Broward County Housing Finance Authority Mortgage Credit Certificate (MCC) Program
Special Alert
Maximum Purchase Price
$382,195 for 1 unit $489,252 for 2 units $591,405 for 3 units $734,978 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
Limitations
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:
Required
Is Forgivable?
Location:
1 County: Broward Property must be in Broward County.
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 100% AMI guidelines 115% AMI for Families of 3 or More persons.
Maximum Assistance
Education Requirements Info:
https://www.broward.org/HFA/programs/Pages/Certified%20HUD%20Approved%20Housing%20Counseling%20Agencies%205-22%20%28002%29.pdf
Eligible Property Types:
Single Family Detached Condo Townhome/PUD Manufactured Home
Income By Household Size:
HH1-2HH3-8 $90,700$104,305 *Income limits as of 04/21/2023
Qualifying Ratios:
Housing Ratio: — Total DTI: Up To 45%
