First Time Home Buyer Programs


I’m going to tell you about a first-time home
buyer loan program that you don’t want to miss. I’m Sean Dezahd, Broker Associate of Keller
Williams Realty / the California Homes Group in beautiful Orange County, California. Now the Mortgage Credit Certificate Program
is actually used in conjunction with FHA, VA, and conventional financing. So what this MCC program allows you to do
is get 20% of the interest that you pay on your loan back to you. So what does that mean for you? Let’s just use a nice round number. Let’s say your mortgage payment per month
has $1,000 a month of interest. So that would be $12,000 a year of interest
that you’re paying on your mortgage. Now with this MCC Program, you would actually
be getting $2,400 credited back to you. So this effectively makes that $1,000 a month
of interest that you’re paying $800 a month, basically saving you $200 a month in this
scenario. And only a select few lenders are accredited
to do the MCC Program, so you’re really wanting to find that right person to handle your loan. Luckily, I work hand-in-hand with someone
that’s accredited with this program. So even though this program is designed for
first-time home buyers, you don’t necessarily have to be a first-time home buyer as long
as you meet certain criteria. So find out all the different nuances about
this program, feel free to contact me. Either click on the button, or click on the
link below this video, or go ahead and text me at (714) 348-4000.

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