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MCC Certificate

Mortgage Credit Certificate Tax Credit Program (MCC)*

The MCC Tax Credit is a federal credit which can reduce potential federal income tax liability, creating additional net spendable income which borrowers may use toward their monthly mortgage payment. This MCC Tax Credit program may enable first-time homebuyers to convert a portion of their annual mortgage interest into a direct dollar for dollar tax credit on their U.S. individual income tax returns.

Who is eligible to apply for this program?

Borrower Requirements:

  • You must be a U.S. citizen, permanent resident or other qualified alien.
  • Be a first-time homebuyer.
    • Exception to first-time homebuyer requirements:
      • Home is located in a federally designated targeted area.
      • Qualified veterans pursuant to the Heroes Earning Assistance and Relief Tax Act of 2008.
  • You will need to meet credit, income limits and loan requirements of the lender, insurer, CalHFA or GSFA.
  • You will need to live in the home you are purchasing for the entire term of the loan, or until the home is sold or refinanced.

Property Requirements:

  • The sales price of the home must be less than the allowable purchase price limits in the county in which you are purchasing a home.
  • There is a five acre maximum on the size of the property.
  • The home must be a single family residence (detached).
  • The home can be a detached unit within a planned unit development (PUD).
  • The home can be a condominium or attached unit in a PUD.
  • Property must meet the requirements of CalHFA, GSFA, the Lender and the mortgage insurer/guarantor.
  • Guest houses, granny units and in-law quarters may be eligible

*Restrictions Apply: All loans subject to credit, income, appraisal and other requirements. Rates, Fees and Programs terms are subject to change without prior notice. Down Payment Loans made available through CA Housing Financing Agency and Golden State Finance Authority, a California Non-Profit Agency. MCC Program is not available in all California Counties. Contact Doug Bullwinkel for current guidelines and more information at

Please consult a tax professional for tax advice.