MCC Tax Credit offers a yearly tax credit up to $2,000!

With the depletion of the funds from the Welcome Home Grant of $5,000 for 2013 you may feel that you have missed all of the free grant money.  There’s still free money in Ohio and it can add up to tens of thousands of dollars.  The program is called the Mortgage Credit Certificate program and it allows for a yearly tax credit of up to $2,000 for as long as you have a mortgage.  With a 30 yr FHA loan of $200,000 at record low rates of 3.25% the credit over the 30 yr term would be just over $22,600.  So you can not only get an unbelievable low rate but get tax credit of over 10% of the original purchase price of the property.TAX CREDITS

 

This program is available to:

· 1st Time Homebuyers

· Homebuyers who have not had ownership in a primary residence over the last 3 years

· All homebuyers in a “Target Area”

· Veterans

There are income and property limitations for this program (please contact me for full details)

Currently there are 3 credit options

· For a single family home the credit is 20% of the yearly mortgage interest paid

· For a single family home in a target area the credit is 25% of the yearly mortgage interest paid

· For a single family REO/bank owned property the credit is 30% of the yearly mortgage interest paid

I offer this program to all 1st time home buyers so email me to see if you qualify. 

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