• California MCC Grant


    The California MCC Grant (Mortgage Credit Certificate) is available to First-Time Home Buyers and can make the difference in qualifying or not qualifying for a loan.

    You may qualify as a First-Time Home buyer if you have not owned a property in the most recent three years.

    What is MCC?
    The Mortgage Credit Certificate (MCC) reduces the amount of federal income tax you pay, thus giving you more available income to qualify for a mortgage loan and assisting you with house payments, making it ideal for California’s First-Time Home Buyers.

    How MCC can benefit you
    20% of your annual mortgage interest will be a direct federal tax credit*, resulting in a dollar-for-dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage interest will continue to qualify as an itemized tax deduction.

    *20% of your annual mortgage interest will be considered as income for qualifying!

    Some restrictions apply
    See table below for the maximum income and purchase price allowed for your county.

    Income limits by County

    County Families of 2 or less Families of 3 or more
    Honolulu $120,600 $140,700
    Maui $96,600 $112,700
    Kauai $98,880 $115,360
    Hawaii - Big Island $82,400 $94,760


    Purchase price limits by County

    Honolulu $679,879
    Maui $620,241
    Kauai $672,289
    Hawaii - Big Island $346,987