Florida Mortgage Credit Certificate (MCC)
Florida Mortgage Credit Certificate (MCC) is a mortgage credit certificate for homebuyers in Florida.
The program asks for
- First-time homebuyer — with exceptions: Veterans and buyers in targeted areas may be exempt
- The home is occupied as a primary residence
- A minimum 640 credit score
- A completed homebuyer education course
- Citizenship or immigration status: U.S. Citizen or Permanent Resident
- A home in Florida
It doesn’t cover
- Households above 115% of area median income
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
115% of the area median income where the home is
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
Florida’s homesFlorida’s homes, and the ones this program accepts
- 54.7% single-familysingle-family
- 6.7% townhousetownhouse
- 5.9% 2–4 units2–4 units
- 24.5% 5+ unitscondo & apartment buildings (5+ units)
- 8.2% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$359,000
Florida median home value
34%
built before 1980
U.S. Census Bureau, ACS 2024 5-year.
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact the administering agency to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Florida Mortgage Credit Certificate (MCC)?
Florida Mortgage Credit Certificate (MCC) is a mortgage credit certificate for homebuyers in Florida. Federal tax credit program allowing eligible homebuyers to claim 10%-50% of annual mortgage interest paid (up to $2,000/year) as a direct tax credit, increasing effective buying power. Available statewide through Florida Housing-approved lenders. Federal tax credit up to $2,000/year reducing tax liability. Increases effective purchasing power. Can be combined with Florida Housing DPA programs. Funding comes from Federal.
Do you have to pay it back?
Florida Mortgage Credit Certificate (MCC) is a tax credit rather than a loan, so there is nothing to repay. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Florida Mortgage Credit Certificate (MCC) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Veterans and buyers in targeted areas may be exempt. The program lists a minimum credit score of 640. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident.
What are the income limits?
Florida Mortgage Credit Certificate (MCC) limits household income to 115% of the area median income, which varies by county and household size. Income limits vary by county and household size. Check floridahousing.org. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
Florida Mortgage Credit Certificate (MCC) can be used for Single Family, Condo, Townhouse, and 2-4 Unit.
Where does it apply?
Florida Mortgage Credit Certificate (MCC) serves homebuyers purchasing anywhere in Florida.
How do you apply?
Applications for Florida Mortgage Credit Certificate (MCC) go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.
Also for Florida homebuyersOther programs open to Florida homebuyers
- Florida Hometown HeroesUp to $35,000
- Salute Our Soldiers Military Loan ProgramUp to $35,000
- Florida Assist (FL Assist)Up to $10,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 88 programs for FloridaProgram terms are set by the administering agency and can change; confirm on the official site before you apply.