CalHFA MCC Tax Credit Program
Note – for details, see the Handbooks & Guidelines under GUIDE & FORMS

PROGRAM FUNDS/RATE Twenty percent (20%) MCC tax credit rate
PROGRAM HANDBOOK CalHFA Program Handbook – see the Guide & Frms Tab
ELIGIBLE AREAS Various Cities & Counties within the State of California. Click to View
  • First-time Homebuyers
  • US Citizen or Permanent Resident Alien or Qualifying Alien
  • Meet Income & Acquisition Requirements
  • Principal residence; Must occupy property within 60 days of closing
  • IRS filed TAX returns for past 3 yrs – all Borrower(s) & Spouses
  • FHA, VA, RHS, Conventional
  • See DPA Tab for additional information
  • CalHFA MyHome Assistance Program


  • Income Limits are defined by household size and area
  • Income Requirements (all household incomes) – see very detailed description in the Handbook page 5
  • Click to View MCC Limits
    • If your loan is using MyHome, the stricter of the limits (MCC or MyHome) apply. 


  • Acquisition (Sales Price) Limits are defined by area.
  • Click to View
  • The loan reservation is a 90 day lock.
  • Within 10 days of loan closing, the lender will submit an MCC compliance packet which will contain the required documents listed in the CalHFA MCC Tax Credit Closing Packet Checklist.
  • reservation to approval of mcc file is 90 days
  • If your company would like to participate in this program, Click here
  • Creates the MCC Program
  • Provides the Down Payment Assistance Grant
  • Sets the certificate rate, term, points and options, Lender relationships, Markets the Program
  • Agency Website  Interested in participating, click here


CalHFA Subordinate Financing – MyHome Assistance Program

  • For full MyHome underwriting guidelines and details see the MyHome Program HandbookEXTERNAL_LINK_EHOUSINGPLUS_32x32
  • Can be used for closing costs and downpayment assistance
    1. Lenders submit MyHome loans directly to CalHFA 
    2. Approved by CalHFA
    3. Upon Conditional Approval, Lenders may reserve the MCC & MyHome
    4. Your Household Income is approved by CalHFA & is the amount you should reserve & certify.
  • All questions about MyHome eligibility should be addressed directly with CalHFA
  • MyHome cannot be combined with the ECTP loan program
  • must submit compliance file with MyHome approval and MSV

Non-CalHFA Subordinate Financing

  • This program may be layered with both locality subordinate financing, and or private subordinate liens as long as it meets the requirements of the applicable underwriting guidelines of the Lender and mortgage insurer/guarantor

ALL MCC files without MyHome MUST submit Compliance files with:

  1. Income Worksheet (individual for each borrower)
  2. Summary of Income Worksheet  (family totals)
  3. VOE (for each borrower)
  4. Paystubs (current 4-6 weeks for each borrower)
  • Please make sure that the compliance file has a complete Income Worksheet per borrower. 
  • The income on the worksheet must be GROSS and have been calculated by your underwriters using most current VOE and paystubs
    • this is not credit qualifying income this is GROSS income
  • The totals on the Summary must match the individual
  • Most often missed is OT, Bonus and co-borrower’s       



CalHFA Program Handbook       

  • MyHome Program Handbook (10/5/15)      



eHousingPlus is the Program Administrator, and provides some of the following services:
Administrator Guidelines  (9/20)        

  • Provides the web-based program loan reservation and management system, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews Compliance Files, Timelines, Works with the Agency on Program Goals.
  • Need help, Click here

Program Sample Forms form




The Following Lenders have been approved by CalHFA to originate loans in this Program:




Academy Mortgage Corporation
All Western Mortgage, Inc.
Alterra Group, LLC (FKA Venta)
AmCap Mortgage, Ltd DBA Gold Financial Services
American Financial Network, Inc.
American Mortgage & Equity Consultants, Inc.
American Neighborhood Mortgage Acceptance Company, LLC DBA AnnieMac Home Mortgage
American Pacific Mortgage Corp
American Preferred Lending DBA Pure Mortgage
AmeriFirst Financial, Inc.
Ark-La-Tex Financial Services, LLC DBA Benchmark Mortgage
Augusta Financial, Inc.
Axia Financial, LLC DBA Axia Home Loans
Bank of England
Banner Bank
Bay Equity LLC DBA Bay Equity Home Loans
Bay Valley Mortgage Group dba Pacific Bay Lending
Best Capital Funding
Boston Private Bank & Trust Company
Broadview Mortgage
Broker Solutions DBA New American Funding
CalCon Mutual Mortgage, LLC DBA OneTrust Home Loans
Caliber Home Loans, Inc.
Cardinal Financial Company, Limited Partnership
Castle & Cooke Mortgage, LLC
Cherry Creek Mortgage
Choice Lending Corp
Citywide Home Loans DBA CHL Mortgage
CMG Mortgage, Inc. DBA CMG Financial
Commerce Home Mortgage, Inc.
Cornerstone Home Lending Inc.
Cross Country Mortgage, Inc
CStone Mortgage, Inc. DBA Cornerstone Mortgage Group
Data Mortgage, Inc. DBA Essex Mortgage
Diamond Residential Mortgage Corporation
Dignified Home Loans, LLC
Doorway Home Loans
Eagle Home Mortgage, LLC.
Envoy Mortgage, Ltd
Everett Financial, Inc. DBA Supreme Lending
Evergreen Moneysource Mortgage Company dba Evergreen Home Loans
Fairway Independent Mortgage Corporation
Finance of America Mortgage, LLC.
First California Mortgage DBA FirstCal
First Centennial Mortgage Corporation
First Choice Loan Services, Inc.
First Mortgage Corporation
First Option Mortgage, LLC
Flagstar Bank, FSB
Franklin Loan Corporation DBA Franklin Loan Center
Freedom Mortgage Corporation
Gateway Mortgage Group, LLC
Geo-Corp, Inc.
Gold Star Mortgage Financial Group Corporation
Golden Empire Mortgage
Goldwater Bank, N.A.
GoPrime Mortgage
Grande Home Loans, Inc. DBA GHI Mortgage
Greater Nevada, LLC DBA Greater Nevada Mortgage
Guaranteed Rate, Inc.
Guild Mortgage
Home Point Financial Corporation
HomeBridge Financial Services, Inc.
Homeowners Financial Group USA, LLC
Homepath Lending, Inc.
HomeStreet Bank
Integrity First Financial Group, Inc.
International City Mortgage
iServe Residential Lending, LLC
JAC Financial, Inc. DBA Plaza Loans
JMJ Financial
Kings Mortgage
Land Home Financial Services
Lending Network Associates, LLC dba Greenpath Lending
LendUS, LLC dba The American Eagle Mortgage co.
LHM Financial Corporation
Loan Simple, Inc., LLC
LoanStar Home Loans, LLC
Mann Mortgage
Mason-McDuffie Mortgage
ML Mortgage Corp.
Mortgage Management Consultants
Mountain West Financial
Movement Mortgage, LLC
Nations Lending Corporation DBA NLC Loans
Nations Reliable Lending, LLC.
NBH Bank
Neighbor’s Financial Corp
Network Funding, L.P.
New Penn Financial, LLC
Oceanside Mortgage Company
On Q Financial, Inc.
OnY Glo, Inc.
Pacific Residential Mortgage, LLC.
Pacific Union Financial, LLC
Paramount Equity Mortgage, LLC
Paramount Residential Mortgage Group (PRMG)
Pavia Financial Services, Inc.
Peoples National Bank
Performance Financial, Inc. DBA Pacific Funding Mortgage Division
Planet Home Lending, LLC
Platinum Home Mortgage
Plaza Home Mortgage, Inc.
PNC Bank N.A. DBA PNC Mortgage
Point Mortgage Corporation
Primary Residential Mortgage (PRMI)
PrimeLending A PlainsCapital Company
Provident Savings Bank
Residential Bancorp
Resource Lenders, Inc.
Right Start Mortgage, Inc.
RMK Financial Corp DBA Majestic Home Loans
Royal Pacific Funding Corporation
Sacramento 1st Mortgage, Inc. DBA Comstock Mortgage
Security National Mortgage Company
Sierra Pacific Mortgage Company, Inc
Snapfi, Inc.
South Pacific Financial Corporation
Southern Fidelity Mortgage LLC
Springboard CDFI
Stearns Lending, LLC
Stonegate Mortgage Corporation
Summit Funding
SWBC Mortgage Corporation
SWI Financial Services, Inc. DBA Integrity 1st
Synergy One Lending, Inc
The Mortgage House, Inc.
Ubermortgage, Inc.
Umpqua Bank
United Fidelity Funding Corporation DBA UFF Corp.
VIP Mortgage, Inc. DBA VIP Independent Mortgage, Inc
Vision One Mortgage, Inc
Vitek Mortgage
Wallick & Volk
Watermark Capital, Inc.
Waterstone Mortgage Corporation
Wholesale Capital Corporation
Wintrust Mortgage, A Division of Barrington Bank & Trust Company, N.A.



Interested in becoming a participating lender?  Contact us.
Program Updates
  • reminder-CalHFA will calculate family income for CalHFA MCC Tax Credit eligibility.
    “Family income” is defined as the annualized gross income of a mortgagor, and any other person who will be liable on the mortgage, be vested on title, and live in the residence being financed
  • My Home – Changes to Subordinate Loan Docs  Click to viewEXTERNAL_LINK_EHOUSINGPLUS_32x32
  • 9/10 – Effective on all loans closing on/after 10/3- Program Bulletin #2015-12 – Changes to Subordinate Loan Documents
  • 9/10 – Effective 10/5 – Program Bulletin #2015-11 – New CalHFA MyHome Assistance Program
  • 9/10 – Effective 9/24 – Program Bulletin #2015-10 – Discontinuation of the California Homebuyer’s Downpayment Assistance Program (CHDAP) & CalHFA ZIP Extra
  • 1/13 – Income limits changes – effective 3/13/2015  Program Bulletin 2015-02
  • 11-10 – Changes to the CalHFA MCC Tax Credit Program (including income) – Bulletin 2014-20 
  • 11-10 – Update to Property Eligibility – Bulletin 2014-19
  • 9/9 – New Purchase/Acquisition limits effective 9/9
  • 1/6 – The MCC income limits have increased.  Effective January 6, 2014.  Bulletin 2014-01
  • 12/2 – New Income Limits.  The MCC Income Limits have been decreased to 80%  of Area Median Income (AMI) in order to meet CalHFA goals of low to moderate income goals.
  • 8/5 – NEW income limits
  • 7/1 – The Extra Credit Teach Home Purchase Program is launched
  • CHDAP….  if you are using the CHDAP (down payment assistance program) – click here for requirements
    • underwriters certification should be done OR updated after CalHFA approval for CHDAP.
    • closing forms should be printed after approval for most updated information
  • NON CHDAP – see eHP Administrator Guidelines (pg 8-10)
    • underwriters certify prior to closing
    • Income worksheets required (including VOE & Paystub requirements)
    • closing forms should be printed after approval for most updated information


EhousingPlus University
eHP Lender Program Training

  1. Required for everyone participating in the program
  2. offered 24/7
  3. Click here to attend Program training
eHP System Training*

  1. After you complete the online Lender Program Training, information is provided as to what happens next.
  2. Visit our systems training page  to register for eHP System Training
Should you have any questions on training, please contact

To read more about eHP Program Training, click here.

* System Training is required at least once, so that users gain the knowledge necessary to originate and manage their loans on-line. eHP University provides additional opportunities to re-train and/or refresh your system knowledge. Recurring (experienced) system users do not need to attend system training.