Mortgage Credit Certificate 



VHDA Mortgage Credit Certificate

The Virginia Housing Development Authority (VHDA) offers a Mortgage Credit Certificate program that allows

  • eligible borrowers 
  • to claim a tax credit 
  • for part of the mortgage interest they pay. 

An MCC is a dollar-for-dollar credit against the federal income tax they pay. The link to the VHDA video above explains this benefit. Please do not hesitate to call with any questions. 

The credit is equal to 20 percent of the mortgage interest paid. In addition, the other 80 percent of mortgage interest paid is still eligible for a tax deduction. The MCC is effective for the life of the mortgage as long as the buyers live in the home.

To be eligible, you must:

  • Be a first-time home buyer that has not have owned a home as a primary residence within the past three years (If you owned a home that was not your primary home for the past three years, you may qualify as a first time buyer). 
  • Have income at or below the maximum limit in Northern Virginia. This amount changes each year, so you can call or check with your lender for this number. 
  • Do not exceed the maximum home price. 
  • Live in the home as a primary residence.

If you sell your residence in the first nine years of homeownership, you could be subject to a federal recapture tax. There is a list of ways you are not subject to this recapture tax, so be sure to consult a tax preparer that is familiar with MCC. 

You can apply for an MCC through an approved participating lender on the VHDA. For more information, call to attend a class already scheduled or we will try to schedule one fit your schedule - that depends on how much notice we have. You will receive a certificate for attending. 757-932-7422

Rica J Gilmore,  Realtor®, GRI  144 Shoe Lane, Newport News, VA 23606 1-757-932-7422 VA #0225235314  NC#305512

GRI, HMS, PSA, MRP, SFR, SRS, C-RET, SRES®, RENE

The Virtual Realty Group, 10776 Harry Byrd Hwy, Berryville, VA 22611. Main office: 8116 Arlington Blvd, Ste 115, Falls Church, VA 22042 Telephone 1-888-407-2410 


The listings data displayed on this medium comes in part from the Central Virginia Regional MLS, (CVR MLS) and has been authorized by participating listing Broker Members of Central Virginia Regional MLS, (CVR MLS) for display. Central Virginia Regional MLS, (CVR MLS)  listings are based upon Data submitted by its Broker Members, and Central Virginia Regional MLS, (CVR MLS) therefore makes no representation or warranty regarding the accuracy of the Data. All users of Central Virginia Regional MLS, (CVR MLS) listings database should confirm the accuracy of the listing information directly with the listing agent.

CVR MLS and/or Rica J. Gilmore and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain complications of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

Information Deemed Reliable But Not Guaranteed


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