CalHFA is partnering with City of County of Lake to ensure all qualified Californians have access to a Mortgage Credit Certificate (MCC) program. The MCC Tax Credit is a federal credit which can reduce potential federal income tax liability, creating additional net spendable income which first time homebuyers may use toward their monthly mortgage payment. This MCC Tax Credit program may enable first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns.


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

CALHFA - California Housing Finance Agency-MCC

Target
20%
http://www.calhfa.ca.gov/ homeownership/limits/ income/income-mcc.pdf
http://www.calhfa.ca.gov/ homeownership/limits/ income/income-mcc.pdf
http://www.calhfa.ca.gov/ homeownership/limits/ salesprice/salesprice-mcc.pdf
Yes
$450.00 w/CalHFAfirst, $750.00 W/non-CalHFA first
SFR, Condo/PUD
Non-Target 20%
same as above
Cannot exceed CalHFAs sales price limit for each county-see above
Cannot exceed CalHFAs sales price limit for each county-see above
No
$450.00 w/CalHFAfirst, $750.00 W/non-CalHFA first
SFR, Condo/PUD

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 County of Lake



CALHFA - California Housing Finance Agency-MCC is available in the following areas/cities