How does a homebuyer apply for an MCC?
The homebuyer may obtain an MCC through any of the approved Lenders. For a list of
participating lenders in your purchasing area, please email Hilltop Securities at or call 214-953-4176. The homebuyer should apply for the MCC
at the same time he or she makes a formal application for a mortgage loan. The homebuyer
should have a signed purchase offer in hand to buy a house and be ready to supply credit
information, employment data and other information to the Lender.
There is no allocation of Mortgage Credit Certificates by the Lender. After an application is filed,
the Lender will arrange with the Program Administrator to reserve an allocation for an MCC
assisted mortgage loan. This reservation (MCC Commitment) will hold the MCC while the Lender
and the Program Administrator are processing the application.

Show All Answers

1. What is an MCC?
2. What is the difference between a “tax credit” and a “tax deduction”?
3. How does the Homebuyer realize the increase in “home-buying power”?
4. What happens if a qualified Homebuyer cannot use the entire amount of the MCC credit?
5. Will a Homebuyer qualify if they are not a First-Time Homebuyer?
6. Can a Homebuyer apply for a MCC after they have closed on their mortgage?
7. What loans types can be used with the MCC?
8. Does the Mortgage Credit work like the Earned Income Credit?
9. Does a Homebuyer lose their credit if they refinance their mortgage?
10. How does the Mortgage Credit Certificate work?
11. How do you figure the tax credit the Homebuyer can receive?
12. Where does a Homebuyer obtain an MCC?
13. How long does the credit certificate last?
14. What are the MCC requirements?
15. What are income and purchase price limits?
16. What kinds of properties are eligible?
17. How does a homebuyer apply for an MCC?