Lakeland TN News
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Lakeland News
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Local news for Lakeland, TN continually updated from thousands of sources on the web. |
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Chris Griffith First National Realty 6423 Summer Gale Dr. Memphis, TN, 38134
Office: 901-461-5590, 901-255-2745 Cell: 901-461-5590 Fax: 1-866-278-2875
Lic. #: 295552
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rules for mortgage credit certificates |
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What are the rules for mortgage credit certificates?
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.
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