How to First Time Home buyer’s buy a home in Seattle with the MCC Program | GUILD MORTGAGE | Tom Jarzynka
To buy a house in Seattle with the MCC Program, you will need to first see if you can qualify for the MCC Program. If you are in Seattle, in order to qualify then you will need to be within the King County Income Limits. You can find these income limits at the Washington State Housing Finance Commission website (click on hyperlinks).
Also, it would be wise to call me (a lender who is approved for the MCC program) to help you make sure that you understand if you can qualify or not and to explain to you the details of the MCC program. It is always smart to have your income reviewed by the state in advance of going down this MCC program road, just to make sure that you will qualify.
In order to do this, you will want to gather up your last three years of Tax Returns and pay stubs covering a 45 day period. You will then send me these documents and I will submit them to the state for their review; their review turn around is normally 24-48 hrs.
Once we have made sure that you qualify for the MCC program then you will need to attend a First Time Home Buyers class. You will sign up for a First Time Home Buyer classes through the WSHFC website. The class is an all day course (or two course split over two days) that you need to attend. Call or email me to discuss more.
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