The MCC Program requires you to have a tax liability in order to take the credit. If you currently do not have a tax liability now, you may have one in the future. In addition, if you owe no taxes, or the credit is greater than your tax liability, you may carry the tax credit forward for up to three years.

Files for borrowers who have received MCCs must be maintained and serviced for the life of the loan. This includes reporting required by the IRS to cancel non-compliant MCCs and reissue new MCCs upon refinancing. Renewal fees pay for the overhead and ongoing administration of these files.

If you have financial hardships which make it difficult to pay your fee, please contact us to make special arrangements. If you do not receive a tax credit in a particular year because you had no tax liability, contact us to have your annual fee waived (must provide copy of tax return).

You may remain enrolled in the MCC program if you refinance on your home, but we must issue you a new certificate each time you refinance.

To get a new certificate issued after a refinance, there are two documents that will need to be completed. One you will fill out, and the second your lender will need to fill out. You are responsible for getting your lender to complete his/her portion and return it to us. Both of these documents are linked below!

• Borrower Refinance Certification Form

• Lender Refinance Certification Form

In addition to these two forms, we will need a copy of your promissory note and either your closing disclosure or settlement statement. Please also send us your original MCC certificate, if you have it.

No, you must be a primary resident. If you sell your home, rent your home, or if it becomes your secondary residence, you must notify us and we will cancel your certificate.