Federal tax credit on a portion of annual mortgage interest. Reduces your taxes every year you own.
Virginia's Mortgage Credit Certificate provides a federal tax credit on annual mortgage interest. Virginia Housing's MCC can be combined with both the DPA grant and closing cost assistance for a triple stack of benefits.
Northern Virginia's high housing costs make the MCC particularly valuable — larger mortgages generate larger annual credits. A buyer in Fairfax County with a $500,000 mortgage at 6.5% could receive thousands annually in MCC tax credits on top of their upfront DPA.
We'll show you how to combine Virginia Housing Mortgage Credit Certificate with other programs to maximize your free money — personalized to your ZIP code and income.