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Mortgage Credit Certificate


Mortgage Credit Certificate = Free Money!! 

You can save thousands over the life of the loan with the MCC program! The MCC allows you to claim 20, 30, or 50 percent of the mortgage interest as a tax credit on your annual federal IRS tax returns. The remaining interest paid is still eligible for the home mortgage interest deduction. The Mortgage Credit rate is based on the loan amount. 
      -20 percent MCC $150,001 or greater no cap 
      -30 percent MCC $100,001 to $150,000 - $2,000 a year cap 
      -50 percent MCC $100,000 or less - $2,000 a year cap 

Easy to use 
The MCC is flexible. It works with a variety of loan options. You can pair it with: 
Any FHHA/VA/RD//Conventional loan, including longer term ARMs (5/1 our longer) 
-The MCC can be reissued (RMCC) should you decide to refinance. 
 We have in-house experts that can help you with the MCC submission process. Only three extra documents required! 

Borrower qualifications 
  -First time home buyers 
  -Eligible veterans 
  -Non-first time home buyer rest purchase in in targeted areas 
  -CHFAA approved home-buyer education required 
  -Mid credit score of 620 
  -Must live in the home as a primary residence 
  -Income and purchase price limits (Targeted areas have different in come and purchase price limits and no first time home-buyer requirements. These areas are determined by census tract.) 

Additional details 
  - $250 MCC administrative  fee 
  -You could be subject to the Federal Recapture Tax when you sell the home. 

05/18/2012 - A GOOGLE USER SAYS... Michael was great. He worked hard to get me a really great deal and to make the whole process as smooth as possible. I would definitely recommend him to my friends. Jeannie...Read More
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Colorado Mortgage: 7200 S Alton Way B240 Centennial, CO 80112 - Phone: 303-800-4595


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  • NMLS: 218281
  • CO LMB: 100017466
  • Sierra Pacific Mortgage Company, Inc. DBA Colorado Mortgage is registered with the Colorado Division of Real Estate :: NMLS #828068
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