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: ‚ÄĒ Total DTI: Up To 45%