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Mortgage Credit Certificate Program for First-Time Homebuyers

Layer the savings with the Mortgage Credit Certificate Program!

With the Mortgage Credit Certificate (MCC) Program, you can get an affordable Minnesota Housing mortgage, optional downpayment assistance, and a federal income tax credit of up to $2,000 per year.

Claim a percentage of the mortgage interest you pay each year as a federal income tax credit and deduct the remaining mortgage interest. Plus, get the money-saving benefits of a Minnesota Housing mortgage and downpayment loan.

See how much you could save with the Potential Savings Calculator and learn more in our Frequently Asked Questions.

You may be eligible if you:

  • Are a first-time homebuyer (you have not owned a home in the past three years)
  • Meet income limits
  • Meet purchase price limits:
    • 11-County Metro: $306,000
    • Balance of State: $253,800
  • Meet minimum credit score requirements
  • Have a federal income tax liability
Talk to a tax professional to see if this program would benefit you. Then contact an approved lender partner to get started. You must apply for the tax credit prior to closing on your home.

Already have a Mortgage Credit Certificate?