IHDA MCC Tax Credit Helps Illinois First Time Home Buyers!
Posted November 10, 2010
Thinking about buying a new home? Did you miss the deadline for the $8,000 homebuyer tax credit that required a sales contract by April 30, 2010? Well, the Illinois Housing and Development Authority (IHDA) may have a solution for you that surpasses the home buyer tax credit which expired at the end of April.
The MCC (Mortgage Credit Certificate) tax credit allows a qualified first time homebuyer to use 20% of their annual mortgage interest as a dollar for dollar tax credit up to $2,000 annually. To qualify, a buyer must meet IHDA’s posted income limitations based on household size.
For an estimated rate and payment quote, please
contact our office at (708) 531-8388 or
get a mortgage quote now!
We focus on providing home loans in
Chicago,
Naperville, Aurora,
Elmhurst,
Hinsdale, Westmont, Western Springs,
LaGrange, Orland Park, Oak Park,
Schaumburg,
Barrington, Winnetka, Plainfield and everywhere in between.
Get pre-approved today, buy your new home tomorrow!
No comments have been left for this article yet.
Anyone is welcome to comment on our blog! All comments will be reviewed before they show on the site
Leave your comment