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NCHFA MCC PROGRAM

NCHFA MCC Credit


If you are buying your first home, a Mortgage Credit Certificate (MCC) from the North Carolina Housing Finance Agency can put more money in your pocket and make your mortgage payment more affordable.  

The Mortgage Credit Certificate is issued by North Carolina Housing Finance Agency (NCHFA) according to the rules and regulations determined by the IRS.  

How the MCC Credit  Works:

The MCC allows eligible buyers to take a federal tax credit of 30% of the mortgage interest you pay annually. It can save you up to $2000 each year that you occupy your new home.  Because the MCC Credit is an immediate tax credit, you can change the withholding allowances on your W4 to reflect your decreased tax liability and increase your monthly take-home pay. 

Who is Eligible:

The MCC is available to first time homebuyers who meet the sales price and income limits. The maximum sales price limit is up to $225,000 and the maximum income limits range from $89,000 for a family of three in areas such as Raleigh down to $66,000 in more rural area.

An MCC Credit can be used with almost any fixed rate mortgage and with some adjustable rate mortgages. The property must be the homebuyer's primary residence. 

Helpful Links: 

NC Home Advantage Overview

NCHFA Down Payment Assistance

Eligibility Requirements

Apply for program

Q & A about NC Home Advantage Mortgage

MCC Credit

$15, 000 Down Payment Assistance

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Charlotte NC area Real Estate

If you would like more information about the NC Home Advantage Mortgage Program or any other available Homebuyer down payment assistance programs, please feel out the form below.  For a quicker response, or to see if you qualify, you can now APPLY ONLINE. 








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Trena Miller

Pruitt Miller Realty Group
Charlotte, NC 28262

704-965-3319
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