Mortgage Credit Certificate for Columbus first time home buyers

Real Estate Agent with HER Realtors

Ohio Mortgage Credit Certificate for Columbus first time home buyers

MCC stand for Mortgage Credit Certificate

How does the OHFA (Ohio Home Finance Agency) MCC (Mortgage Credit Certificate) work? 

From their site:

"Homebuyers who qualify for the program receive a Mortgage Credit Certificate from OHFA, which can be used to reduce their household's tax burden every year for the life of their mortgage loan. With an MCC, a percentage of what you pay in mortgage interest (20, 25, or 30%) becomes a tax credit that you can deduct dollar-for-dollar from your income tax liability. The remaining 80, 75, or 70% of your mortgage interest continues to qualify as an itemized tax deduction, as long as you have sufficient tax liability. The MCC Program cannot be used in conjunction with OHFA's First-Time Homebuyer Program."

Is MCC (Mortage Credit Certificate)  just for first time home buyers?  NOT necessarily...

First time home buyer (not owned their primary residence for 3 years)


Buying in a targeted area


Veteran with an honorable discharge

MCC (Mortgage Credit Certificate)  has been around forever...

In the early 90's I had a client campout overnight... in line to be quailfied to receive the OHFA MCC (Mortgage Credit Certificate.)  Thank goodness you don't have to do that anymore.  

An antiquated aspects to the MCC program....

MCC uses 1980 Census info to determine what are target, and non target... areas.  

OHFA - Mortage Credit Certificate  - Participating Lenders

Real Living Mortgage - June Zepp 614-825-8806


Arlington Bank - Brian Hitchcock 614-486-9174


Grants for Grads  - OHFA

Do you use birth control? 




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This post provided by Maureen McCabe HER Realtors*

Contact Maureen McCabe of HER Realtors* - 614.388.8249

HER Realtors  Maureen McCabe

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*Real Living HER

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.




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