August 18, 2014  
Take Credit Mortgage Credit Certificate Program
2014 Funds Exhausted

IFA Lending Partners:
 
Please note that all of the funds set aside for the 2014 Take Credit Program have been exhausted and we are no longer accepting new reservations at this time. All active reservations in the pipeline will continue to be processed in accordance with our existing policies and procedures.

This year, tax credits under this program were made available for over $62 million of mortgage financing on behalf of over 600 first-time home buyers in Iowa. These home buyers will benefit from the program through a federal tax credit equal to 30% of the mortgage interest paid (capped at $2,000 per year) which they can take each year for up to 30 years. We are pleased that so many Iowans will receive this benefit year after year thanks to you - our network of Take Credit Participating Lenders throughout the state. Thank you for partnering with the Iowa Finance Authority to bring this important and valuable resource to Iowans.

If you have any questions regarding a pending or approved Mortgage Credit Certificate in the pipeline, please contact your designated Loan Production Specialist, Megan Seuferer or Adrienne Williams.  

 

Iowa Finance Authority  | IowaFinanceAuthority.gov
2015 Grand Ave.
Des Moines, IA 50312