Iowa Mortgage Credit Certificate (MCC)

Iowa Finance Authority

Available Down Payment

About This Program

Federal tax credit equal to 20% of annual mortgage interest paid, up to $2,000 per year. Can be claimed every year for the life of the mortgage. Increases buying power and reduces tax liability for first-time homebuyers.

Annual federal tax credit based on 20% of mortgage interest paid

Key Details

  • Annual federal tax credit up to $2,000
  • Equals 20% of mortgage interest paid
  • Claimed every year for life of loan
  • Must be first-time homebuyer
  • Income limits apply

How to Apply

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

Deadline: Ongoing program

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 Clive, IA

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