Webinar: Use the Mortgage Credit Certificate (MCC) Program to Help Qualify More Buyers!
March 28, 2023
10:00am -- 11:00am
Available via Webinar
Virtual Training, Texas
Trainings, Virtual Training
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)
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!