OneRay Mortgage Marketing Home Page

Mortgage Credit Certificate (M.C.C.)
Program Information




  • 20% of the mortgage interest paid on your home loan every year becomes a dollar for dollar tax “CREDIT” subtracted DIRECTLY from your Federal tax liability.
    • This is NOT a tax “DEDUCTION”. A deduction only reduces your income that you pay tax on. The MCC savings is subtracted directly from the tax obligation AFTER it is calculated on your adjusted yearly income.
    • Buyers qualify for a more expensive home price because the monthly savings from the MCC can be added to your employee W4 form so that you BRING HOME MORE MONEY on payday to help make the payment.
    • Benefit is received for the LIFE OF THE LOAN as long as the property is owner occupied.
  • Target areas and qualified veterans are allowed increased income limits and are not limited to first time homebuyers. Census tract list available at:
  • May be combined with FHA, VA, USDA-RHS, Fannie Mae or Freddie Mac purchase loans.
  • May be combined with most other homebuyer assistance and DAP programs.


  • Subject Property - Owner occupied primary residence. SFR, Condo, PUD and 2-4 units are allowed
    • Maximum Sales Price limits by County.
    County: Non-Target areas: Target Areas:
    Fresno County: $351,923 $430,129
    Madera County: $392,307 $479,487
    Tulare County: $300,000 $366,666
    Merced County: $436,154 $533,077
    San Luis Obispo County: $634,615 $775,641
  • Credit - No restrictions or requirements except as per purchase mortgage loan guidelines.
  • Income/Expenses - As per chart by family size and county.
    • Maximum income limits apply. Includes all persons who will live in the home and will be liable for the mortgage including any non-purchasing spouses.
    Max Gross Yearly Income: 1-2 Persons: 3+ Persons: Target Areas:
    Central Valley Counties: $71,400 $82,110 $85,680
    San Luis Obispo: $75,400 $86,710 $90,480
  • Assets - No restrictions or requirements except as per purchase mortgage loan guidelines.
    • $350 application fee paid to CHF at close.

A sort of penalty if the home you buy with an MCC is sold or converted to a rental in the first 9 years. Recapture can only be assessed when:
  • You are making OVER the MCC income limit the year you move from the home and
  • You make a profit from the sale of the home after expenses.
  • Borrower - All buyers and any non-purchasing spouse must be “First Time Home Buyers.”
    • A FTHB has not owned a primary residence for the last three (3) years.
    • Non-Occupant co-signers may own a principle residence of their own.
    • Applicants may own rental properties but must not have lived there for the last three years.
    • Federal 1040’s must not show an IRS schedule “A” primary residence tax deduction for the last three years.
  • Subject to potential recapture.
  • Funds are limited. Allocated on a first come first served basis.

Serving Fresno since 1994
Questions?   Call or Text TODAY - (559) 346-7238
  ✦ ✧ ✦   eMail:  ✦ ✧ ✦  

Seriously!  I love talking to people and answering questions.

- - - - - - - - -
ASL - American Sign Language interpreter available by appointment


Equal Housing Opportunity Lender Equal Housing Opportunity Lender.
Fresno Mortgage Logo
Rates, Program, Fees, and Guidelines are subject to change without notice. Restrictions apply. Not a commitment to lend. OneRay - OneTrust Home Loans only conducts business in states we are approved to. OneRay - OneTrust Home Loans 1702 E Bullard Ave Ste 104, Fresno, CA 93710-5800. Phone: (559) 235-9457 | See licensing below

We are located in Fresno, California but we offer unparalleled home mortgage and refinance service to clients throughout the Great State of California!

I use the information my users provide for internal purposes only. I will not sell your information or share it with outsiders. For more information about the ways that I protect user privacy while collecting data from my website, please see my: Privacy Policy.
★ ☆  FREE  ☆ ★


NOTICE:  This information is not intended to replace professional counsel. No legal advice is implied or intended. Redistribution of these materials is strictly forbidden. Information provided is solely for the private, non-commercial use of the visitor. Unauthorized interception, review, use or disclosure is prohibited and may violate applicable laws including the Electronic Communications Privacy Act.