Mortgage Credit Certificate Program

The Mortgage Credit Certificate Program (MCCP) is a federal income tax credit, not a loan, that may be used with any mortgage product to help qualify the buyer and provide additional income for the life of the loan.  An MCC makes housing more affordable by helping to qualify first-time home buyers and increasing take home pay. 

This federal income tax credit is available to first-time home buyers (persons not owning their principal residence in the past three years) who meet income and sales price limits.  The household income limit for 1 or 2 persons cannot exceed $69,720 and a household of 3 or more persons cannot exceed $81,340.  For this program, the sales price of the house cannot exceed $525,090.

This is a great product for buyers who have to pay federal income tax.  The program is designed to maximize the MCC benefit for buyers who may take the credit every year for the life of their mortgage loan.  It doesn’t work for people who don’t pay any federal income taxes.

Mortgage lenders and brokers may offer the product.  There is no cost to the lender to do so. If you would like to refer your lender, please click here. Complete the form and submit.

If you have a buyer you think may qualify, we’ll refer you to a participating lender.  Just click here. Simply complete the form and submit.

After submitting, there is an option to link to more detailed MCC program information.

For more information on this program for buyers and lenders, visit www.ComplianceMCC.com.