Arizona Mortgage Credit Certificate (MCC)
MCC (Mortgage Credit Certificate)
Veteran or Active-Duty Military, First Time Homebuyer
To be eligible for a Mortgage Credit Certificate (MCC) in Arizona, applicants must gain approval prior to home closing and plan to occupy the property as their primary residence. The program is open to all types of homes, including single-family, manufactured housing, condos, duplexes, and townhouses, and can be used for properties anywhere within the state.
Up to $2,000 tax credit per year
12/01/2020
Permanent
CIC Tucson's Mortgage Credit Certificate (MCC) is an interest tax credit that is used to reduce your federal income tax responsibility each year. It is specifically for first time homebuyers and veterans and can be paired with most Arizona down payment assistance programs.
Loan Programs that can be used with this special offer
PTHS Conventional Purchase - Low Income
Best For: First Time Homebuyers, Low Credit Scores
Conventional option for low income Pima County residents seeking down payment assistance from the "Homebuyer's Solution" program.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
PTHS VA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
VA loan for Pima County, AZ vets and active-duty military seeking down payment assistance via the "Homebuyer's Solution" program.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
PTHS FHA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments, Easy Qualification
FHA program for Pima County, AZ residents seeking down payment assistance from the "Homebuyer's Solution" program.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
PTHS USDA-RD Purchase Loan
Best For: First Time Homebuyers, Zero Down
USDA rural development program for Pima County homebuyers seeking down payment assistance through the "Pima Tucson Homebuyer's Solution" program.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Home in Five Conventional Loan - Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for median income Maricopa County residents seeking down payment assistance from the Home in Five Program.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
Home in Five FHA Loan
Best For: First Time Homebuyers, Low Down Payments
FHA program for Maricopa County, AZ residents seeking down payment assistance through the Home in Five Program.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
Home in Five VA Loan
Best For: First Time Homebuyers, Zero Down
VA loan for Maricopa County, AZ vets and active-duty military seeking down payment assistance through the Home in Five Program.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Home in Five Conventional Loan - Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income Maricopa County residents seeking down payment assistance from the Home in Five Program.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
AZIDA USDA-RD Purchase Loan
Best For: First Time Homebuyers, Zero Down
USDA rural develpment option for Arizona residents seeking down payment assistance, offered by The Arizona Industrial Development Authority (AZIDA).
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
AZIDA VA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
VA program for AZ Veterans seeking down payment assistance, offered by The Arizona Industrial Development Authority (AZIDA).
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
AZIDA Conventional Purchase - Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for median income Arizona residents seeking down payment help, offered by The Arizona Industrial Development Authority (AZIDA).
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
AZIDA Conventional Purchase - Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income Arizona residents seeking down payment assistance, offered by The Arizona Industrial Development Authority (AZIDA).
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA FHA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
FHA program for Idaho residents with competitive interest rates and down payment assistance options.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
IHFA VA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
VA program for Idaho residents with competitive interest rates and up to 2% in credits toward costs.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA RD Purchase Loan
Best For: First Time Homebuyers, Zero Down
RD rural development loan program for Idaho residents with competitive interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Conventional HFA Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income Idaho repeat homebuyers that can be paired with down payment assistance of up to 7% of the purchase price.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Conventional HFA Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for Idaho repeat homebuyers that can be paired with down payment assistance of up to 7% of the purchase price.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
Pinellas County HFA Advantage Conv- Low Income
Best For: First Time Homebuyers, Low Credit Scores
Conventional option for low income Pinellas, Polk, Pasco County residents seeking down payment assistance from the "Home Key HFA Advantage" program.
Min. Credit Score
660
Min. Down Payment
3%
Max. Loan Amount
No Limits
PTHS Conventional Purchase - Median Income
Best For: First Time Homebuyers, Low Credit Scores
Conventional option for Pima County, AZ residents making above 80% AMI and seeking down payment help from the "Homebuyer's Solution" program.
Min. Credit Score
640
Min. Down Payment
3%
Max. Loan Amount
$726,200
AZIDA FHA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
FHA program for Arizona residents seeking down payment assistance, offered by The Arizona Industrial Development Authority (AZIDA).
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
Pima Tucson Homebuyer's Solution 3% Bond
Best For: First Time Homebuyers, Zero Down
Up to 3% down payment and closing cost assistance for Pima County, AZ homebuyers with no first time homebuyer requirement.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
AZIDA HOME+PLUS 3% Assistance
Best For: First Time Homebuyers, Zero Down
The HOME+PLUS program provides up to 3% down payment and closing cost assistance for your Arizona home purchase.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
AZIDA HOME+PLUS 4% Assistance
Best For: First Time Homebuyers, Zero Down
The HOME+PLUS program provides up to 4% down payment and closing cost assistance for your Arizona home purchase.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
Home in Five Advantage 5%
Best For: First Time Homebuyers, Lowest Rates, Zero Down
The Home in Five program provides up to 5% down payment and closing cost assistance for Maricopa County homebuyers.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
AZIDA HOME+PLUS 5% Assistance
Best For: First Time Homebuyers, Zero Down
The HOME+PLUS program provides up to 5% down payment and closing cost assistance for your Arizona home purchase.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
Community Homebuying Assistance Program (CHAP)
Best For: First Time Homebuyers, Zero Down
Flagstaff first time homebuyers can receive up to $15,000 in down payment and closing cost assistance within the city limits.
Min. Credit Score
N/A
Min. Down Payment
1%
Max. Loan Amount
$517,500
Open Doors Down Payment Assistance Program
Best For: First Time Homebuyers, Zero Down
Phoenix first time homebuyers can receive up to 10% in down payment and closing cost assistance within the city limits.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
AZIDA HOME+PLUS 2% Assistance
Best For: First Time Homebuyers, Zero Down
The HOME+PLUS program provides up to 2% down payment and closing cost assistance for your Arizona home purchase.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
Home in Five Advantage 7%
Best For: First Time Homebuyers, Zero Down
The Home in Five program provides up to 7% down payment and closing cost assistance when combined with a Conventional Loan.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
Pima Tucson Homebuyer's Solution 3% Grant
Best For: First Time Homebuyers, Zero Down
Up to 3% down payment and closing cost grant for Pima County, AZ homebuyers that does not need to be repaid.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
Pima Tucson Homebuyer's Solution 5% Bond
Best For: First Time Homebuyers, Zero Down
Up to 5% down payment and closing cost assistance for Pima County, AZ homebuyers with no first time homebuyer requirement.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
IHFA Forgivable Loan
Best For: First Time Homebuyers, Zero Down
The Idaho Housing Forgivable Loan provides up to 3% down payment and closing cost assistance for your Idaho home purchase.
Min. Credit Score
N/A
Min. Down Payment
0.5%
Max. Loan Amount
No Limits
Home in Five Advantage 6% Heroes
Best For: First Time Homebuyers, Lowest Rates, Zero Down
The Home in Five Heroes program provides up to 6% down payment assistance for military, teachers, and first responders.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
No Limits
Chenoa 3.5% Forgivable DPA
Best For: First Time Homebuyers, Zero Down
Chenoa Fund DPA: 3.5% assistance for FHA loans, min credit score 600.
Min. Credit Score
N/A
Min. Down Payment
0%
Max. Loan Amount
No Limits
* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers.
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