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).

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.

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.

MOVE MCC is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 640. A homebuyer education course is required, through VHFA-approved homebuyer education provider (at least one borrower). Official MCC credit is 20% (some third-party sources say 50%). Min credit score floor 640 used.

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.

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

MOVE MCC serves homebuyers purchasing in Statewide County, Vermont.

Applications for MOVE MCC go through Vermont Housing Finance Agency (VHFA), 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.