Program guide
What to know before you click through
This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.
Who qualifies?
Missouri first-time homebuyers, Borrowers using an MHDC certified lender, Buyers meeting current MHDC income and purchase-price limits, Borrowers using the MCC as a standalone credit or pairing it with Next Step
What support do you get?
A federal tax credit equal to 25% of annual mortgage interest for stand-alone MCC, 35% with Next Step DPA, or 45% with Next Step Non-DPA, capped at $2,000 in a single year.
Do you repay it?
No second mortgage repayment applies because MCC is a nonrefundable federal tax credit, not a cash-assistance loan. Unused credit may carry forward for up to 3 years, and the benefit depends on continued program compliance and federal tax rules.
How do you apply?
Work with an MHDC certified lender, confirm first-time-buyer and current limit eligibility, and have the lender reserve and submit the MCC package to MHDC before closing. Eligible borrowers may use the MCC as a stand-alone tax-credit product or pair it with an eligible Next Step lane.
Application timing
MCC lender reservations are first-come and valid 45 days, with closing and final package submission due before expiration; MHDC normally reviews conditional-commitment packages within 5 days and issues the MCC within 30 days after final package approval, but the manual also says MCCs must be issued by December 31, 2025 unless extended.
Official source evidence
Current MHDC materials still describe MCC as a statewide tax-credit option for first-time homebuyers. The 2024 lender-training deck says stand-alone MCC uses a 25% credit rate, Next Step DPA uses 35%, Next Step Non-DPA uses 45%, and the annual credit is capped at $2,000. The 2024 operations manual still contains a Dec. 31, 2025 issuance sentence, so borrowers should verify the live reservation path with a certified lender.
View official source
Last verified
2026-04-23
Effective date not captured.
Paid preview
What paid access adds for MHDC Mortgage Credit Certificate (MCC)
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
MHDC Mortgage Credit Certificate (MCC)
Amount: A federal tax credit equal to 25% of annual mortgage interest for stand-alone MCC, 35% with Next Step DPA, or 45% with Next Step Non-DPA, capped at $2,000 in a single year.
Repayment: No second mortgage repayment applies because MCC is a nonrefundable federal tax credit, not a cash-assistance loan. Unused credit may carry forward for up to 3 years, and the benefit depends on continued program compliance and federal tax rules.
First-time buyer: Required
Timing: MCC lender reservations are first-come and valid 45 days, with closing and final package submission due before expiration; MHDC normally reviews conditional-commitment packages within 5 days and issues the MCC within 30 days after final package approval, but the manual also says MCCs must be issued by December 31, 2025 unless extended.
Risk checks preview
What gets flagged before you call a lender
This panel starts filling as soon as the program structure creates a real repayment or lender-fit question.
Lender questions preview
Questions tied to this exact path
- How does MHDC Mortgage Credit Certificate (MCC) define a first-time buyer for this household?
- Which document version should control MHDC Mortgage Credit Certificate (MCC) right now: program guide, fact sheet, or lender packet?
Action checklist preview
What you would do next
- Confirm the first-time buyer definition before you apply
- Review the official 2024 lender training overview PDF for MHDC Mortgage Credit Certificate (MCC)
