Broward County Housing Finance Authority Mortgage Credit Certificate (MCC) Program – Targeted Areas

Special Alert

Program limited to homes in targeted areas.

Maximum Purchase Price

$467,127 for 1 unit $597,974 for 2 units $722,829 for 3 units $898,306 for 4 units

Contact Info:

https://www.broward.org/HFA/programs/Pages/MortgageCreditCertificate.aspx 110 NE 3rd St., Suite 300, Ft. Lauderdale, FL 33301 954-357-4900


Must be a first-time homebuyer. Must meet income and price limits. The Mortgage Credit Certificate is not a mortgage; however, it may be used in conjunction with a first mortgage from a participating lender (except a mortgage revenue bond loan.) Borrowers must meet normal mortgage underwriting requirements, which demonstrate credit worthiness, and meet the program’s income and home purchase price requirements. The benefit cannot exceed the amount of federal taxes paid each year after other credits and deductions have been applied. May be subject to recapture tax if the residence is sold within 9 years of purchase.

Credit Score Requirements

Minimum Credit Score: 640

Deferred Payments?

Accepted First Mortgage Type:

Freddie Mac, Fannie Mae, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?


1 County: Broward Program limited to targeted areas in Broward County, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines 140% AMI for Families of 3 or More.

Maximum Assistance

Education Requirements Info:


Eligible Property Types:

Single Family Detached Condo Townhome/PUD Manufactured Home

Income By Household Size:

HH1-2HH3-8 $108,840$126,980 *Income limits as of 04/21/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 45%
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