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Mortgage Credit Certificate (MCC)

A Mortgage Credit Certificate (MCC) could mean more money for your first-time buyers (and eligible military veterans) by reducing their federal income tax liability by up to $2,000 per year. The tax credit is good for every year that they occupy their home as the primary residence. Buyers can claim up to 30% of the annual interest paid as a tax credit on existing (previously occupied) homes, and up to 50% on new construction.

The MCC can be used in conjunction with a 30-year fixed-rate mortgage, including FHA, USDA, VA and conventional loan types. Eligible buyers can also pair it with our NC Home Advantage Mortgage™ with down payment assistance for even bigger savings. We offer MCCs through participating lenders statewide.

Buyer Eligibility

To be eligible for an MCC, your buyers must:

  • Be first-time buyers (not have owned a home in the past three years) or military veterans or be buying homes in certain targeted census tracts
  • Meet income and sales price limits
  • Purchase a home in North Carolina
  • Occupy the home as their principal residence within 60 days of closing
  • Be a legal resident of the United States.

Property Eligibility

An MCC can be used to purchase:

  • New and previously owned detached homes
  • Townhouses
  • Condominiums
  • New or used manufactured homes*

* Please note that if the MCC is used with our NC Home Advantage Mortgage™, only new construction, doublewide (or larger) manufactured homes are eligible.

Get Started

1

If you’d like to provide your clients with more information on the MCC, we have materials to help explain how it works.

Download MCC Brochure

2

Want to be a Preferred Real Estate Agent with our Agency? Attend a training class on our mortgage products, earn CE toward your license and get listed on our website!

Find a Training Class