Other Housing Programs

HUD Homes for Sale

The federal Department of Housing and Urban Development has homes to sell, and anyone who can qualify for a mortgage can buy. For information visit http://www.hud.gov or call (714) 796-5577 or (888) 827-5605.

Mortgage Credit Certificate (MCC) Program

A homebuyer who holds an MCC is entitled to take a credit against his/her federal income tax liability each year. The effect of the MCC is to directly reduce the monthly housing costs and increase the ability of a homebuyer to qualify for a mortgage loan. The program allows buyers to reduce their income tax obligation through adjustments to their W-4 withholding.

The amount of MCC credit claimed by a homebuyer depends upon the amount of mortgage interest paid (or accrued) during the year and the applicable credit rate as established by the MCC issuer. An MCC holder is also eligible for mortgage interest tax deductions on the portion of interest not used as a credit.

An MCC is not a mortgage, and it is available only to qualified first time buyers. Income limits and house price limits apply. For more information, contact the County of Orange at (714) 480-2900.

Mortgage Revenue Bond Mortgages

The County of Orange and the Southern California Home Financing Authority provide 30-year mortgages at below-market interest rates with a rebate option. This mortgage program is available to income eligible first-time homebuyers. For information, call the County of Orange at (714) 834-3014. Contact Richard Mendoza.

Extra Credit Teacher Home Purchase Program

Full-time teachers serving in designated low performing schools can qualify for a reduced interest rate mortgage with down payment assistance. For details, call the County of Orange at (714) 480-2791.

Affordable Housing Clearinghouse

The Affordable Housing Clearinghouse is a non-profit organization dedicated to financing affordable housing in Orange County. As part of its mission, the Clearinghouse assists low- to moderate-income families purchase a home by providing a variety of zero-down, credit-flexible mortgage loans, homebuyer education, and credit counseling.

Consumer Credit Counseling Services (CCCS)

CCCS offers free Fannie Mae first-time homebuyer certification classes, which may help reduce mortgage insurance costs. CCCS can be reached at (714) 547-2227.

Habitat for Humanity

Habitat for Humanity builds homes for families most in need of affordable housing. The Orange County chapter can be reached at (714) 434-6200.












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