To qualify for a mortgage credit certificate, both your income and the purchase price of the home must fall within established city guidelines. These guidelines vary by city but generally only permit people who earn an average income or slightly higher than average income.
A limited number of cities have authorized the MCC program. Contact your municipal housing department for more information.
© 1999 Inman News Features © Copyright 1999 CENTURY 21 Real Estate Corporation. All rights reserved.