Foothill Ranch Real Estate - First-Time Buyer Program

Real Estate Broker/Owner with Mission Viejo, Foothill Ranch, Lake Forest, Ladera Ranch BRE# 01274644

Foothill Ranch Real Estate - First-Time Buyer Program: Foothill Ranch SculpturesFirst time homebuyers interested in purchasing in Foothill Ranch may wish to apply for a Mortgage Credit Certificate (MCC). The MCC Program is a federal tax credit program that allows you to take a federal income tax credit of up to 15% of the annual interest you pay on your home.  Because the MCC reduces your federal income taxes and increases your net earnings, it is helpful in qualifying you for your first home mortgage.  The MCC is registered with the IRS, and it continues to decrease your federal income taxes each year for as long as you live in your home.

To qualify, a 1-2 person household may not earn more than $111,600 annually, and a 3 or more person household may not exceed $130,200.  The maximum purchase price for a home is $864,177.  You may not have owned a principal residence in the last three years, and you must occupy the home, condominium or townhouse.  The administrator of this federal program is the County of Orange, and you must apply for the MCC through a participating Lender.  Call or email me for additional details.

Visit our Foothill Ranch Real Estate resource pages for comprehensive information pertaining to Foothill Ranch, CA including homes for sale, school information, community guide, market reports, and local real estate & mortgage news as well as housing price trend analysis & market conditions specific to Foothill Ranch.

Posted by

OC Real Estate Solutions                                                            

by DAVE GUBLER| IML REAL ESTATE |  broker license #: 01274644

direct: 949 292 2763   |   office: 949 273 8923 
web: | blog: oc real estate solutions

Successes! 40 Homes Sold In The Last 12 Months: SOLD GALLERY


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
California Orange County Foothill Ranch
Advice for Buyers
foothill ranch real estate
foothill ranch firsttime buyer
buying in foothill ranch california

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

This sounds like an amazing opportunity for first time home buyers David, excellent, informative post.  Hoping it brings you some great opportunities.

Aug 04, 2010 06:38 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Dave Gubler

Realtor | Orange County
Ask me a question
Spam prevention

Additional Information