Can HomeNow borrowers apply for a Mortgage Credit Certificate (MCC)?

Yes, the HomeNow program is unique among down payment assistance programs in being able to help borrowers take advantage of this powerful tax credit. An MCC can increase a borrower’s take-home pay by up to $2,000 every year they have a mortgage. Plus, this additional income can be used to help qualify a borrower for a loan.

Many borrowers meet the household income and purchase price limits and the first-time homebuyer requirement or exemption. It’s easy to assess all three categories at Montana Housing’s webpage (they administer MCCs in Montana).