IHCDA Mortgage Credit Certificate (MCC)

About This Program

Federal tax credit equal to 25% of annual mortgage interest paid, reducing federal taxes owed (not just a deduction). First-time buyers or targeted census tracts. Stackable with First Step and Next Home. Income and purchase price limits apply.

First-time buyer, stacks with DPA programs

Key Details

• Reduces federal taxes — dollar-for-dollar credit
• 25% of mortgage interest paid each year
• Stackable with down payment assistance programs

How to Apply

Deadline: Claim at purchase — applies every tax year