Compare the different loan types and down payment assistance
See how much you can save on taxes with an MCC tax credit
PLEASE NOTE: Due to the market conditions caused by COVID-19, a few of our participating lenders have temporarily suspended their participation in our program. We encourage you to view our Approved Mortgage Companies page before contacting a loan officer.
TSAHC offers Mortgage Credit Certificates, also known as MCCs, to first-time home buyers. An MCC is a mortgage interest tax credit that reduces the amount of federal income taxes you pay 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.Use the calculator below to estimate the cumulative tax savings you will receive with an MCC.
See how the MCC program lowers your federal income tax bill every year that you live in your home.
Reduce your federal income tax liability every year
Save thousands of dollars over the life of your mortgage loan
Exclusively for first-time home buyers (defined as anyone who has not owned a home in the last three years)
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.
Fair Housing: Know Your Rights
© 2020 Texas State Affordable Housing Corporation
Site Map | Site Policies | Terms of Use | Report A Website Problem | Site by: TradeMark Media
