Orange County Real Estate Thoughts - First Time Home Buyer

Posted by Tony Leocadio on Thursday, September 26th, 2013 at 1:37pm.

Fullerton, California....

MCC Program (Mortgage Credit Certificate)


The MCC program allows a qualifying homebuyer to claim a tax credit for a portion of the mortgage interest paid annually.  MCCs reduce the homebuyer’s federal income tax liability, increasing the amount of disposable income available to purchase a home.

Am MCC has the potential of saving the MCC holder thousands of dollars over the life and be claimed for as long as they occupy the home purchased as their primary residence.  An MCC can be used with almost any type of mortgage, including adjustable rate mortgages.

MCC programs provide homebuyers with the opportunity to buy a home by keeping more money their pockets each month.  By using this additional income while qualifying for a loan a MCC can actually increase a homebuyer’s purchase power by as much as $50,000 or more!


Tony Leocadio, Team Leader
CalBRE# 01737259


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