MSHDA Mortgage Credit Certificates

The Michigan State Housing Development Authority (MSHDA) is offering a Mortgage Credit Certificate (MCC) which is a federal tax credit for people who have purchased a home. The MCC allows home buyers to credit 20% of their annual mortgage interest paid against their year-end federal income tax.

The tax credit is good for the life of the original loan and must meet the following criteria.

• Purchase Price maximum of $224,500
• Household income: varies statewide and is determined by location and family size.
• Single Family home
• Max 2 acres
• Cannot be combined with a MI First Home or a MI Next Home MSHDA Mortgage