Home Site Search Media Releases Contact Us
Missouri Housing Development Commission  

 

 

About MHDC
Rental Production
Asset Management
Homeownership
Lender Resources
R.E. Professionals
Community Initiatives
Section 3
MBE/WBE

 

 

 

Homeownership >  Mortgage Credit Certificate (MCC) > MCC Stand Alone

 

 

 

Homeownership & Home Repair

Helpful Links

 
bullet Prequalify Online
bullet Download a Brochure
bullet Locate a Lender
bullet Contact Us

Top Performing Lenders
 

 

 
MCC > More Information

 

bulletLength of Benefit

 

Each year, the mortgage tax credit will be calculated on the basis of 25 percent of the total interest paid on the mortgage loan that year. The MCC will be in effect for the term of the mortgage loan, so long as the residence remains the principal residence. In order to maintain the MCC the homebuyer can adjust their withholdings on their W-4 form with their employer and must file IRS Form 8396 with their federal income tax return. The form can be obtained from the IRS web site at www.irs.gov.


 

Return to More Information

 

 

 

|- Privacy Statement -|- Content Disclaimer -|- Missouri Housing Development Commission -|