Federal tax credit on mortgage interest. Only $250 fee with SDHDA First-Time Homebuyer Program.
South Dakota's Mortgage Credit Certificate provides a federal tax credit on annual mortgage interest. In a state with no state income tax, every federal tax benefit counts more — and the MCC delivers direct savings to your bottom line each year.
The credit stacks with SDHDA's DPA programs and continues for the life of the mortgage, providing sustained benefit well beyond the initial purchase.
We'll show you how to combine South Dakota MCC with other programs to maximize your free money — personalized to your ZIP code and income.