Minnesota Housing Mortgage Credit Certificate (MCC) Program

Geographic Service Area: 
Twin Cities metro area
Program Details: 
Tax Credit of up to $2,000/year
Available for first-time homebuyers
Purchase price and income limits apply

With the MCC Program, first-time homebuyers receive a Mortgage Credit Certificate that allows them to claim 35% of their mortgage interest as a federal income tax credit each year (worth up to $2,000/year). The MCC Program also offers an affordable, low-interest Minnesota Housing first mortgage, as well as access to the Minnesota Housing Monthly Payment Loan for downpayment/closing costs. Visit for full program details.


  • Mortgage Credit Certificate (MCC) to reduce your federal income tax liability up to $2,000 per year
  • Minnesota Housing home mortgage loan with low, affordable interest rates
  • Optional Minnesota Housing Monthly Payment Loan to cover downpayment and/or closing costs
  • Conventional product available with no mortgage insurance—only 3% downpayment needed
  • Lower private mortgage insurance rates for conventional-insured loans—only 3% downpayment needed
  • FHA 203(k) Streamlined purchase/repair product option available

Eligibility Requirements:

You may be eligible if you:

  • Are a first-time homebuyer
  • Have an income at or below prescribed Minnesota Housing income limits
  • Purchase a home under the $298,125 acquisition cost limit for 11-county metro area

Home Stretch or Framework ( required for borrowers with conventional loans or for borrowers using Minnesota Housing downpayment/closing cost loans