HOME+PLUS

Mortgage Credit
Certificates - MCC's

HOME+PLUS

Mortgage Credit Certificates - MCC's

HomePlus Arizona

Arizona Mortgage
Credit Certificates – MCC’s

What is an MCC?

  • Mortgage Credit Certificates "MCC’s" are available to first-time home buyers(1) and Veterans to help keep your housing costs down through federal income tax credits(2).
  • An MCC can reduce federal income taxes owed. Because of the potential tax savings, an MCC holder may choose to adjust their W-4 withholdings with their employer(3)
  • With less money withheld for taxes, the MCC holder receives more take-home pay.
  • The MCC can be used by the lender to gross up qualifying income and improving debt-to-income / qualifying ratios (if allowed by the respective mortgage agency guidelines).
  • Any MCC issued in Arizona can be combined with any down payment assistance program, including the HOME Plus DPA program.
  • 1) First-Time Homebuyers is any buyer that has not owned a home in the past 3 years.
    2) Both a tax deduction and tax credit reduce your tax burden. A tax credit has the potential to save you more than a tax deduction does. Your tax professional can provide greater insight to your specific circumstance.
    3) Speak with a tax professional or lender to find the best option for you.
HomePlus - Arizona - Home Buyer Down Payment Program

Product Eligibility

  • Available to first-time homebuyers, homebuyers who have not owned a home in 3-years, and Veterans.
  • Income limits apply. Limits vary by county and could be lower than your selected DPA program income limits.
  • Purchase price limits apply.
  • MCC funds are limited.
  • Additional requirements may apply.

How do I or my borrower apply?

  • ALL MCC’s are issued state-wide by The Community Investment Corporation “CIC Tucson”, based in Tucson, Arizona.
  • Neither the Arizona Industrial Development Authority or the HOME Plus DPA program directly issue MCC’s.
  • For more information or questions about MCC, please visit Tucson Community Investment Corporation • CIC Tucson
Click Here to Visit Tucson CIC and Learn More About MCC's

Program Information

What to do now? Click below to learn more about HOME+PLUS credit score requirements, program guidelines, and first mortgage types offered.
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Home Buyer Resources

To help you better prepare for buying your new home, HOME+PLUS has put together a list of resources and information from local, state, and national organizations.
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Frequently Asked Questions

We have put together a list of questions and answers to help you better understand the HOME+PLUS home buyer down payment assistance program.
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