A Mortgage Credit Certificate (MCC) is a federal income tax credit valued at 15% to 20% of the mortgage interest you pay each year that you own your home.  The MCC is offered by the Los Angeles Housing Department and can be used in conjunction with your East Valley HOP program loan.  The MCC acts to boost your home buying power by lowering your federal tax obligation which in turns increases your annual income, usually by about $2,000.  This additional income can be used by your mortgage lender to help you qualify for the loan you need to purchase your home. 

During your individual counseling session we will determine if your are eligible for the MCC program and include this assistance in your overall financing package.