Popularity of Florida first-time homebuyer tax credit program exploding

Florida Housing’s Mortgage Credit Certificate Program (MCC) Qualified first-time homebuyers can claim 50 percent of their paid mortgage interest, with a cap of $2,000, in the form of a tax.

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The flood of first-time homebuyers taking advantage of the government’s tax credit program has surely propped up sales activity, but it has also dragged down commissions for real estate agents and. In rapidly increasing frequency, first-time homebuyers in Florida are taking advantage of a little-known program that pays them $2,000 a year to.

Popularity of Florida first-time homebuyer tax credit program exploding.. The number of first-time homebuyers in Florida who are taking advantage of a little-known program that pays them $2,000.

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The Mortgage Credit Certificate (MCC) Program PRODUCT MATRIX: 2017 Features: Eligible first time homebuyers who receive the Mortgage Credit Certificate (MCC) can claim an annual tax credit of up to 50% of the mortgage interest they’ve paid for the applicable tax year up to $2,000, depending on the loan amount.

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