Now Available:
2015 Take Credit Mortgage Credit Certificate Program!

The Iowa Finance Authority (IFA) launched the 2015 Take Credit Mortgage Credit Certificate (MCC) Program on March 11, 2015. IFA's Board of Directors approved an allocation to issue MCCs, with sufficient funds to make homeownership more affordable for an estimated 400 new home buyers in 2015 through the program.

 

The 2015 Take Credit Program provides eligible home buyers a tax credit of 50 percent of annual mortgage interest paid (up to a maximum of $2,000 per year) to be taken as a credit against federal income tax liability for the life of the loan, up to 30 years.  

 

Funds are available for reservation by a Take Credit Participating Lender on behalf of home buyers making new purchases. Only home buyers with a written Commitment Notice from IFA prior to closing will be eligible to receive an MCC.   

 

Lender Sign-Up

To become a new Take Credit Participating Lender or to renew participation, please complete the Lender Sign-Up Request form and submit via email.   


For more information, including the Take Credit Income and Purchase Price Limits, please visit the Take Credit web page

 

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