July 20, 2018 | Bulletin #18-15

GSFA MCC Program Updates

GSFA is pleased to announce that additional allocation is available for the GSFA Mortgage Credit Certificate (MCC) Program. In addition, GSFA has updated the Income and Sales Price Limits for the Program, effective for new reservations received on or after July 20, 2018. MCC Income and Sales Price Limits are based on household size for target and non-target areas. Depending on the family size, there may be differences in the limits. Use the lookup tool online to view applicable limits by County. Additional Resources: GSFA MCC Program Overview GSFA MCC Participant Guide GSFA Income and Sales Price Limits (lookup by County) Lender Training / Education

MCC Promotion Extended through December 2018

GSFA is extending the current MCC Promotion through December 31, 2018. The promotion waives the $350 application fee for GSFA MCC reservations if the MCC reservation is made concurrently with a GSFA Platinum Program reservation. To take advantage of the promotional offer, Lenders simply provide GSFA with a copy of the GSFA Platinum Reservation Confirmation along with the GSFA MCC Closing Package in lieu of the $350 GFSA MCC application fee.

© 2018 Golden State Finance Authority. All rights reserved. Lender Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Stay Connected ‌ ‌

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