PHFA: Mortgage Credit Certificate

A PHFA Mortgage Credit Certificate (MCC) allows homebuyers to claim a tax credit for 50 percent (50%) of the mortgage interest paid per year, capped at $2,000 annually. It is a dollar-for-dollar reduction against your federal tax liability. The MCC is available to qualified homebuyers in conjunction with the following PHFA first mortgage home purchase loan programs: HFA Preferred (Lo MI); HFA Preferred Risk Sharing (No MI) or Keystone Government Loan and may also be combined with a Keystone Advantage Assistance Loan. Due to the source of funds, an MCC cannot be used in conjunction with the Keystone Home loan. Click here to learn more.

Contact: Kate Newton

Phone: 717-780-3871


Additional Information: The Mortgage Credit Certificate will expire if the home is sold or is no longer used as the borrower’s primary residence. If the borrower maintains ownership and continues to occupy the property, they will be eligible to claim the credit for the life of the loan. If the loan is refinanced, the MCC may be eligible for reissue with the approval of PHFA.

HomeHUB Editorial Board

The content of HomeHUB© is informed by a Editorial Board which consists of representatives of key statewide stakeholder entities that believe in the importance of rebuilding homeownership in Pennsylvania. For additional information, visit our "About" page.