HOMESITE MAP | SEARCH | CONTACT   Twitter Facebook

Mortgage Credit Certificate (MCC)

Effective 02/28/2017
We are not offering the MCC Program at this time.

The following is applicable if you currently hold an MCC:

RECAPTURE TAX

A recapture tax may apply only in the event that –  you sell your home in the first nine years, and - your income has increased significantly, and - you have a substantial gain on the sale.  IRS Form 8828 explains how the tax is calculated.

Federal Recapture Tax FAQ

REFINANCING YOUR PROPERTY

If you refinance your property, the MCC may be reissued if completed within one year of refinance and if you qualify under the program guidelines.  The amount on the reissued MCC cannot exceed the outstanding balance of the mortgage prior to refinancing and the certificate credit rate cannot exceed the certificate credit rate specified in the existing certificate.  Further restriction apply.

A $375.00 non-refundable application fee must be included in a reissuance request. 

IF YOUR MCC IS LOST

Please contact the Commission for a replacement certificate.  There is a $35.00 fee for this service.

QUESTIONS

If you have questions about the Mortgage Credit Certificate Program, please call us at 800.767.4663 or email askusHO@wshfc.org.

  

 
Home  |  About  |  Careers  |  Commissioners | Contact Us  |  Housing Washington  |  EventsMy View Newsletter  Publications  |  Homeownership: Homebuyer Programs  |  Information for Lending and Real Estate Professionals  |  Multifamily Housing: 9% Housing Credit  |  Bond/Tax Credit  |  80/20 Bonds  |  501(c)(3) Housing Bonds  |  Special Programs: Energy  |  Farmer/Rancher  |  Nonprofit Facilities  |  Land Acquisition Program  |  Property Managers: Asset Management and Compliance  Information for Investors: Official Statements, Annual Reports, Interim Information  |  Privacy Notice  |  Requests for Public Records
 
Washington State Housing Finance Commission   Twitter Facebook
1000 Second Avenue, Suite 2700, Seattle, WA 98104
Phone: 206-464-7139 or 800-767-4663 | Fax: 206-587-5113
| Contact Us
©1998-2017 All Rights Reserved