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Virginia Housing Mortgage Credit Certificates

Boost the tax benefits of owning a home!

VHDA Mortgage Credit Certificates

If you’re buying your first home, a Mortgage Credit Certificate (MCC) from Virginia Housing could save you thousands of dollars by reducing the amount of federal income tax you owe.

Unlike an income tax deduction, an MCC is a dollar-for-dollar credit against your federal income tax liability:

  • The credit is equal to 10 percent of the annual mortgage interest you pay.
  • The remaining 90 percent may still be taken as a tax deduction.
  • The MCC is effective for the life of your mortgage, as long as you live in the home.

To be eligible for an MCC, homebuyers must:

If you obtain and use a MCC and then sell your home in the first nine years of homeownership, you may be subject to the Federal Recapture Tax.


Mortgage Credit Certificates
Mortgage Credit Certificates for First-time Homebuyers

How to Claim your MCC Tax Credit
How to Claim Your MCC Tax Credit



Take the next step by applying for a Mortgage Credit Certificate through any approved participating lender.

Find an MCC Lender

Virginia Housing determines whether homebuyers qualify for MCCs under the Internal Revenue Code, but homebuyers must determine for themselves whether an MCC will save them money and how valuable an MCC will be for them over the life of their loan. Virginia Housing cannot and does not provide tax advice. Consult with your tax advisor.

If after speaking with your lender you have additional questions, please contact Virginia Housing:


For Tax Advisors

Interactive FAQ | PDF FAQ

Contact Us

Homebuyer Department

Toll Free: 800-227-8432
Local: 804-783-6725


Customer Service

Toll Free: 877-VHDA-123
Local: 804-782-1986


Virginia Relay

In Virginia: 711
Toll Free: 800-828-1140


Virginia Housing Fraud, Waste or Abuse Hotline

Phone: 804-915-3146
Website: Reporting Fraud, Waste or Abuse