the buyer does not
have to be a first-time homebuyer and the purchase price limits are higher.
In San Diego County, the maximum purchase price in targeted areas for resale
homes is $670,580 and for new construction is $617,289. A
Map Of Targeted
Census Tracts is shown here (it is a large file and may take a few
seconds to download). On the map, the targeted census tracts are outlined in
red. A List Of
The Targeted Census Tract Numbers is shown here. To obtain the census
tract number of any address,
Here And Type In The Address.
I am approved as a qualified loan officer to provide the MCC.
Buyer In San Diego Home Page For Financial Assistance
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to My Next Learning Annex Class On
First-Time Homebuyer Financial Assistance
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Brought To You By
Mark Harmon, Realtor ®
CalHFA Preferred Loan Officer
USA Realty and Loans
Brokerage Main Office
3994 Carson St.
San Diego, CA 92117