Mortgage Credit Certificate

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Dewberry Farm Sunflower Field—Waller County, Texas

SETH Extra Credit MCC Program

$2,000 Grant

MCC Benefits:

  • Helps with qualifying for your mortgage loan
  • $2,000 Tax Credit each year
  • NEW: $2,000 Grant for down payment and closing costs
  • Provided at no cost (FREE) to homebuyers!
  • Can be combined with our 5 Star or GoldStar Program

Program Areas:

The program is available within the counties of Austin, Brazoria, Chambers, Liberty, Matagorda, Walker, Waller or Wharton, Texas, or the Cities of Baytown, Deer Park, Dickinson, La Marque, La Porte, League City, Pasadena, Santa Fe, Shoreacres, Texas City or Tomball, Texas.

Are You Eligible:

  1. SunflowerBuyers must be a first-time  homebuyer (not have owned a home in the past 3 years.) The first-time homebuyer requirement may be waived for borrowers purchasing a home in targeted census tract locations.
  2. Meet program income and purchase price limits determined by location and family size.
  3. Obtain mortgage financing from one of our MCC Program Lenders or search our list below.

How It Works:

Example: Loan Amount...$170,000  Interest Rate...3%
The buyer will pay $5,100 in interest that year
Tax credit provided by our MCC Program: 40%
$5,100 x 40% = $2,040
MCC Savings for the Homeowner: $2,000

Maximum amount of credit allowed per year is $2,000.

Each year our homebuyers claim 40% of their total mortgage interest as a federal tax credit up to a $2000 maximum
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