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Mortgage Loan and MCC Application.................................................................................. 9  \nB. Lender Underwriting and Verification .................................................................................. 9  \nC. MCC Reservation Requirements........................................................................................... 9  \nD. MHDC Review of MCC Conditional Commitment Submission Package ......................... 10  \nE. Loan Closing........................................................................................................................ 11  \nF. MHDC Reviews Loan after it has closed ............................................................................ 11  \nG. Record Keeping and Federal Report Filing......................................................................... 11  \nH. Revocations ......................................................................................................................... 12  \nI. Transfer of MCC for Mortgage Assumptions Prohibited .................................................... 12  \nJ. Refinancing Original Mortgage Loan.................................................................................. 12  \nK. Post-Issuance Audit............................................................................................................. 12  \nA. First Time Homebuyer Requirement................................................................................... 13  \nB. Total Number of Occupants ................................................................................................ 16  \nC. Principal Residence Requirement ....................................................................................... 16  \nD. Limitation of Household Income ........................................................................................ 17  \nE. Lenders Options for Verifying Income:............................................................................... 18  \nSalaried Employees .................................................................................................................. 21  \nIrregular Income ....................................................................................................................... 22  \nSeasonal Type Workers ............................................................................................................ 22  \nSelf-Employed Applicants ....................................................................................................... 23  \nBusiness Income from Partnerships, S-Corporations............................................................... 23  \nMilitary Personnel .................................................................................................................... 23  \nPastors & Ministers .................................................................................................................. 23  \nChild Support ........................................................................................................................... 23  \nCar Allowance ....................................................................................................................","cbCainULFE0TdKp5","https://ap.wps.com/l/cbCainULFE0TdKp5","pdf",578744,"English","# Section 1 – Introduction and Program Summary\n# Section 2 – Definitions\n# Section 3 – Processing Procedures and Program Administration\n## A. Mortgage Loan and MCC Application\n## B. Lender Underwriting and Verification\n## C. MCC Reservation Requirements\n## D. MHDC Review of MCC Conditional Commitment Submission Package\n## E. Loan Closing\n## F. MHDC Reviews Loan after it has closed\n## G. Record Keeping and Federal Report Filing\n## H. Revocations\n## I. Transfer of MCC for Mortgage Assumptions Prohibited\n## J. Refinancing Original Mortgage Loan\n## K. Post-Issuance Audit\n# A. First Time Homebuyer Requirement\n# B. Total Number of Occupants\n# C. Principal Residence Requirement\n# D. Limitation of Household Income\n# E. Lenders Options for Verifying Income\n# Section 5-Mortgage Loan Requirements\n## A. MCC Submission Package\n## B. Commitment for a Mortgage Credit Certificate","[{\"question\":\"What are the MCC program processing steps covered in the manual?\",\"answer\":\"The manual describes the workflow from mortgage loan and MCC application through lender underwriting and verification, MCC reservation requirements, MHDC review of the conditional commitment submission package, and loan closing. It also covers MHDC reviews after closing and post-issuance audit steps.\"},{\"question\":\"What responsibilities do lenders have in underwriting and verification?\",\"answer\":\"Lenders perform underwriting and verification for MCC-related applications, including options for verifying household income categories. The manual includes detailed guidance for salaried, irregular, seasonal, and self-employed applicants and other listed income types.\"},{\"question\":\"How does the manual treat eligibility and supporting information after application?\",\"answer\":\"Eligibility requirements include first-time homebuyer status, principal residence and occupant limitations, and household income constraints. The manual also addresses residence eligibility rules and treatment of assets, along with recordkeeping and federal reporting expectations.\"}]","Missouri Housing Development Commission Qualified Mortgage Credit Certificate Program Operations Manual - - | PDF",1792760317,126]