Home Possible MCC Program

mortgage credit certificate program - Home is Possible

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:

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, surviving spouses and National Guard service personnel are eligible.

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Whether you’re a homebuying newbie or a homeowner veteran, one thing’s for sure: you’ll be even smarter after completing our free homebuyer education course.