Arizona Mortgage Credit Certificate (MCC)

Type

MCC (Mortgage Credit Certificate)

Special Requirements

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.


Benefit

Up to $2,000 tax credit per year

Start Date

12/01/2020

End Date

Permanent

How it works

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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