HOME OWNERSHIP :: ARLINGTON HOUSING FINANCE CORPORATION
MORTGAGE CREDIT CERTIFICATE (MCC) PROGRAM

View the MCC Presentation (pdf)

Description

• The Arlington Housing Finance Corporation’s Mortgage Credit Certificate Program is a federal income tax credit designed to assist persons to become homeowners
   
• With an MCC, the qualified homebuyer is eligible to write off a portion of the annual interest paid on the mortgage as a special tax credit, not to exceed $2,000
   
• An MCC is a true “tax credit” that entitles taxpayers to subtract the amount of the credit from their total federal income tax liability

Criteria for Eligibility

Participants must:

• Homebuyer’s household income and the purchase price must not exceed the program’s maximum limits
   
• Homebuyer could not have owned a home in the last three years as their primary residence unless purchasing a home in the Target Area or is a Qualified Veteran
   
• Homebuyer must apply for the MCC through a participating lender
   
• Homebuyer must qualify for a mortgage
   
• Homebuyer must attend a HUD approved homeownership counseling course Homebuyer must purchase a home in the City of Arlington, Texas
    
• Homebuyer must occupy the home as their principal residence

MAXIMUM PURCHASE PRICE LIMIT:

• Non-Targeted Areas $247,032
• Targeted Areas $301,929

MAXIMUM INCOME LIMITS:

Non-Targeted Areas

1-2 Occupants = $68,300

3 or More Occupants = $78,545

Targeted Areas

1-2 Occupants = $81,960

3 or More Occupants = $95,620

For More Information
For additional information contact the program administrator:

Mary Bert-Koelling, Assistant Vice President, Housing
FirstSouthwest Company

Mary.Bert-Koelling@firstsw.com 
214.681.3311

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