Federal tax credit on a portion of annual mortgage interest paid, reducing your taxes every year you own.
North Carolina's Mortgage Credit Certificate provides a 30% credit rate on annual mortgage interest, translating to meaningful annual tax savings. On a $250,000 mortgage at 6.5%, that's approximately $4,875 in tax credits in year one.
The MCC can be combined with NC Home Advantage DPA for a powerful stack of upfront and ongoing benefits. North Carolina's 30% rate is higher than the national median, providing above-average annual savings for qualifying homebuyers.
We'll show you how to combine NC Mortgage Credit Certificate with other programs to maximize your free money — personalized to your ZIP code and income.