MORTGAGE CREDIT CERTIFICATE PROGRAM

The Mortgage Credit Certificate Program reduces the amount of federal income taxes a homebuyer pays. This allows the homebuyer to qualify for a larger mortgage loan by increasing the household income. The Mortgage Credit Certificate is a 15% tax credit that is in effect for the life of the loan as long as the property remains owner-occupied.

Through its membership in the California Rural Home Finance Authority, El Dorado County receives a bond allocation which is used to support the National Homebuyer Fund (NHF). The County’s support enables the residents of El Dorado County to take advantage of the programs created by NHF.  When funding is available, these programs may provide financing, not only for the mortgage credit certificate program, but also for the first mortgage or the downpayment and closing costs associated with a home purchase for low-to-moderate income households. 

For further information call NHL toll free:

866-643-4968
866-NHF-4YOU

http://www.nhfloan.org