- State and Local Housing Programs:
Many state, county and local government programs offer financing for qualifying low-to-moderate income families wishing to purchase their first home. Loan assistance programs like Mortgage Credit Certificate (MCC) offer a partial tax credit for interest on the loan.
These programs typically offer:
- More relaxed qualifying guidelines
- Lower upfront fees
- Lower interest rate
- Fixed rate
This material is not from HUD or FHA and has not been approved by HUD or a government