CalHFA Mortgage Credit Certificate

California Housing Finance Agency

Available Down Payment

About This Program

Tax credit that allows first-time homebuyers to claim 15-50% of their annual mortgage interest as a federal tax credit (not just a deduction), reducing federal tax liability. Credit continues for life of loan as long as home remains primary residence.

Estimated annual tax credit based on 20% of mortgage interest on median Gilroy home

Key Details

  • Federal tax credit on mortgage interest
  • First-time homebuyers in Gilroy
  • Income and purchase price limits apply
  • Credit continues for life of loan
  • Reduces tax liability, not taxable income

How to Apply

A grant-savvy contractor in Gilroy, CA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program subject to funding

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Gilroy, CA

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