Mortgage Credit Certificate Program In FY 2019, 347 Mortgage Credit Certificates (MCC) were issued by DCHFA on a total of $114,096,128 first trust loans. The Mortgage Credit Certificate allows qualified first time homebuyers the ability to claim Federal Tax Credit of 20 percent of the mortgage interest paid during each calendar year. The remaining 80 percent of mortgage interest paid for that year may still be claimed as a tax deduction. A tax credit has the potential to put more money in the homeowner’s pocket than a tax deduction alone. DCHFA’s MCCs may be purchased in conjunction with a DC Open Doors loan program product or other loan program products not offered through the DC Open Doors loan program.
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