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This guide provides detailed information on the Mortgage Credit Certificate (MCC) program administered by the Indiana Housing and Community Development Authority (IHCDA), including eligibility criteria,
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How to fill out mortgage credit certificate program

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How to fill out MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE

01
Gather necessary documents such as income statements, tax returns, and employment information.
02
Review the specific eligibility requirements for the Mortgage Credit Certificate (MCC) program in your area.
03
Complete the application form provided in the MCC Program Guide accurately.
04
Provide proof of homebuyer education, if required by the program.
05
Submit any additional documentation requested alongside the application.
06
Review the application for completeness before submitting it to the relevant authority.
07
Await approval and follow any further instructions provided upon acceptance into the program.

Who needs MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE?

01
First-time homebuyers looking for financial assistance.
02
Individuals with limited income who are purchasing a home.
03
Homebuyers wanting to reduce their federal tax liability.
04
Those eligible for public assistance or other state and local programs.
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First-time homebuyers: MCC programs are limited to first-time homebuyers (borrowers who have not had an ownership interest in a principal residence in three years).
*The MCC Program must be combined with TSAHC's DPA Program.
To be eligible, individuals must be first‐time homebuyers, meet the program's income and purchase price restrictions, and use the home as his/her primary residence. MCCs generally are subject to the same eligibility and targeted area requirements as Mortgage Revenue Bonds (MRBs).
If you refi, you will lose the MCC.
Mortgage tax credit certificates can help lenders increase their appeal to first-time homebuyers and help more bor rowers qualify for homes by reducing their mortgage payments. MCCs are not a loan product, but rather a federal tax credit.
Form 8396 is an IRS form that lets lower-income homeowners claim the mortgage interest credit, as long as they receive a mortgage credit certificate (MCC) from a state or local government agency.
The qualified homebuyer is awarded a tax credit of up to 20% of the annual interest paid on the mortgage loan. The remaining 80% of the mortgage interest will continue to qualify as an itemized tax deduction. To become a participating lender, you must receive MCC training from our agency.
*The MCC Program must be combined with TSAHC's DPA Program.

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The MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE is a set of guidelines established to help eligible homebuyers obtain mortgage credit certificates, which can reduce the amount of federal income tax owed by the homeowner.
Eligible homebuyers who wish to qualify for mortgage credit certificates must file the MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE.
To fill out the MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE, applicants must provide personal information, income details, property address, and any additional documentation required by the program.
The purpose of the MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE is to provide guidance for the issuance of mortgage credit certificates that help lower the cost of homeownership for first-time buyers.
The MORTGAGE CREDIT CERTIFICATE PROGRAM GUIDE must report information such as applicant income, employment status, property details, and any relevant financial information to assess eligibility.
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