Mortgage Credit Certificate (MCC)

How can an MCC potentially assist your home purchase?

Mortgage Credit Certificate (MCC) Program Benefits:

  • An MCC provides eligible homebuyers with a Federal Income Tax Credit based on a percentage of the mortgage interest paid each year.*
  • The Tax Credit is a dollar-for-dollar reduction against the homebuyer's Federal Tax liability and is valid for the life of the loan as long as you live in the home.**
  • The Tax Credit may also help homebuyers qualify for the initial purchase of the home, because it may be considered more "qualifying income".
  • An MCC is not limited to just First-Time Homebuyers if the property purchased is in a "Targeted Area".

*Income eligibility requirements, property location restrictions, first-time homebuyer requirements and other restrictions apply. A $500 MCC processing fee is required. **Homebuyers are encouraged to consult with their tax advisor regarding the impact of a MCC on their individual tax liability. Program guideline information may change without notice. Please contact us for the latest program guidelines.

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