The San Diego Housing Commission (SDHC) Mortgage Credit Certificate Program is a federal income tax credit. With the MCC, the qualified first time homebuyer is entitled to take a federal income tax credit of 20% of the annual interest paid on the home mortgage. Because the MCC reduces the homebuyer’s federal income taxes and increases their net earnings, it is a great help in qualifying a homebuyer for their first home mortgage loan. But it doesn’t stop there. The MCC is registered with the IRS and it continues to decrease a first time homebuyer’s federal income taxes as loan as they own and live in the home.

Coronado is a resort city located in San Diego County, California, across the San Diego Bay from downtown San Diego. It was founded in the 1880s. Its population was 24,697 at the 2010 census, up from 24,100 at the 2000 census.

Sales Quarter Number Of Sales Current Median Price Previous Median Price Percent Change yearoveryear
4Q2017 306 $1,500,000.00 $1,410,000.00 6.4%
3Q2017 91 $1,740,000.00 $1,615,000.00 7.7%


Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025


Agency Target vs Non-Target Tax Credit Household size: 1-2 Household size: 3+ Purchase Price Limits First Time Application Fee Property Type

San Diego Housing Commission (SDHC) Mortgage Credit Certificate-MCC

Target
20%
$109,080
$127,260
$564,353
Yes
$500.00 stand alone,$300.00 w/SDHC loan & grant
SFR, Townhome & Condos
Non-Target 20%
$109,080
$127,260
$689,765
No
$500.00 stand alone,$300.00 w/SDHC loan & grant
SFR, Townhome & Condos

Coronado is a resort city located in San Diego County, California, across the San Diego Bay from downtown San Diego. It was founded in the 1880s. Its population was 24,697 at the 2010 census, up from 24,100 at the 2000 census.


Connect with a Loan Officer

Loan Officer Thomas Johnston

Loan Officer Thomas Johnston | NMLS# 1583463; Arizona, California, Oregon, Texas and Washington

Thomas is your mortgage loan originator, who works side by side with a strong team that shares the same devotion to excellence.
Experienced, knowledgeable, and always up to date on the industry's latest products, Thomas strives to exceed the customers' expectations in each and every transaction.

Do you have any questions? Please call 866-610-6025

Other products available in the City of Coronado



San Diego Housing Commission (SDHC) Mortgage Credit Certificate-MCC is available in the following areas/cities