Tax credit up to 35% of annual mortgage interest, capped at $2,000/year. Stackable with DSHA mortgage + DPA.
Delaware's Mortgage Credit Certificate offers a 35% credit rate — among the highest in the nation. For every dollar you pay in mortgage interest, 35 cents comes back as a direct federal tax credit. On a $250,000 mortgage at 6.5%, that's approximately $5,600 in year-one tax savings.
The MCC can be combined with DSHA's Welcome Home or Home Again DPA programs. The credit continues for the life of the loan, meaning 10-15 years of stacked benefits: DPA upfront plus thousands annually in tax credits. Delaware buyers who don't ask about the MCC are leaving significant money on the table.
We'll show you how to combine Delaware First-Time Homebuyer Tax Credit with other programs to maximize your free money — personalized to your ZIP code and income.