Available to first-time buyers and veterans, MCC is a tax credit that reduces a homeowner’s federal tax liability by 30% of the mortgage interest they pay. Eligible homeowners purchasing new construction are eligible for a tax credit of up to 50% of the mortgage interest. The maximum MCC tax credit is $2,000 for every year that the buyer occupies the home.
Mortgage Credit Certificate Program: http://www.nchfa.com/homebuyers/hbwhatweoffer.aspx#mcc
Mortgage Credit Certificate Program Guide: http://www.nchfa.com/Forms/Manuals/MCC/MCCGuide.pdf
Participating lenders: http://www.nchfa.com/Applications/IncomeSalesLender/MCC_ISL_StatewideLenderList.aspx
Tags: Homeownership; Mortgages