TDHCA Texas Mortgage Credit Certificate (MCC)

Type

MCC (Mortgage Credit Certificate)

Special Requirements

Veteran or Active-Duty Military, First Time Homebuyer

ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by the Texas Department of Housing Community Affairs (TDHCA) or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.


Benefit

Up to $2,000 tax credit per year

Start Date

01/30/2022

End Date

Permanent

How it works

TDHCA's Texas 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 must be paired with TDHCA's "My First Texas Home" program.

Loan Programs that can be used with this special offer
TDHCA VA Purchase Loan

Best For: First Time Homebuyers, Zero Down

VA program for Texas Veterans seeking down payment assistance, offered by the Texas Department of Housing and Community Affairs (TDHCA).

Min. Credit Score

620

Min. Down Payment

0%

Max. Loan Amount

$726,200

TDHCA FHA Purchase Loan

Best For: First Time Homebuyers, Easy Qualification

FHA program for Texas residents seeking down payment assistance, offered by the Texas Department of Housing and Community Affairs (TDHCA).

Min. Credit Score

620

Min. Down Payment

3.5%

Max. Loan Amount

$472,030 - $571,550

TDHCA USDA Purchase Loan

Best For: First Time Homebuyers, Zero Down

USDA program for Texas residents seeking down payment assistance, offered by the Texas Department of Housing and Community Affairs (TDHCA).

Min. Credit Score

620

Min. Down Payment

0%

Max. Loan Amount

$336,500 - $386,400

TDHCA My First Texas Home

Best For: First Time Homebuyers, Zero Down

Up to 5% down payment and closing cost assistance for Texas first time homebuyers with either forgivable or repayable assistance.

Min. Credit Score

620

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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