Arkansas Mortgage Credit Certificate (MCC)

About This Program

Converts a portion of mortgage interest into a direct federal tax credit for first-time homebuyers. The MCC provides up to 20% of annual mortgage interest as a dollar-for-dollar reduction in federal income tax, helping make homeownership more affordable.

Tax credit equals 20% of annual mortgage interest paid, up to maximum credit amount

Key Details

• Tax credit equal to 20% of mortgage interest paid annually
• Must be first-time homebuyer or buying in targeted area
• Income limits vary by county (typically 80-115% AMI)
• Credit can be claimed every year you have the mortgage
• Can be combined with down payment assistance

How to Apply

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

Deadline: Ongoing program, subject to funding availability