Mortgage Credit Certificate Program (MCC)

Mortgage Credit Certificate (MCC) Federal Tax Credit 

The Mortgage Credit Certificate (MCC) program provides housing assistance by issuing a federal tax credit to first-time home buyers statewide and repeat home buyers in targeted areas.

Program Description:

  • Qualified homebuyers can credit 20% of their annual mortgage interest paid against their year-end tax liability. A tax credit is a dollar for dollar reduction in tax liability.
  • The tax credit is allowable every year for the life of the original mortgage (up to 30 years!)
  • Available to first-time homebuyers statewide and repeat homebuyers in targeted areas.
  • Household income limits can vary depending on family size and property location.
  • Maximum sales price is $224,500 statewide.

In this short video, Scot Veneklase of Treadstone Funding shares an update on the MCC that it is ending December 31st. Give Scot a call for more information about his loan programs.

Scot Veneklase, Loan Officer 
Treadstone Funding
Direct Phone: 616-552-6897
Cell: 616-293-7040
NMLS# 153844

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