VHDA has issued more than 4,000 Mortgage Credit Certificates (MCCs) since the program launched in May 2015. To keep the momentum going, we're extending the MCC Lender Incentive through 2017. We hope this will encourage lenders to offer MCCs.An MCC has the potential to save thousands of dollars for an eligible first-time homebuyer by reducing the amount of federal income tax they owe each year, for as long as they have the loan and live in their home. Thanks to each of our lenders who have offered this option to so many borrowers!
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