Texas Mortgage Credit Program

Texas Mortgage Credit Program

What is a Mortgage Credit Certificate?  A Mortgage Credit Certificate  allows the homebuyer to claim a tax credit for some portion of the mortgage interest paid per year.  It is a dollar for dollar reduction against their federal tax liability. Note:  The Mortgage Interest Credit (MCC) is a non-refundable tax credit, therefore, the Homebuyer MUST have tax liability in order to take advantage of the tax credit.

Who is eligible to receive an MCC?  The program is open to those individuals and families who:

  • meet income and home purchase requirements;
  • have not owned a home as primary residence in the past three (3) years;
  • meet the qualifying requirements of the mortgage loan;
  • will use the home as their principal/primary residence.

Note:  The MCC may not be used in connection with the refinancing of an existing loan.  Targeted Areas

Disclaimer

This site is intended for clients that are not currently registered with a Broker. If you have a current Buyers Representation Agreement signed with another Texas real estate Broker, please contact your Agent or Broker. Texas Real Estate Commission Consumer Protection Notice