Mortgage Credit Certificate

MCC – The Florida Mortgage Credit Certificate

Purchasing and living in your own home is a feat for all. For first-time homeowners, this journey can be overwhelming and may require a bit of a learning curve. As a response to this fact, lenders, financial institutions, and government agencies have created programs and solutions that can help first-time home buyers.

The Mortgage Credit Certificate or MCC Program is one of the efforts designed to help first-time homeowners save money. It provides cash back every year that the new owners live in their home.

With a professional team that cares about the citizens of Fort Lauderdale, Florida State Mortgage Group is committed to making home ownership easy for first-timers. We offer a variety of loan solutions that can help buyers save money and get the most value for their loan.

We can expedite the process and find the right MCC Programs that meet your requirements.

Florida Mortgage Credit Certificate

An MCC program is specially designed for new home buyers and US Veterans who are looking to purchase their first home. It allows the borrower to claim up to 50% of the annual mortgage interest paid each year.

This is beneficial for new home buyers as they can use the extra cash as added monthly income. They can also use it to get qualified for a house they might be denied for otherwise.

The Florida Mortgage Credit Certificate caps the credit at $2,000 per year. Any leftover mortgage interest that is not included in the tax credit is eligible for a home mortgage interest deduction on federal tax returns.

Homeowners can claim a dollar-for-dollar reduction in income tax liability. They may make a claim for up to 50% of the mortgage interest. The value depends on the total loan amount but eventually helps reduce the amount of federal tax the borrower owes.

It’s important to clarify that the Florida MCC is not a mortgage itself. However, it is used in conjunction with a first mortgage that a borrower received from a credible lender. It cannot be issued with mortgage revenue bond loans.

Eligibility

The Florida MCC program is open to the following individuals and US veterans:

First-time home buyers that have not owned a primary residence within the last 3 years

Candidates that meet all qualifying requirements to receive a mortgage loan

Candidates with proven creditworthiness

Candidates that meet the MCC program’s income and purchase price limits

Buyers that apply for a Florida MCC program through a participating mortgage lender in Fort Lauderdale

Buyers who intend on occupying the house as their primary residence

Learn more about the MCC Borrower Limits County by Country in Florida »
Learn more about the MCC Purchase Price Limits »

What Our Clients Are Saying

James Basile
James Basile
03:11 20 Nov 21
From my first call to Steve Mc William to the second we closed, it was the best service ever. I felt as if I were their only customer. Everything was top notch and professional.
Stephen Brathwaite
Stephen Brathwaite
15:59 19 Nov 21
J C
J C
21:36 13 Nov 21
Mr McWilliam was extremely thorough and informative. He even provided excellent advice on some other non related mortgage questions I had. He listened carefully to my goals and provided me with the... best product for my financial situation. I have never met any one so thorough. Thank you.read more
Crystal Torres
Crystal Torres
14:04 12 Nov 21
angelo cedeno
angelo cedeno
21:26 08 Nov 21
Linda Rosen
Linda Rosen
19:27 18 Jan 21
Steve did a great job on our refi. Thanks for making it happen.
Lana Mihova
Lana Mihova
16:22 13 Feb 20
Stephen McWilliam was an amazing person to deal with. Our deal was pretty complicated on all aspects and he was so professional, he got it done !!! Thank you so much for all the hard work you put... into this deal!!!read more
Erica Bethe Levin
Erica Bethe Levin
16:21 22 Jan 20
Working with Steve and Florida State Mortgage Group was singlehandedly the best and most seamless part of buying our home. I could not recommend them more highly.
Charlie Crusher
Charlie Crusher
14:45 14 Jan 20
Stephen went above and beyond to help me in my situation. Thank You 👍
Brian Mosher
Brian Mosher
15:02 13 Jan 20
Steve did a wonderful job securing a mortgage for me based on the parameters I gave and seeing everything through to completion. No hiccups for me along the way in a process that can be very painful... if not managed well.read more
Shannon Dameron
Shannon Dameron
01:34 12 Jan 20
Steve and the team at Florida State Mortgage Group are exceptional. I was looking for a townhouse for my family when Steve and his team were referred to me. Florida State Mortgage Group showed me I... could easily afford a single family home. Steve handled everything from providing a list of homes, securing the home loan, insurance options and closing.I’ve referred Florida State Mortgage Group to friends and family. Each person has experienced the same level of knowledge and quality of service.5 STARSread more
Florida Guy
Florida Guy
19:08 11 Jan 20
I was very pleased with Steve and the ease of the process. No hiccups or surprises. Highly recommended for mortgage services.
Olga Alderson
Olga Alderson
01:02 05 Dec 19
Steve McWilliam was a tremendous help in securing my mortgage a few years ago. He\'s also been a great source of knowledge in the time since. I highly recommend him as someone you can trust.
Hilary Slack
Hilary Slack
06:24 12 Nov 19
Very professional, fast, efficient and honest. Steve explained everything in detail and delivered as it was presented from the beginning.
Marty Tanner
Marty Tanner
07:08 04 Nov 19
This mortgage company is the best!!! I will be returning to them for the purchase of my next home!!!! They have made my dream of homeownership become a reality!!!
Eloise Hansen
Eloise Hansen
00:50 24 Oct 19
Attention to detail, time, a not just good resolution but the most or best resolution possible and beyond. Not just professional- but outstanding service.
Castro Sybil
Castro Sybil
01:54 23 Oct 19
Fast, knowledgeable, professional, and ability to get “impossible” things done. Excellent sense of urgency and able to push things through. Very articulate and always available to communicate. Very... pleased.read more
Michelle Vantine
Michelle Vantine
17:20 08 Jul 19
I worked with Betty to buy my first house here in South Florida and I could not be happier! She was amazing. She was always available to answer my questions and she was very patient. She was... extremely knowledgeable, even getting me approved for a HUGE tax exemption I will receive annually . She always had all the paper work ready on time and explained everything in detail. I could not image a better agent. I'm SO glad we made the decision to work with her. Thanks Betty!read more
Justin Pyka
Justin Pyka
16:01 08 Jul 19
Betty did an amazing job originating our loan. She is knowledgeable, accessible, and eager to provide the best for her clients. I HIGHLY recommend her!
Ganel Appolon
Ganel Appolon
00:59 26 Feb 19
you guys are doing a great job keep it up.
Mike Heller
Mike Heller
17:15 20 Feb 19
Natalie Rodriguez
Natalie Rodriguez
20:59 12 Feb 19
We had a great experience with Florida State Mortgage Group. Would recommend them and will use them again in the future.
Sean Zamora
Sean Zamora
18:28 05 Feb 19
Steve McWilliam was a tremendous help in securing my mortgage a few years ago. He’s also been a great source of knowledge in the time since. I highly recommend him as someone you can trust.
Scott Yankton
Scott Yankton
17:42 04 Feb 19
The smartest, most helpful and insightful mortgage loan person I’ve ever used. On our first attempt to buy he saved us from disaster. On our second attempt he was finished and ready to close before... everyone else! Our loan was a VA so we expected it to take extra time...nope. For our next loan we won’t use anyone else.read more
Mike McGraw
Mike McGraw
03:25 03 Feb 19
Knowledgeable, Professional and results oriented!!
Hugh Bruder
Hugh Bruder
19:22 02 Feb 19
If your looking for a highly professional, easy to work with and lightning fast mortgage team, then Florida State Mortgage is for you.I wouldn’t go anywhere else for my mortgage needs.Hugh... B.Davie, Floridaread more
Madison Cantrell
Madison Cantrell
00:53 30 May 18
They were a pleasure to work with and they helped us get through the financing of our first home in Florida. Highly recommended!
M C
M C
21:59 15 Jan 17
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Talk to FSMG to learn more about the Florida Mortgage Credit Certificate Program and whether you are eligible for one.

Call us today at (954) 359-3000 or click the button below to get started.

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