Alliance 4 Housing

Partners > Harlingen

Are you a first-time buyer thinking about homeownership?

 
Ready to make your move?
 
Now you can buy a new home and SAVE about
$150 a month!
 
The Harlingen Housing Finance Corporation (serving Harlingen & San Benito) initiated a program to save homebuyers up to $2,000 per year!
 
See a participating lender and ask about the Mortgage Credit Certificate. You may qualify to save money on    your mortgage loan!
 
The MCC is a tax credit that will reduce the federal income taxes of eligible buyers purchasing a qualified residence within the cities of Harlingen and San Benito.
 
You can save up to 35% of your mortgage interest for as long as you own and live in the house.
 
 
This is how it works:
35% MCC Credit
 
Loan Amount
$120,000
Times loan interest rate
 x 5 %
Approximate Annual interest
$6,000
Times MCC Credit Rate
x 35%
Maximum Approximate MCC Savings*
$1,800
*    Federal law limits the annual amount of benefit to $2,000
 
 

 Participating Lenders

The following community-minded lenders have paid a fee and have been trained to use the Mortgage Credit Certificate.

Fairway Independent
Mortgage Corp.
1805 N. Stuart Place Rd., Ste B
Harlingen, TX  78552
(956)-440-1521 
 
1st Choice Mortgage, LLC
2305 N. Ed Carey Drive
Harlingen,TX  78550
(956) 412-2100 
 
Premier Lending
922 E. Harrison, Suite A
Harlingen, TX 78550
(956) 364-2775

Harlingen Housing Finance Corporation Providing Affordable Housing Programs
Harlingen Housing Finance Corporation is a non-profit agency formed by state charter to assist in financing various types of housing-related programs within the Cities of Harlingen and San Benito.
 
One of its responsibilities is to use bond allocation for single-family home financing. In this current single-family bond financing cycle, the Corporation has chosen to use its bond allocation to provide a Mortgage Credit Certificate.
To qualify for the MCC:

There are limits on the maximum income you can earn and obtain a Mortgage Credit Certificate (you  also must meet loan qualification requirements):
 

Number of Family Members

Maximum Non-Targeted Income

Maximum Targeted Income

1-2 Members

$60,300

$72,360

3+ Members

$69,345

$84,420
 
Additionally, the adjusted gross income for last year must be $84,420or less. (These numbers  are  subject  to change annually.)
 
MAXIMUM HOME COST LIMITATIONS
 
All Houses
Non-Targeted Area
Targeted Area
$247,022
$301,929
 
Call 956-244-4115 for a free brochure!