March 28, 2023
10:00am -- 11:00am
Available via Webinar
Virtual Training, Texas
For additional information about this event, please contact:
Joniel Levecque
With rising mortgage interest rates, we want to tell you about how our programs can help more Texans become homeowners. One way to do that - our MCC program!
When a home buyer combines our non-bond DPA with an MCC, they are effectively paying an interest rate that is 20% lower than they would be without an MCC. The lender can use this savings to help more home buyers qualify for a mortgage.
To calculate the new effective interest rate with an MCC, simply multiply the actual interest rate by 80%.
Here's an example using one of TSAHC's non-bond assistance options:
7.50% (4% deferred forgivable actual interest rate)
x 80%
6.00% (effective interest rate after income tax credit with an MCC)
Join us to learn about all the benefits of the MCC program. The webinar will include a live Q&A so bring your questions!
