Mortgage Credit Certificates (MCCs) offer two great benefits with your next home purchase.

  1. These credits allow lenders to slightly increase your income to qualify with your debt-to-income ratio.
  2. Mortgage Credit Certificates are an income tax credit when you file your income tax returns.  This credit is equal to 20% of the annual interest paid on a mortgage.

These MCCs are now available with the VHFA MOVE program and also can be combined with a traditional mortgage.

This credit reduces your federal income tax liability by as much as 20% of the mortgage interest paid in a year and remains as a benefit as long as you keep your original mortgage and you continue to occupy the property as your primary residence.

Contact us today to get more information on this great benefit!