City of Dallas HFC Mortgage Credit Certificate Program is a a federal tax credit program that entitles you to take a federal income tax credit equal to thirty-five percent (35%) of the annual interest you pay on your home mortgage, up to a maximum of $2,000 per year. Because the MCC reduces your federal income taxes and increases your net earnings, it is a great help in qualifying for your first home mortgage.
View the Capital Area HFC MCC Program Fact Sheet to learn more on how to qualify, how to apply, program limits and restrictions.
Please contact FirstSouthwest Company at 214-953-4176 or firstname.lastname@example.org for additional program information.
MCC Application Fee – $100
MCC Closing Package Review Fee – $250
MCC Issuance Fee – 1% of the mortgage loan amount
The application fee is $ 100.
How a Homebuyer Qualifies:
City of Dallas Housing Finance Corporation Mortgage Credit Certificate (“MCC”) Program