Mortgage rates starting at:

View all interest rates

Mortgage Credit Certificate (MCC) Program for First-Time Homebuyers

The Mortgage Credit Certificate (MCC) Program is our statewide tax credit program for eligible first-time homebuyers, available through participating lenders. The MCC Program offers:
  • Ability for borrower to claim 35% of the mortgage interest they pay each year as a federal income tax credit, providing up to $2,000 per year in tax savings
  • Offered with an affordable Minnesota Housing mortgage
  • Monthly Payment Loan for downpayment and closing costs
  • Income limits up to $99,500
  • Purchase price must fall within the following limits:
    • 11-County Metro: $310,000
    • Balance of State: $265,000
  • Reduction or elimination of mortgage insurance (MI) costs with exclusive conventional loan options, available up to 97% LTV

Want to become a MCC Lender?

If you are not a Minnesota Housing lender and would like to become one, please contact Christina Akinola.

If you are currently a Minnesota Housing lender, there is no additional fee to participate in the MCC Program. You must:

Manuals, Forms & Resources

Required Forms (do not use Start Up or Step Up forms)