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MCC/RMCC FORMS, APPLICATIONS, INFORMATION, and LENDER LISTS

Published on: 10/23/2015 4:39 PM
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Mortgage Credit Certificate (MCC) Program

Contact Information:

County of Santa Clara

Office of Supportive Housing

3180 Newberry Drive, #150

San Jose, CA 95118

Attn: Tracy Cunningham

(408) 793-0560

 

UPDATES:
  1. The County has submitted an MCC application to the California Debt Limit Allocation Committee (CDLAC) for their December 16, 2015, allocation meeting.
  2. If the County is awarded an MCC allocation in December, new MCC applications will be accepted beginning on January 15, 2016, and until the MCC allocation is depleted.
  3. MCC applications are NOT being accepted at this time.  Check back on December 17th, 2015, or later for an update.

 

INFORMATIONAL ITEMS:

 UPDATED FORMS COMING SOON!


PARTICIPATING LENDERS BROKERS LIST (MCC & RMCC)


Lender/Broker PARTICIPATION AGREEMENTS  (Complete and Mail to County)

 

MCC PROGRAM FORMS

Phase I. MCC Reservation (Submit to County BEFORE the Close of Escrow)

  1. $500 Application Fee, made payable to the County of Santa Clara
  2. Executed Purchase Contract 
  3. Copy of 1003 Loan Application


UPDATED MCC FORMS COMING SOON!

 

Submit the following documents to the County after the Loan Officer has received the MCC Commitment/Reservation and the loan/ escrow has closed:

Phase II. Post Closing (Submit to County after the Close of Escrow)

UPDATED MCC FORMS COMING SOON!

  1. Copy Final HUD-1 Settlement Statement
  2. Copy Promissory Notes

Once the County has received the above documents, the County will issue the Final MCC Certificate and mail it directly to the homebuyer and a copy to the Funding Lender.

     
RMCC PROGRAM FORMS (Submit to the County after the Close of Escrow)
(An RMCC is NOT dependent upon MCC funding.  The MCC is being Reissued so current MCC funds are not a factor.)

 

  1. RMCC-013 Checklist / Transmittal Form

  2. RMCC-003 Application
  3. RMCC-002 Frequently Asked Questions
  4. RMCC-019 Ownership Change Addendum
  5. RMCC-009 Lender's Closing Certificate
  6. RMCC Exhibit A
    1. RMCC Amort Table for Exhibit A
  7. RMCC -015 Notice of Potential Recapture Tax
  8. HUD-1 Final Settlement Statement
  9. Copy of new Promissory Note
  10. Copy of 1003 Loan Application
  11. Copy of Preliminary Title Report
  12. Copy of new Deed of Trust
  13. Copy of last MCC or RMCC issued
  14. $350 Application Fee, made payable to the County of Santa Clara