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Montana program

Montana Board of Housing Mortgage Credit Certificate (MCC) Program

Montana route through Montana Board of Housing. This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Mortgage tax credit Check official rules 2026-04-23
Agency Montana Board of Housing
Support type Mortgage tax credit
Amount highlight Current Montana materials describe MCC as a federal mortgage tax credit rather than as cash assistance. Eligible homeowners may claim a non-refundable federal income-tax credit equal to 20% of annual mortgage interest, capped at $2,000 per year, with unused credit generally carryforward-eligible for up to three additional tax years under the current fact sheet.
Last verified 2026-04-23

Use carefully

Keep the VHLP exception and timing wording explicit

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

Montana MCC is live and detail-safe, but public copy should not flatten the first-mortgage pairing rules. Current official pages broadly bar MBOH bond-financed loans while the FAQ preserves a Veterans Home Loan Program exception.

Source note: Current Montana materials agree that MCC is live statewide, but there is a nuance between the broad "MBOH loans are not eligible" wording and the FAQ statement that MCC can be issued with a Veterans Home Loan Program file. The public page should keep that exception explicit.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Montana program hub if you need the wider state context.

Amount

Current Montana materials describe MCC as a federal mortgage tax credit rather than as cash assistance. Eligible homeowners may claim a non-refundable federal income-tax credit equal to 20% of annual mortgage interest, capped at $2,000 per year, with unused credit generally carryforward-eligible for up to three additional tax years under the current fact sheet.

Type

Mortgage tax credit

Repayment

The MCC is not a repayable loan. Eligible homeowners claim the tax credit on federal tax filings while the home remains a qualifying principal residence, and existing certificate holders may seek reissuance after a refinance under current program rules.

First-time buyer

Varies

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?

Montana first-time homebuyers meeting current IRS and Montana Board of Housing MCC rules, Qualified veterans, buyers in certain targeted areas, and certain manufactured-home buyers on rented lots using current official exceptions to the usual first-time-homebuyer rule, Borrowers using a Montana Board of Housing participating lender, Homebuyers meeting current income, purchase-price, and principal-residence requirements

What support do you get?

Current Montana materials describe MCC as a federal mortgage tax credit rather than as cash assistance. Eligible homeowners may claim a non-refundable federal income-tax credit equal to 20% of annual mortgage interest, capped at $2,000 per year, with unused credit generally carryforward-eligible for up to three additional tax years under the current fact sheet.

Do you repay it?

The MCC is not a repayable loan. Eligible homeowners claim the tax credit on federal tax filings while the home remains a qualifying principal residence, and existing certificate holders may seek reissuance after a refinance under current program rules.

How do you apply?

Work with a Montana Board of Housing participating lender, apply for the MCC in connection with the first-mortgage file after contract and before closing, have the lender submit the certificate package to Montana Board of Housing, and expect the current one-time $750 fee structure split between lender and Montana Board of Housing.

Official source evidence

Current Montana Board of Housing materials show MCC remains live statewide as a federal tax-credit layer equal to 20% of annual mortgage interest up to $2,000 per year, delivered through participating lenders before closing and attached to eligible first mortgages rather than to Montana bond-financed loans.

View official source

Last verified

2026-04-23

current program page and MCC fact sheet verified 2026-04-23

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What paid access adds for Montana Board of Housing Mortgage Credit Certificate (MCC) Program

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Comparison preview

Montana Board of Housing Mortgage Credit Certificate (MCC) Program

Amount: Current Montana materials describe MCC as a federal mortgage tax credit rather than as cash assistance. Eligible homeowners may claim a non-refundable federal income-tax credit equal to 20% of annual mortgage interest, capped at $2,000 per year, with unused credit generally carryforward-eligible for up to three additional tax years under the current fact sheet.

Repayment: The MCC is not a repayable loan. Eligible homeowners claim the tax credit on federal tax filings while the home remains a qualifying principal residence, and existing certificate holders may seek reissuance after a refinance under current program rules.

First-time buyer: Varies

Risk checks preview

What gets flagged before you call a lender

  • Montana Board of Housing Mortgage Credit Certificate (MCC) Program requires a participating lender.
  • Montana Board of Housing Mortgage Credit Certificate (MCC) Program must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate Montana Board of Housing Mortgage Credit Certificate (MCC) Program for this household and loan setup?
  • Which first-mortgage product must be paired with Montana Board of Housing Mortgage Credit Certificate (MCC) Program, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official Mortgage Credit Certificate Program page for Montana Board of Housing Mortgage Credit Certificate (MCC) Program
  • Ask whether your lender is approved for this exact program and loan structure.
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specialty and conditional paths

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