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WCDA Mortgage Credit Certificate (MCC)

Wyoming Community Development Authority (WCDA) · Statewide, Wyoming

Last verified
See what you qualify forOfficial program site →
Assistance

$2,000

The maximum the program publishes — not an offer

Repayment

Tax credit

Not a loan, so there is nothing to repay

What is 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.
  • This is a federal program, so it is available beyond a single state or city.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

WCDA Mortgage Credit Certificate (MCC) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Standard FTHB exceptions (e.g., Veteran's Exception, targeted areas) may apply.
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Wyoming Housing Network, Inc. (whninc.org).
  • DRAFT (dpa-gap-finder 2026-06-11): pending review. 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.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

Where does it apply?

WCDA Mortgage Credit Certificate (MCC) is a federal program, so it is not limited to 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.

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through Wyoming Housing Network, Inc. (whninc.org)..

  2. Contact Wyoming Community Development Authority (WCDA) to reserve funds

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

  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.

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