The Los Angeles County CDC Mortgage Credit Certificate Program offers qualified first time homebuyers in the County of Los Angeles a federal income tax credit. The federal credit can reduce potential federal income tax liability, creating additional net spendable income for qualified first time homebuyers to possibly use toward their monthly mortgage payment on a purchase of a home. The Los Angeles County CDC Mortgage Credit Certificate MCC Program enables qualified 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. The qualified first time homebuyer is awarded a tax credit of up to 20% of the annual interest paid on the mortgage loan. The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.

Monrovia is a city located in the foothills of the San Gabriel Mountains in the San Gabriel Valley of Los Angeles County, California, United States. The population was 36,590 at the 2010 census, down from 36,929 in 2000. Monrovia has been used for filming TV shows, movies and commercials.

Sales Quarter Number Of Sales Current Median Price Previous Median Price Percent Change yearoveryear
4Q2017 408 $625,000.00 $585,000.00 6.8%
3Q2017 108 $620,000.00 $585,000.00 6.0%


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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

Los Angeles County CDC Mortgage Credit Certificate MCC

Target
20%
$108,120
$126,140
$585,713
Yes
$300 each Application
SFR,Townhome & Condo
Non-Target 20%
$108,120
$126,140
$715,872
Yes
$300 each Application
SFR,Townhome & Condo

Alhambra is a city located in the western San Gabriel Valley region of Los Angeles County, California, United States, approximately eight miles from the Downtown Los Angeles civic center. It was incorporated on July 11, 1903. As of the 2010 census, the population was 83,089. The city's ZIP codes are 91801 and 91803 (plus 91802 for P.O. boxes).


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 Monrovia, Los Angeles County CDC Mortgage Credit Certificate MC



Los Angeles County CDC Mortgage Credit Certificate MCC is available in the following areas/cities