Mortgage Credit Certificate (Mcc) Program Lender Participation Agreement is a legal document that was released by the Arkansas Development Finance Authority - a government authority operating within Arkansas.
Q: What is the Mortgage Credit Certificate (MCC) Program?
A: The MCC Program provides a federal tax credit to eligible homebuyers.
Q: What is the purpose of the Lender Participation Agreement?
A: The agreement outlines the terms and conditions for a lender participating in the MCC Program.
Q: How does the MCC Program benefit homebuyers?
A: The program provides a tax credit that can help reduce the amount of federal incometax owed by a homebuyer.
Q: Who is eligible for the MCC Program?
A: Eligibility requirements vary by state, but typically include income limits and being a first-time homebuyer.
Q: What is the role of the lender in the MCC Program?
A: The lender must be approved and participate in the MCC Program in order for homebuyers to utilize the tax credit.
Form Details:
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Development Finance Authority.