Mortgage Credit Certificate Program (MCC)

Brief Description: The MCC allows eligible homebuyers to receive a dollar-for-dollar reduction in their federal income taxes of up to 20% of the annual interest paid on their mortgage. Borrowers can file an amended withholding statement with their employer, and increase their monthly take-home pay by the amount of the credit. This additional income can be used to help qualify a borrower for a loan. The MCC can be attached to any loan statewide, except for a loan financed through any other Montana Board of Housing Program.

Please keep in mind that the MCC is not a loan - it is a TAX CREDIT.

 As of December 1, 2017 at 5:00 PM, MCC's are temporarily suspended until Tax Reform legislation is passed.  We apologize for the inconvenience.  Thank you!

Mortgage Credit Certificate Program (MCC) Reissuance

In the event a Borrower who receives an MCC under the MCC Program, or any previous MCC program of the Board, refinances the related Note, the Board may (but is under no obligation to) elect to reissue such MCC in accordance with such terms and conditions (including without limitation those imposed by the Code) as the Board may specify. A form of an MCC Reissuance Application and Affidavit is attached as Exhibit J.


All Mortgage Credit Certificate holders who have refinanced their MCC loan, please read the following documents:

Memo to explain re-issuance of MCC after refinancing

MCC Re-issuance Application and Affidavit (Exhibit J)

MCC Guide  (June 2011)

MCC Fact Sheet  *Under Construction*


This is a summary of the Montana Board of Housing program only. For a complete copy of the terms and conditions see the Regular Mortgage Purchase and Servicing Guide and the MCC Program Guide.


Return to HOMEBUYERS Information        Return to HOMEOWNERS Information        Return to RENTERS Information        Return to MULTIFAMILY HOUSING DEVELOPMENT Information        Return to COMMUNITY PARTNER Information        Return to INVESTORS Information

301 S. PARK AVE, STE 240 | PO BOX 200528 | HELENA, MT 59620-0528 | P: (406) 841-2840 | F: (406) 841-2841 | TDD: (406) 841-2702 | TOLL FREE: (800) 761-6264