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Certificate Savings
If you are a first-time home buyer you can apply for a mortgage interest tax credit known as a Mortgage Credit Certificate (MCC). An MCC reduces your federal income taxes every year by allowing you to get 15% of what you spent on mortgage interest back as a tax credit. Because the tax credit refunds a portion of your mortgage interest, it also effectively reduces your mortgage interest rate. To qualify, you must meet certain income requirements and the home must meet certain sales price restrictions. Home buyers that qualify for TSAHC’s Homes for Texas Heroes program will receive their MCC for FREE.
Please Note: TSAHC’s stand-alone MCC program has been discontinued indefinitely. MCC’s may still be obtained in combination with TSAHC’s DPA program, as funds are available.
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Cumulative Tax Savings with an MCC
Take the Pathfinder Quiz to see if you qualify for an MCC or other home buyer assistance from TSAHC.
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Compare savings across multiple loan types
Wondering how it works? Watch the MCC overview video.
Frequently Asked Questions
Contact the Homeownership Team
Who qualifies for an MCC?
First-time home buyers
For purposes of the mortgage credit certificate (MCC) program, a first-time home buyer is an individual or family that has not owned or had an ownership interest in any principal residence during the last three years. This requirement is waived if you are buying a home in a Targeted Area or you are a qualified Veteran. Click here to see if your property is located in a targeted area.
Qualified veterans
Veterans purchasing a home in Texas may be eligible without meeting the first-time home buyer requirement.
Income limits
Your household income must be at or below the applicable income limit for the county where the home is located.
Can I combine a Mortgage Credit Certificate with TSAHC’s down payment assistance?
As long as you meet all of the requirements of both programs, you can use TSAHC’s Mortgage Credit Certificate (MCC) and Down Payment Assistance (DPA) together. In fact, the MCC can ONLY be used in conjunction with our DPA and No-DPA (0%) programs until further notice.
How can I apply for an MCC?
To apply for a Mortgage Credit Certificate (MCC), you must work with one of TSAHC’s approved lenders. The lender will help you fill out the application and ensure that you meet all of the requirements. Click here to find a participating lender in your area. Please note that until further notice, the MCC program can ONLY be used in conjunction with our DPA(down payment assistance) and No-DPA (0%) programs.
Please note that you must apply for the MCC BEFORE you close on your home loan. You cannot apply for the MCC after your loan has closed.
What type of home can I purchase?
Purchase price limits
The home must be within TSAHC’s purchase price limits for the county.
Primary residence
The home must be occupied as your primary residence within a reasonable period after closing.
Eligible property types
Single-family homes, condominiums, townhomes, and some manufactured homes may qualify, provided they meet program requirements.
See if this program is right for you by completing our Path Finder Quiz.
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