Loan Assistance Programs for Low income and First time Buyers

Now a lot of people have heard of loan assistance programs but no one will explain. Now hopefully i can help you understand some of them and how they work. Now each county has specific called MCC which stands for mortgage credit certificate program (i guess they forgot about the P). Now MCC is for first time home purchasers and low income families that need help getting into a new home. Now without getting off topic and just to piggyback off of this you also have BMR (below market rate)properties which mostly all counties have which have income brackets and housing price brackets. Now back to the MCC program.. Each city within the county has a certain amount the can distribute so sometimes you will have to wait but in the bay area you just need to. Now these are homes that also have criteria for instance you have to live in the home and not rent it out and each city has its own time frame. BMR properties cannot be rented in the bay area. Now you also have FHA loans that can do as much as 0% down up to 3.5% if you qualify. We have a lot more programs that you can qualify for but you'll have to give us a ring so we can see how we can. Now to see if you qualify give us a call to see how we can help. ​