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NC Home Advantage Tax Credit

The NC Home Advantage Tax Credit could make your new homes an attractive option for first-time buyers (those who haven't owned a home as their principal residence in the past three years) and military veterans who are eligible for a Mortgage Credit Certificate (MCC). With an MCC, newly built homes are eligible for a tax credit up to 50% of the annual interest paid, saving your buyers up to $2,000 per year on their federal income taxes for every year that they occupy their home as the primary residence.

An MCC is used in conjunction with a 30-year fixed rate mortgage, including FHA, USDA, VA and conventional loan types. Eligible buyers can combine an MCC with our NC Home Advantage Mortgage™ with up to 5% down payment help for even bigger savings. (MCCs cannot be combined with the NC 1st Home Advantage Down Payment.) We offer MCCs through participating lenders statewide.

Buyer Eligibility

To be eligible for an NC Home Advantage Tax Credit, your buyers must:

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

Property Eligibility

An MCC can be used to purchase:

  • Single-family 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 buyers with more information on the MCC, we have materials to help explain how it works.

Download MCC Brochure


The MCC is offered through participating lenders statewide. Get your buyers connected with a lender in your area.

Find a Lender