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rules for mortgage credit certificates |
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What are the rules for mortgage credit certificates?
To qualify for a mortgage credit certificate, both your income and the purchase price of the home must fall within established city guidelines. These guidelines vary by city but generally only permit people who earn an average income or slightly higher than average income.
A limited number of cities have authorized the MCC program. Contact your municipal housing department for more information.
Questions about The High Desert Real Estate?
Ask below or Call The Crown Team at 866-612-8975
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Lender's Blog
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Converting negative-amortization loan to a regular loan |
Can I convert a negative-amortization loan to a regular loan?
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Read more...
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