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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


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


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