Indiana Mortgage Credit Certificate (MCC)

Indiana Housing & Community Development Authority

Available Down Payment

About This Program

Federal tax credit converting 20% of annual mortgage interest into a dollar-for-dollar federal tax credit for first-time homebuyers in Bloomington. Credit is claimed annually on federal tax returns for the life of the loan. Income and purchase price limits apply. Must use participating lender.

Credit equals 20% of annual mortgage interest, up to $2,000 per year

Key Details

  • 20% of annual mortgage interest as tax credit
  • Available to first-time homebuyers in Bloomington
  • Credit claimed annually for life of loan
  • Income and purchase price limits apply
  • Must use IHCDA-approved lender

How to Apply

A grant-savvy contractor in Bloomington, IN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program, apply at closing

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Bloomington, IN

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