Mortgage Credit Certificate Program

Mortgage Credit Certificate (MCC) Program

The MCC Program offers qualified first-time homebuyers a federal income tax credit.  The federal credit can reduce potential federal income tax liability, creating additional net spendable income for qualified first-time homebuyers to possibly use toward their monthly mortgage payment. This MCC Program enables qualified first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns. The qualified homebuyer is awarded a tax credit of up to 20% of the annual interest paid on the mortgage loan. The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction.

 

How to Get Started

  • Step 1: Confirm Your Eligibility

    1.  Must be a first-time homebuyer who has not had an ownership interest in any residence at any time in the past three years. 
       
    2.  In order to qualify, the first-time homebuyer’s household annual income cannot exceed program guidelines. 
       
    3. The property purchased must be the homebuyer’s primary residence at all times. 
       

     

  • Participating Cities

    MCC "Non-Target" Areas
    Los Angeles County unincorporated areas and the following cities: 

     

    Participating Cities 
    Alhambra
    Artesia
    Avalon
    Azusa
    Baldwin Park
    Bell Gardens
    Bellflower
    Burbank
    Carson
    Claremont
    Commerce
    Compton
    Covina
    Cudahy
    Culver City
    Diamond Bar
    Downey
    Duarte
    El Monte
    Gardena
    Glendale
    Glendora
    Hawaiian Gardens
    Hawthorne
    Huntington Park
    Inglewood
    Irwindale
    La Mirada
    La Verne
    Lakewood
    Lancaster
    Lawndale
    Lomita
    Long Beach
    Lynwood
    Monrovia
    Montebello
    Monterey Park
    Norwalk
    Palmdale
    Paramount
    Pasadena
    Pico Rivera
    Pomona
    Rancho Palos Verdes
    San Dimas
    San Fernando
    Santa Clarita
    Santa Fe Springs
    Signal Hill
    South El Monte
    South Gate
    West Covina
    West Hollywood
    Whittier

     

     

     

     

     

     

     

     

     


                             

     

     

     

     

  • Step 2: Verify Income Eligibility

    1.  The household’s annual income must be below the following limits: for 1-2 persons the maximum income limit is $104,160.  For 3 or more persons, the maximum income limit is $121,520.   
       
    2.  Annualized gross income is current gross monthly income multiplied by 12. 
       
    3.  Income includes the income of both spouses, whether or not both spouses will be on title. 
       

     

  • Step 3: Find a Home Within an Eligible Area

    1.  The property must be a Single Family Home or a Condominium within the purchase price limits.
       
    2.  Program’s maximum limits in the non-target areas is $589,785, and in the target areas is $720,848. 
       
    3.  Click here to make sure the property is in the Unincorporated area of Los Angeles County, or in one of the MCC Participating Cities. 
       

    MCC "Non-Target" Areas

    Los Angeles County unincorporated areas and the following cities:  

    Participating Cities
    Alhambra
    Artesia
    Avalon
    Azusa
    Baldwin Park
    Bell Gardens
    Bellflower
    Burbank
    Carson
    Claremont
    Commerce
    Compton
    Covina
    Cudahy
    Culver City
    Diamond Bar
    Downey
    Duarte
    El Monte
    Gardena
    Glendale
    Glendora
    Hawaiian Gardens
    Hawthorne
    Huntington Park
    Inglewood
    Irwindale
    La Mirada
    La Verne
    Lakewood
    Lancaster
    Lawndale
    Lomita
    Long Beach
    Lynwood
    Monrovia
    Montebello
    Monterey Park
    Norwalk
    Palmdale
    Paramount
    Pasadena
    Pico Rivera
    Pomona
    Rancho Palos Verdes
    San Dimas
    San Fernando
    Santa Clarita
    Santa Fe Springs
    Signal Hill
    South El Monte
    South Gate
    West Covina
    West Hollywood
    Whittier

     

     

     

     

     

     

     

     

     

     


  • Step 4. Homebuyer Education Seminar

    The first-time homebuyer must complete an 8-hour educational course in homeownership from a HUD-approved counseling agency.

    Click here for list of HUD counseling agencies.

  • Step 5. Contact a Participating Lender

    Contact an MCC Participating Lender to start the process of getting pre-qualified.

    The MCC Participating Lender will submit the first-time homebuyer’s application to our agency.

    Click here for MCC Participating Lenders List.

  • Need Additional Help?

    Contact Information

    Roger Sinila, MCC Administrator
    Email: Roger.Sinila@lacdc.org

    Silvia Delgadillo, Program Supervisor
    Email: Silvia.Delgadillo@lacdc.org