MOVE MCC

What is MOVE MCC?

MOVE MCC is a mortgage credit certificate for homebuyers in Statewide County, Vermont, administered by Vermont Housing Finance Agency (VHFA).

• MOVE MCC pairs the VHFA MOVE first mortgage with a Mortgage Credit Certificate issued at closing, providing an annual federal income tax credit of up to $2,000 (20% of annual mortgage interest paid). First-time homebuyer and income/purchase-price limits apply.
• VHFA MOVE first mortgage plus an MCC; annual federal income tax credit up to $2,000 (20% of mortgage interest) for as long as the borrower holds the original loan and occupies the home.
• Funding comes from Vermont Housing Finance Agency (federal MCC bond authority).

How much assistance does it provide?

MOVE MCC offers up to $2,000 in assistance.

• Amounts are the program's published maximums, not an offer — Vermont Housing Finance Agency (VHFA) determines any individual award.

Do you have to pay it back?

MOVE MCC is a tax credit rather than a loan, so there is nothing to repay.

• The assistance is recorded in First (underlying MOVE mortgage) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

MOVE MCC is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

MOVE MCC sets its income limit as follows: MOVE/MOVE MCC limits (as of 7/14/2025): Addison/Bennington/Windsor $110,000 (1-2), $130,000 (3+); most counties $120,000 (1-2), $140,000 (3+); Washington $125,000 (1-2), $145,000 (3+).

• 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?

MOVE MCC caps the purchase price at $500,000.

Where does it apply?

MOVE MCC serves buyers purchasing in Statewide County, Vermont.

How do you apply?

Applications for MOVE MCC go through Vermont Housing Finance Agency (VHFA), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through VHFA-approved homebuyer education provider (at least one borrower).

2. 2

   Contact Vermont Housing Finance Agency (VHFA) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   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 buyer can take it to a lender or housing counselor.