Yolo Federal Credit Union has been approved as a local lender to provide mortgage credit certificates for eligible first-time home buyers who meet income eligibility requirements.
This program can provide a tax credit for home buyers on a portion of the mortgage interest paid annually, allowing a dollar-for-dollar reduction in their tax liability, a news release said. This tax credit may help individuals with low to moderate income qualify for a mortgage loan.
“Adding this program and the additional resources it provides may help individuals and families realize their dream of homeownership,” said Matt Isika, vice president for lending at the Yolo Federal Credit Union.
Yolo FCU offers a variety of real estate programs, including FHA and VA financing. For more information, visit www.yolofcu.org or call 530-668-2700.