Funding Approved for Mortgage Credit Certificates
In addition to the First Time Homebuyer Program, the CDA also offers Mortgage Credit Certificates to borrowers, which allows a borrower a credit of up to $2,000 against their Federal tax liability each year that the borrower lives in the home.
The Board of Commissioners approved the request to allocate $10 million to provide Mortgage Credit Certificates for borrowers using the First Time Homebuyer Program.
For more information about the First Time Homebuyer Program and the benefit of Mortgage Credit Certificates, follow the link below for additional details and requirements for the homebuyer programs.