GSFA MCC® — Guide

Lender Participation Guide

GSFA MCC® Program

Information in this Lender Participation Guide is intended for mortgage professionals only. The Participation Guide furnishes Lenders (and real estate professionals) with complete program guidelines and an understanding of the steps to be taken to begin participating in and/or originating GSFA Mortgage Credit Certificate (MCC) Program transactions. It is organized by the tabs below, for easy reference.


The GSFA MCC Program is currently out of funds.

GSFA will provide a lender announcement as soon as MCC funds are made available via the California Debt Limit Allocation Committee (CDLAC).

Click on the tabs below to display contents.


GSFA MCC® Guidelines
Program Updates (Single-Family Bulletins)
Income and Sales Price Limits
Reservation System


Mortgage Credit Certificate

Providing an Annual Tax Credit to First-Time Homebuyers and Qualified Veterans

Lender assists homebuyer with applying for a GSFA MCC at the same time that the homebuyer qualifies for the mortgage loan.

Program Overview

The credit from a Mortgage Credit Certificate can be substantial. For the GSFA MCC Program, the annual tax credit is 20% of mortgage interest paid each year. This can mean thousands of dollars each year, for the life of the loan.

Plus, qualifying for an MCC may also help the homebuyer qualify for the mortgage loan itself…

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