Mortgage Credit Certificates

SC Mortgage Tax Credit Program – SPEND A LITTLE, SAVE A LOT

A Mortgage Tax Credit Certificate (MCC) allows a homebuyer with a tax liability to take a federal income tax credit for the portion of their annual interest paid on their mortgage loan for a primary residence. A tax credit cannot exceed the actual tax liability for the calendar year. Tax payers may take a credit up to $2,000 per year—whether you itemize your tax return or not—for as long as you live in the home.

Obtaining a Mortgage Tax Credit Certificate from a participating lending partner can cost up to $700 and the cost can often be paid by the seller.

For full details please read our Mortgage Tax Credit Program Guide.