Benefit Summary:

Home at Last™ MCC provides a federal income tax credit equal to 40% of the interest paid on a mortgage annually for the life of the loan


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Home at Last™ MCC Program

The Nevada Rural Housing Authority Home at Last™ Mortgage Credit Certificate (MCC) program offers qualified first-time buyers a federal income tax credit equal to 40% of the interest paid on their mortgage loan. It provides a refund on mortgage interest every year the buyer lives in the home for the life of the loan, plus the homeowner can still claim the remaining interest as a tax deduction.

Program at-a-glance:

  • Federal income tax credit equal to 40% of the interest paid on the mortgage loan (maximum $2,000 tax credit per year)
  • Savings estimated at $2,000 a year ($166 a month) per household
  • Savings continue each year based on actual interest paid on the home
  • No asset limits for homebuyers

Savings Example:

Loan amount: $150,000

Interest rate: 4.5%

Approximate annual interest: $6,700

Tax credit: 40% of mortgage interest

Savings first year: $2,000 (Max $2,000 per year)

Savings over 10 years: $20,000

Total savings over life of loan: $44,716

Who qualifies:

  • First-time homebuyers (have not owned a home in the past three years) or qualified veterans who will live in home as primary residence
  • Households meeting income qualifications and normal FHA, VA, Conventional or USDA underwriting requirements 
  • Home purchase is in rural Nevada (population fewer than 150,000) and falls below maximum price 
  • Buyer must complete homebuyer education (choose online or in person via buttons to the right) 

Notice of recapture tax:

Buyers using the Home at Last™MCC program are typically subject to a recapture tax if they sell their home within 9 years of purchase. However, NRHA now offers a reimbursement program for buyers which removes any risk of having to pay the racapture tax. Click to learn more.

Getting started:

If you think you qualify for Home at Last™ MCC, contact an approved lender to begin your loan process.  Use the MCC Savings Calculator on the right to see how much money you can save by using Home at Last™ MCC. 

Ask your lender about bundling opportunities with Home At Last™ WISH or Home At Last™ Access. You may qualify for free down payment assistance.