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!