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Are you ready to buy a home? We can help. The Texas State Affordable Housing Corporation (TSAHC) is a 501(c)(3) nonprofit organization created at the direction of the Texas Legislature to create affordable housing in Texas. TSAHC's Mortgage Credit Certificate (MCC) Program is available to teachers, fire fighters, peace officers, veterans, and low and moderate-income homebuyers. This program is available through a network of lenders across the state and provides the following benefits:
The example below assumes a buyer purchases a home for $120,000 at a 4.75% interest rate. Interest paid the first year is approximately $5,700. An MCC tax credit of 40% of the interest paid would equal $2,280 (40% x $5,700 = $2,280).