Southeast Texas Housing Finance Corporation (SETH) Mortgage Credit Certificate (MCC) Program
Southeast Texas Housing Finance Corporation (SETH) Mortgage Credit Certificate (MCC) Program
Program Category
Tax Credits
Max Amount
N/A
Agency Website
Contact Info
281-484-4663
compliance@sethtexas.com OR
Contact Us: https://sethfc.com/about-us/contact-us/
compliance@sethtexas.com OR
Contact Us: https://sethfc.com/about-us/contact-us/
Program Details
Buyer contribution type
Income calc method
First mortgage types
Freddie Mac,Freddie Mac HFA Advantage,Fannie Mae,Fannie Mae HFA Preferred,FHA 203(b),VA,USDA / RD,In-house
First mortgage terms
Fully Amortizing,Fixed Rate,15-year,20-year,25-year,30-year,40-year,ARM,Interest-only,Balloon
Property types
Single Family Detached, Condo, Townhome/PUD
Repayment triggers
Loan Forgiveness
No
Program Guide
Program Summary:
https://sethfc.com/programs/mortgage-credit-certificate/Program Summary:
https://sethfc.com/programs/mortgage-credit-certificate/Income & Purchase Price Limits:
https://sethfc.com/wp-content/uploads/2024/01/RM-Income-purchase-price-2024-1.pdfProgram Manual:
https://sethfc.com/wp-content/uploads/2024/01/Program-Manual.pdfLender Toolbox:
https://sethfc.com/lender-tool-box/MCC Training:
https://sethfc.com/wp-content/uploads/2024/01/2024-MCC-Training-Website-rm.pdfLimitations
If you sell your home during the first full nine years, make a profit and your income increases each year by 5%, you may be subject to a Federal Recapture Tax. For more information visit the IRS website at www.irs.gov - Form 8828.
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