U.S. Department of Housing and Urban Development (HUD): HUD's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination.- Fannie Mae: Fannie Mae provides financial products and services that make it possible for low, moderate, and middle income families to buy homes.
- Freddie Mac: Freddie Mac is a stockholder-owned corporation chartered by Congress to increase the supply of money that mortgage lenders can make available to homebuyers and multifamily investors.
- Mortgage Credit Certificate (MCC): The MCC program offers qualified first-time homebuyers a 15% federal income tax credit (in additional to the standard tax treatment of mortgage interest) on the interest portion of their mortgage payment. This credit can be taken on the federal tax return each year the buyers lives in the qualified home. For more information, please contact the Community Development Commission County of Los Angeles at (323) 890-7034.
- Veteran’s Administration (VA) Home Loan Program: The VA loan program provides eligible Veterans with a certificate that will allow them to purchase a home with no downpayment and no private mortgage insurance (PMI). For more information, please contact the VA Regional Loan Center at (888) 869-0194.
- Teacher Next Door Program (TND): The TND program allows a qualified teacher to purchase a Housing and Urban Development (HUD) property at a 50% discount from the listed price. HUD offers the TND program nationwide to persons employed full-time by a public school, private school, or federal, state, county, or municipal educational agency as a state certified classroom teacher or administrator in grades K-12. For more information, please contact HUD at (202) 708-1112.
- Officer Next Door Program (OND): The OND program allows a qualified Law Enforcement Officer to purchase a Housing and Urban Development (HUD) property at a 50% discount from the listed price. HUD offers the OND program nationwide to full-time, sworn law enforcement officers who are employed full-time by a federal, state, county or municipal government; or by a public or private college or university. For more information, please contact HUD at (202) 708-1112.
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