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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!