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Untitled Lender's Information Return for Mortgage Credit Certificates MCCs

Untitled Lender's Information Return for Mortgage Credit Certificates MCCs

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hey guys I'm JD Cobb branch manager with Town Square mortgage here in Austin Texas and I'm Kelly Gonzalez realtor with exp realy we're here with JD today to tell us more about this MCC program it's pretty awesome you guys really should know about this the MCC program has been around for about 20 years but now more people can use it here in Austin and the surrounding areas it's a 20% tax credit that a firsttime home buyer gets back every single year that they own their property well who qualifies for this NCC okay good question so first of all you have to be a first-time home buyer or a veteran can be a subsequent use so they could have owned a property just sold it and they qualify for this program too it used to be only 401 as a sales price as the maximum but now they' push it up to 582 and also the income limitations used to be around 90,000 annually now it's up to almost 134 a lot more people were able to qualify for this progr

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Form 5329
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