Home Possible MCC Program

First-time homebuyers rejoice! The Mortgage Credit Certificate (aka MCC) program provides qualified homebuyers with income tax savings of up to 30% of the interest paid on their mortgage loan.

The annual savings, about $2,000 per year, is like getting a well-deserved bonus during tax season. Over the life of the loan, that could mean tens of thousands of dollars saved. Because the one-time fees are typically less than the amount you’ll save in your first year, you’ll be ahead of the game from the get-go.

Check out these program details.

Key Benefits:

  • Tax credit up to 30% of the interest paid on a mortgage loan
  • Savings to continue each year based on the actual mortgage interest paid
  • Remaining interest can be claimed as a tax deduction
  • Debt-to-income ratio reduced; buying power increased
  • $400 program discount when combined with Home Is Possible (see HIP Plus)
  • Statewide program

Program Requirements:

  • First-time homebuyers (have not owned a home in the past 3 years) or qualified veterans
  • Households meeting normal FHA, VA, conventional or USDA RD underwriting requirements
  • Households within the maximum income and purchase price limits
  • Must live in the home as the primary residence
  • One-time fees: $795 program fee plus $300 lender application fee

Veteran Discount

We are proud to report that the MCC program fees are waived for qualified veterans. Veterans who are honorably discharged, active duty military members who are first-time homebuyers, surviving spouses and National Guard service personnel are eligible.

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Mortgage Credit Certificate Calculator
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Our Other Programs

Get bonus money. Buy a house. Celebrate. In a nutshell, that’s how the Home Is Possible program works.

The MCC program provides homebuyers with an income tax savings of up to 30% of the interest paid on their mortgage loan every year.

Thanks to our veterans and active military personnel, we’re free to give the dream of homeownership. Humbly, we deliver through our Home Is Possible For HeroesTM program.

Can you have too much of a good thing? If that thing is money, we say, “Heck no!” That’s why we’ve created Home Is Possible Plus™, or HIP Plus for short.