Mississippi · Annual tax credit

Mississippi MCC

40% of interest = ~$2K/year (highest in US)

Tax credit of up to 40% of annual mortgage interest, capped at $2,000/year. Highest MCC rate nationally.

Mississippi offers the highest Mortgage Credit Certificate rate in the nation at 40% — meaning 40% of your annual mortgage interest is returned as a direct federal tax credit. On a $150,000 mortgage at 6.5%, that's approximately $3,900 in year-one tax credits.

Over a 30-year mortgage, the cumulative value of Mississippi's 40% MCC can exceed $60,000 in tax savings. When combined with one of MHC's DPA programs, Mississippi buyers receive both upfront assistance and decades of ongoing tax benefits — one of the most complete homebuyer incentive packages in the country.

Amount40% of interest = ~$2K/year (highest in US)

TypeAnnual tax credit

Available inMississippi

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleSingle-family only