Mortgage credit certificate programs

Use this helpful mortgage calculator to determine your monthly payment amount and help budget for your new home. Find information on this program for lenders here. Find approved lenders in your area here. See Exhibit U for income limits for this program. View Document. The LHC offers several programs that can assist eligible homebuyers reduce their down payments. See programs offering down payment assistance. Find information on this program for Realtors here. PH Rebuilds B. TSAHC was created in as a self-sustaining nonprofit housing organization.

Our programs target the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas. Skip to Content Skip to Navigation.

Texas State Affordable Housing Corporation. Homeowners are encouraged to consult a tax professional to calculate their credit through the Mortgage Credit Certificate. The MCC may be reissued upon refinance and may be transferable upon sale under certain conditions if reissued by IFA in accordance with program requirement.

Borrowers repay the government a portion of their gain on the sale of their home, depending on 1 whether there is a gain on the sale, 2 the household income at the time of sale, and 3 if the sale occurs within nine years of buying the home.

Recapture Tax is paid directly to the IRS when filing taxes for the year in which the home is sold. Must be a first-time home buyer Defined as not owning your primary residence in the last three years.