Housing Finance Authority (HFA) of Manatee County – Mortgage Credit Certificate (MCC) Program – Targeted

Special Alert

Only allowable on Targeted Areas in Manatee County

Maximum Purchase Price



The MCC will be effective only as long as the home remains the Borrower’s principal residence along with the original mortgage issued in conjunction with the MCC. New Loans – The loan must be made to acquire a home and may not be used to refinance a home or pay off an existing home/mortgage. Prohibited Loans – MCCs may not be issued for loans funded from a mortgage revenue bond program or for loans made by persons related to the buyer. No interest may be paid to a person related to a buyer. Recapture Tax – If the holder of the MCC disposes of the home within the full 9 years after issuance of the MCC or it ceases to be the MCC holder’s principal residence, a portion of the tax credit may be subject to recapture pursuant to section 143(m) of the Internal Revenue Code.

Credit Score Requirements

Minimum Credit Score: 640

Deferred Payments?

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Fannie Mae, Fannie Mae HFA Preferred, FHA 203(b), VA

Homeowners Education Class:

Not Required

Is Forgivable?


1 County: Manatee Targeted Areas in Manatee County Florida

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 guidelines AMI Source is HUD’s North Port-Sarasota-Bradenton, FL MSA Median Family Income. This program considers HOUSEHOLD INCOME not income of the borrower. Household income includes the income of borrower, spouse. Remember if persons are not divorced they are married. We count the income of the spouse whether they reside in property or not. Also include the income of all who will reside in the home 18 years of age or older (children, parents on social security, etc). Include the income of non-borrower co-habitants who will reside in the property. However, do not include (1) dependents that are claimed on tax returns but who will not permanently reside in the home the majority of the time and (2) co-signers. The Affidavit, executed by the borrower(s), and certified by the lender, must include the total verified annual household income.

Maximum Assistance

Education Requirements Info:

Homebuyer education is encouraged, but not required.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-2HH3-8 $108,480$126,560 *Income limits as of 06/05/2023

Qualifying Ratios:

Based on 1st loan guidelines.
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.