June 2, 2017 | by Katie Claflin
Categories: Affordable Housing, First Time Buyer, Homeownership, Savings
June is National Homeownership Month, and we want to take this opportunity to educate first-time buyers about our Mortgage Credit Certificate (MCC) Program, which can save you up to $2,000 every year on your income taxes and put more of your hard-earned money back into your pocket.
Want to know more? We’ve provided answers below to some of our most frequently asked questions.
Not only can that extra money help you build savings and pay down debt, but your lender can also count it as income when qualifying you for your mortgage. Below is a testimonial from Cody Velkovich at Nations Reliable Lending describing how TSAHC’s MCC program helped a teacher’s aide and her family close on their dream home.
"By applying for and including the MCC tax savings into the family’s income, we were able to drop their debt-to-income ratio, giving us an approvable loan and one happy family. On December 30, 2016, the family with their two young children became homeowners for the first time."
The program may sound too good to be true, but we promise it's not! Click here to view our full list of Frequently Asked Questions. If you have any questions not listed in our FAQ, we encourage you to contact our homeownership team at 877-508-4611 or via email.
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