TSAHC offers a mortgage interest tax credit called a Mortgage Credit Certificate (MCC) that can save home buyers up to $2,000 off their federal income taxes every year. MCCs are specifically for first-time home buyers who are eligible for the following programs:
Homes for Texas Heroes Home Loan Program: for teachers, fire fighters, and EMS personnel, police and correctional officers, and veterans.
Home Sweet Texas Home Loan Program: for Texas home buyers with low and moderate incomes.
Calculate your MCC Tax Savings
Use the calculator below to estimate the cumulative tax savings you will receive with an MCC.
Watch an MCC Program Overview
See how the MCC program lowers your federal income tax bill every year that you live in your home.
Save up to $2,000 every year as a special tax credit based on the mortgage interest paid
Save thousands of dollars over the life of your mortgage loan
Must be a first-time homebuyer (defined as anyone who has not owned a home in the last three years)
No minimum credit score required if used with a non-TSAHC fixed-rate mortgage loan
TSAHC was created in 1994 as a self-sustaining nonprofit housing organization. At TSAHC we believe that every Texan deserves the opportunity to live in safe, decent and affordable housing. Our programs target the housing needs of low-income families and other underserved populations in Texas who do not have acceptable housing options through conventional financial channels. All TSAHC programs are offered statewide, with special attention given to rural areas and other select target areas.