OHFA Mortgage Tax Credit (MTC)

About This Program

Federal Mortgage Credit Certificate providing annual tax credit on mortgage interest. MTC Plus: 40% credit, up to $2,000/year, can combine with OHFA DPA (slightly higher rate). MTC Basic: 20% credit in target areas / 15% elsewhere, no credit score requirement. First-time homebuyer required (not owned primary residence in 3 years). Non-refundable; requires tax liability.

First-time homebuyer; income/purchase limits

Key Details

• MTC Plus: 40% credit on mortgage interest, up to $2,000/year
• MTC Basic: 15–20% credit, no credit score requirement
• Non-refundable — must have tax liability to benefit
• Can combine with OHFA Down Payment Assistance (MTC Plus)
• Find lenders at myohiohome.org | 888-362-6432

How to Apply

Deadline: Year-round through OHFA-approved lenders