Texas Department of Housing & Community Affairs (TDHCA) Mortgage Credit Certificate (MCC) Program - Targeted
Texas Department of Housing & Community Affairs (TDHCA) Mortgage Credit Certificate (MCC) Program - Targeted
Program Category
Tax Credits
Max Amount
N/A
Agency Website
Contact Info
512-475-2120 Toll Free: 800-792-1119
Email: txhomebuyer@tdhca.texas.gov
Email: txhomebuyer@tdhca.texas.gov
Program Details
Buyer contribution type
Income calc method
First mortgage types
Fannie Mae HFA Preferred,FHA 203(b),VA,USDA / RD
First mortgage terms
Fully Amortizing,Fixed Rate,15-year,30-year
Property types
Single Family Detached, Condo, Townhome/PUD, Manufactured Home
Repayment triggers
Loan Forgiveness
No
Program Guide
The Process:
https://thetexashomebuyerprogram.com/homebuyersMCC Fact Sheet:
https://thetexashomebuyerprogram.com/uploads/Revised-mcc-fact-sheet-06262020.pdf?v=1602265447MCC Fact Sheet:
https://thetexashomebuyerprogram.com/uploads/Revised-mcc-fact-sheet-06262020.pdf?v=1602265447Program Chart:
https://thetexashomebuyerprogram.com/uploads/Program-Chart-Final.pdfIncome/Purchase Price limits:
https://thetexashomebuyerprogram.com/uploads/Limits.pdfRates:
https://thetexashomebuyerprogram.com/ratesLender Guide:
https://thetexashomebuyerprogram.com/uploads/Lender-Guide.pdf?v=1671823022Lender Portal (requires login):
https://www.tdhcalenderportal.com/Bin/Display.exe/ShowSectionLimitations
MCC's combined with TDHCA 1st mortgage and DPA must meet the underwriting guidelines of the 1st Mortgage.
The Mortgage Interest Credit (MCC) is a non-refundable tax credit, therefore, the Homebuyer MUST have tax liability in order to take advantage of the tax credit.
Cannot be combined with a Mortgage Revenue Bond product/Program when a Standalone MCC.
The Mortgage Interest Credit (MCC) is a non-refundable tax credit, therefore, the Homebuyer MUST have tax liability in order to take advantage of the tax credit.
Cannot be combined with a Mortgage Revenue Bond product/Program when a Standalone MCC.
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