Michigan · Annual tax credit

MSHDA Mortgage Credit Certificate

Annual tax credit on mortgage interest

Federal tax credit based on mortgage interest paid. Saves hundreds per year for the life of the loan.

Michigan's Mortgage Credit Certificate provides a federal tax credit on annual mortgage interest. The credit stacks with MSHDA's DPA for combined upfront and ongoing benefits. Michigan's moderate home prices mean the MCC delivers meaningful relative savings.

AmountAnnual tax credit on mortgage interest

TypeAnnual tax credit

Available inMichigan

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleSingle-family only

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

MSHDA MI 10K DPA $10,000

Michigan · Deferred 0% loan

MSHDA First-Generation DPA $25,000

Michigan · Deferred loan

MSHDA MI Home Loan Below-market rate, stackable with MI 10K DPA

Michigan · Subsidized loan

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