WCDA Mortgage Credit Certificate (MCC)

WCDA Mortgage Credit Certificate (MCC) is a mortgage credit certificate for homebuyers in Statewide, Wyoming, administered by Wyoming Community Development Authority (WCDA). The WCDA Mortgage Credit Certificate (MCC) is a first-time-homebuyer federal tax-credit program that lets a qualified borrower claim a credit against federal income tax liability based on mortgage interest paid. The credit rate runs roughly 20%-40% of annual mortgage interest depending on the borrower's income and tax situation; rates above 20% are capped at $2,000 per year, while lower rates have no cap. The MCC may be claimed over the life of the qualifying loan as long as the holder continues to qualify. Annual federal tax credit on mortgage interest (up to ~$2,000/yr at higher rates). Credit available over the life of the loan. Can couple with HFA Preferred or Advantage first mortgages. Improves debt-to-income qualification.

WCDA Mortgage Credit Certificate (MCC) offers up to $2,000 in assistance. Award tiers: Credit rate ranges roughly 20%-40% of annual mortgage interest depending on income/tax situation; rates above 20% are capped at $2,000/year, no cap on lower rates. The program can be combined with HFA Preferred or Advantage first mortgages (and their Amortizing DPA); not combinable with Standard FTHB/Spruce Up. Amounts are the program's published maximums, not an offer — Wyoming Community Development Authority (WCDA) determines any individual award.

WCDA 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.

WCDA 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: Standard FTHB exceptions (e.g., Veteran's Exception, targeted areas) may apply. A homebuyer education course is required, through Wyoming Housing Network, Inc. (whninc.org). Usable only with HFA Preferred, Advantage, or non-MRB purchase transactions - NOT with the bond-funded Standard FTHB or Spruce Up loans. Subject to recapture tax (reimbursement available). Exact credit value depends on individual tax situation.

WCDA Mortgage Credit Certificate (MCC) sets its income limit as follows: Subject to WCDA purchase price and income limits, which vary by county and family size; posted at wyomingcda.com/purchase-price-income-limts. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

WCDA Mortgage Credit Certificate (MCC) serves homebuyers purchasing in Statewide, Wyoming. The program targets specific areas: Targeted-area census tracts in Albany and Natrona counties carry increased purchase price/income limits and possible FTHB waiver.

Applications for WCDA Mortgage Credit Certificate (MCC) go through Wyoming Community Development Authority (WCDA), 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.