Texas Mortgage Credit Certificate Program up to $ 2,000

Mortgage credit certificate program up to $ 2,000.

See example !

MCC Example: MCCs are issued directly to qualifying Applicants who are then able each year to take a tax credit equal to a specified percentage of the interest paid on their mortgage not to exceed $2,000. The Mortgage Credit Certificate rate is 40 percent. Thus, an Applicant with a $121,000.00 mortgage (30 year fixed with equal monthly installments of principal and interest) would realize the following savings:

MCC Example
Mortgage Amount: $130,000.00
Annual Percentage Rate: 5.00%
Total Interest Paid First year: $ 6,500.00
Mortgage Credit Certificate Rate: X .40
Tax Credit Amount: $2,600.00
$2,000 (max)


  • Buy with only 3.5% Down Payment.
  • Up to $331,200 Loan in TX with lower PMI than Conventional.
  • Less perfect credit, easy to qualify as low as 600 FICO.
  • 100% gift allowed for down payment.
  • Purchase Plus Rehab Loan – FHA 203k. 
  • An assumable loan
  • Mortgage insurance does not vary by credit score.
  • 2-4 family allowed.
  • Non-occupant cosigner allowed.

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