February 15, 2019 | by Michael Wilt
Categories: First Time Buyer, Homeownership, Homes for Texas Heroes
It's tax season which means this is the time of year we like to promote our Mortgage Credit Certificate (MCC) program. In simplest terms, the MCC is a mortgage interest tax credit that saves home buyers on their federal income taxes every year. MCCs are available to first-time home buyers who are eligible for either our Homes for Texas Heroes or Home Sweet Texas Home Loan Programs.
If you're like us, you probably have a lot of questions when it comes to something tax-related. That's why we created new MCC tools that help explain the tax benefits of an MCC to home buyers.
MCC Tax Savings Calculator
The below tool (available here) helps home buyers calculate their cumulative tax savings with an MCC.
MCC Program Overview Video
The below video explains how an MCC lowers a home buyer's federal income taxes.
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