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What is an MCC, and how can it benefit my borrower?

INTRO TO MORTGAGE CREDIT CERTIFICATES

Details on who can apply and with which programs the MCC can be used.

ELIGIBILITY AND PROGRAM REQUIREMENTS

MCC specific frequently asked questions.

MCC

FAQs

This IRS form is designated for holders of qualified mortgage credit certificates Issued by state or local governmental units or agencies. IHDA cannot give tax advice; borrowers should contact their tax professional for tax advice on filling with their Mortgage Credit Certificate.

FORM

IRS-8396

Contains all documents required for the MCC Program. 

MCC

DOCUMENT SET

Homeowners that already have a MCC may request an reissuance after refinancing. Click here for instructions and guidelines.

MCC

REISSUANCE

Lenders must file an annual report with the IRS using form 8329. IHDA sends a cumulative a year-end MCC report to help lenders complete this form.

FORM

IRS-8329

 
 

Program Guidelines

Eligibility

Fees

 
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