MORTGAGE CREDIT CERTIFICATES IN MN
Combine a a Mortgage Credit
Certificate (MCC) with an
MHFA Start Up or Step Up down payment
assistance program for additional savings on your new home
MORTGAGE CREDIT CERTIFICATES
By adding a Mortgage Credit Certificate option, first time home buyers can potentially save up to an addition $2,000 a year on their taxes.
The Mortgage Credit Certificate program, also known as an MCC program, can help first-time homebuyers save money over the long term.
The MCC program helps home buyers get 35% of their mortgage interest back every year as a federal income tax credit. This can add up to as much as $50,000 in tax savings over the life of the loan.
Buyers can combine the MCC with an affordable Minnesota Housing Finance Agency (MHFA) loan, and even take advantage of optional down payment assistance loans.
To be eligible for a Mortgage Credit Certificate:
The rules and guidelines for first time home buyer and down payment assistance programs, and mortgage credit certificates in MN are a bit overwhelming for most potential new home owners.
We suggest you don't try to figure it out yourself... Rather, simply call us at (651) 552-3681, or fill out a full online application. Our licensed professional Loan Officers will review the application, zero in on the best loan for you, then contact you to discuss your options, all with NO COST and NO obligations whatsoever.