Federal tax credit on mortgage interest paid. Reduces taxes every year for the life of the loan.
Kentucky's Mortgage Credit Certificate offers a federal tax credit on annual mortgage interest paid. The credit directly reduces your tax bill — more valuable than a deduction of the same amount.
KHC's MCC can be stacked with either the Regular or Affordable DAP, creating a package of upfront DPA plus ongoing annual tax savings. Kentucky's low home prices mean the percentage credit translates well even on modest mortgages, providing meaningful annual savings for low-to-moderate income buyers.
We'll show you how to combine Kentucky MCC with other programs to maximize your free money — personalized to your ZIP code and income.