VHFA MOVE MCC (Mortgage Credit Certificate)

Administered by: Vermont Housing Finance Agency (VHFA) · State · Tax Credit

Funding status: Active

How much assistance

Federal tax credit based on mortgage interest paid annually (Tax Credit)

Eligibility

  • Income limits: Varies by county and household size, generally $100,000 to $140,000
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years (for purchases in Addison, Bennington, Chittenden, Grand Isle, or Windsor counties).
  • Credit score minimum: 640
  • Geographic restrictions: Available statewide in Vermont.
  • Homebuyer education required: Yes

How to Apply for VHFA MOVE MCC (Mortgage Credit Certificate)

Step 1: Apply through a VHFA participating lender. The MCC is issued alongside the VHFA MOVE mortgage.

Visit program website

Notes

Provides a federal tax credit for a portion of mortgage interest paid each year, reducing your annual tax liability. Can be combined with ASSIST down payment assistance. Also reduces Vermont property transfer tax by $825.

Available Statewide In