THDA's Mortgage Credit Certificate program

Please join us as we welcome THDA Executive Director, Ralph Perrey, to talk about a program to help sell your homes and save your home owners money!

The Mortgage Credit Certificate (MCC) Program provides up to a $2,000 tax REDUCTION every year on federal income taxes, that's dollar-for-dollar, in addition to the standard DEDUCTION that most homeowners receive off mortgage interest. That means, 50% of a homeowner's annual mortgage interest is a direct federal tax credit up to $2,000 every year and the remaining 50% still qualifies for the itemized deduction. More details can be found on the attached documents. Income and other qualifications can be found on our website (https://s3.amazonaws.com/thda.org/Documents/Business-Partners/Lenders-and-Servicers/Eligibility-Requirements-and-Conditions/Current-Acquisition-Limits-pdf.pdf). As an example, in Knox County a house could be purchased for up to $250,000 and the homeowner could make up to $71,026 annually to qualify. Come hear Ralph Perrey share the details of this program to see how you can provide your homeowners an additional benefit for purchasing your homes! 

Soft drinks and light snacks will be provided.