SC Mortgage Credit Certificate (MCC)

South Carolina State Housing Finance & Development Authority

Available Down Payment

About This Program

Federal tax credit equal to 20% of annual mortgage interest paid, reducing federal income tax liability. For first-time homebuyers meeting income limits. Credit lasts for the life of the loan.

Credit equals 20% of annual mortgage interest paid, up to $2,000/year max

Key Details

  • Annual federal tax credit of 20% of mortgage interest
  • Maximum $2,000 per year credit
  • For first-time homebuyers meeting income limits
  • Credit lasts for life of the loan
  • Can be combined with other homebuyer programs

How to Apply

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

Deadline: Ongoing program, subject to federal allocation

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 Hilton Head Island, SC

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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